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Boeing wins $2.8B contract to upgrade South Korea fleet
Boeing has been awarded an up to $2.8 billion contract to provide upgrades to the Republic of Korea’s F-15 Slam Eagle fleet.
A. Duie Pyle buys Suffolk land for $24M, plans logistics campus
Transportation and logistics company A. Duie Pyle has purchased a 43-acre site at the Port 460 Logistics Center in Suffolk for $24 million.
Trucking company to close Harrisonburg site, laying off 70
10 Roads Express will shut down its Harrisonburg facility early next year, leaving 70 local workers without jobs.
Departing Port of Virginia CEO to join ferrying company
Virginia Port Authority CEO Stephen A. Edwards, who announced in November that he would be stepping down at the end of the year, will be CEO of ferry infrastructure company Hornblower Group at the start of 2026.
Edwards to step down as Port of Virginia CEO
Stephen A. Edwards is stepping down at the end of the year as the Virginia Port Authority's CEO and executive director to take a new job in the private sector, the Port of Virginia announced Monday.
Lego holds groundbreaking for $366M Prince George distribution center
The Lego Group held a ceremonial groundbreaking Thursday for its $366 million warehouse and distribution center in Prince George County.
Industrial park near Richmond airport sells for $142M
An eight-building industrial park near the Richmond International Airport sold for $142 million, according to news releases this week.
UPS cuts 48,000 jobs in the year to date as its turnaround continues
UPS cut about 34,000 jobs and closed 93 facilities this year as part of its cost-cutting turnaround and restructuring plan.
Union Pacific profit rises 7% as merger push continues
OMAHA, Neb. (AP) — Union Pacific delivered 7% growth in its third-quarter earnings Thursday as its CEO continues to make the case for the potential benefits of acquiring one of the railroad’s eastern rivals. The Omaha, Nebraska-based railroad said it earned $1.79 billion, or $3.01 per share, in the quarter. That’s up from $1.67 billion, […]
Salem book distribution center sells for $11.55M
A 170,000-square-foot Salem warehouse leased by ReaderLink sold for $11.55 million to Thalhimer Realty Partners.
Transportation 2025: BANAS, RYAN
Banas oversees the $3.9 billion Hampton Roads Bridge-Tunnel Expansion, the largest highway construction project in Virginia’s history and one of the largest infrastructure projects in the country. In May, the tunnel boring machine, nicknamed Mary, saw its mining operations pass the halfway point with nearly 60% of the more than 7,900-foot second tunnel excavated. As […]
