7 years ago
The inside story of the $613 million merger of Jones Lang LaSalle and Staubach.
When it comes to choosing a new location for your next distribution center, creating a strategic distribution network plan is a first priority to address today’s logistics challenges.
The city of Greenville, SC is cut from a different cloth.
From metropolitan hubs to pastoral landscapes, Mississippi offers a broad range of business locations without losing its charming Southern spirit.
The Land of Lincoln is now the fifth-largest exporting state in the U.S., shipping more than $48.73 billion worth of goods.
FedEx Ground to Build Package Sorting Hub in Guilford County FedEx Ground will build a new southeast sort facility in Guilford County, NC. FedEx has purchased a 125-acre site along I-40 in the Triad Business Park and will construct a 400,000 square-foot facility capable of sorting 45,000 packages per hour at full build out. The FedEx Ground facility will open in 2011 with about 500 full- and part-time employees, of which about 150 will be new positions. Additionally, independent contractors at opening are projected to be about 250, with 150 of them being newly created for the hub operation. The existing employees and independent contractors will come from the two existing Piedmont Triad facilities moving into the hub. Approximately four years after opening, the company projects that about 260 full- and part-time employees as well as about 200 independent contractor opportunities will be added. The company will invest about $100 million in land, building construction, and new machinery and equipment. The announcement last month of the Guilford project came as FedEx Express was preparing to open a new $300-million mid-Atlantic express hub at Piedmont Triad International Airport in Greensboro in the summer of 2009. When both facilities are fully operational, FedEx will directly employ close to 2,000 locally. Kirk Perkins, chairman of the Guilford County Board of Commissioners, commented on the significance of the FedEx Ground decision. “It’s an exciting time for Guilford County and especially notable with the state of the US economy to have that kind of investment and future job growth potential being generated here by FedEx Ground,” he said. “The economic impact of a new FedEx Ground sort hub is tremendous,” noted Chuck Cornelio, chairman of the Greensboro Economic Development Alliance (GEDA). “FedEx is making another very substantial investment in Guilford County because they see the opportunity our workforce and community represents. We assembled a great team to work with Ground to fully understand their project needs and then brought the necessary resources together to accomplish the task. Our goal is always to make a complicated site decision as seamless as possible.” GEDA, the Samet Corporation and the Town of Kernersville, worked with FedEx Ground for the last 18 months, assisting them with site decisions while leveraging the resources of local and state governments. Participants in the project included the Town of Kernersville, Guilford County Commissioners, North Carolina Departments of Transportation and Commerce, the North Carolina Community College System, Guilford Technical Community College, Winston-Salem Business Inc. and Duke Energy. Triad Business Park is being developed by […]
It is important to think strategically when planning to visit potential sites for a new plant.
Felipe “Phil” Alvarez is president of RCN Metro Optical Networks, where he is responsible for all aspects of the business unit. Alvarez has more than 20 years in the telecommunications field with companies such as NYNEX and Bell Atlantic. Prior to RCN, Alvarez was Chief Operating Officer of Con Edison Communications. BF: What information infrastructure components are necessary for a large company to succeed in a new location? PA: Companies need access to high-bandwidth, fiber-based communications networks in order to compete. The reliance on computing over a wide area makes it critical to have a reliable, resilient network. According to one study, the average financial institution experiences 1180 hours of downtime per year, costing them 16 percent of their annual revenue, or $222 million (according to SETLabs Briefings). Finally, when looking at infrastructure, companies should consider choice and customer support. Having multiple providers from which to choose allows the customer to select the carrier that is best suited to support their needs. BF: Which U.S. industries require a first-rate information infrastructure to operate at their optimal peak, and why? PA: Any industry that relies on wide area networks to compete should demand a first-rate information infrastructure. We’ve observed that those industries that are most in need of high capacity transport are financial services, healthcare, education and governmental agencies, although all businesses need access to widespread information, especially given the emergence of “cloud computing.” Latency is becoming a greater concern for these companies where, for example, a millisecond can mean the difference between making or losing millions of dollars on a trade, or a delay in accessing critical services in a “cloud computing” environment. BF: How can an advanced information infrastructure help businesses work more efficiently with government agencies and/or educational institutions? PA: High capacity fiber-based networks provide the bandwidth required to support information sharing among communities of interest, such as between educational institutions or between suppliers and governmental agencies. Solving the bandwidth bottleneck unlocks the potential to add media-rich applications that allow companies and people to get access to the information they need in order to be productive. Also, having this capacity available allows them to store data at off-site locations, thus ensuring that the information is protected from loss. Facebook’s Facelift In November, Facebook founder and CEO Mark Zuckerberg introduced Facebook Ads, an ad system allowing businesses to connect with users and target advertising to the exact audiences they want. “Facebook Ads represent a completely new way of advertising online,” Zuckerberg told an audience of more than 250 marketing […]
From the Desk of the Editor in Chief
The dispatches from the front lines of the global economic catastrophe have taken on a markedly schizoid quality during the past few days. In Washington, U.S. Treasury Secretary Hank Paulson executed yet another of his patented two-and-a-half backwards somersault, triple-salchow maneuvers. We haven’t received any scoring for Hank’s performance yet, presumably because the judges are waiting to see if he breaks his neck on the landing. After funneling about $290 billion in bailout funds to an unspecified number of financial institutions during the past month, Paulson told Congress in no uncertain terms last week that he had no intention of serving up any more huge portions of federal moolah. Then, on Monday, Paulson announced he was bailing out Citigroup to the tune of about $300 billion in debt guarantees and $20 billion in cash. On Tuesday, he announced that the Federal Reserve will pump out $800 billion in loans to anyone who wants to buy a house or a car. Hank, who apparently has more rescue formulas percolating in his head than Sybil had multiple personalities, didn’t specify who would supply the cash for this sudden burst of largesse. He didn�t have to — we could all hear the emergency printing presses at the Treasury roaring to life and spewing out extra-crispy Franklins. Adhering to the pattern of his previous mega-bailouts, Paulson didn’t ask for any management changes at Citigroup before he handed them $20 billion. He also didn’t ask them to rethink the $20 million they are spending annually to put their name on the Mets’ new ballpark. If he runs true to form, Hank probably will show up at Citi Field on Opening Day and get beaned by the first pitch. Before the markets could get roiled by Paulson’s frenetic careening, President-elect Obama emerged again in Chicago to reassure us that he has at least one hand on the steering wheel while Hank goes through his contortions and President George W. Bush models Peruvian leisure outfits during his farewell tour. The preternaturally calm Obama administered a hefty dose of verbal valium to bring us down from Paulson’s amphetamine-speak. Things eventually will work out, he told us, but it will take some time. And oh, by the way, it would be very useful if Congress could authorize about $700 billion in new public works spending before Christmas. Obama had his new crew of top economic advisors standing beside him as he administered this balm. Thankfully missing from this group was Robert Rubin, who ran the Treasury Department under President […]