Sign In
Free Newsletter
Watercourse of study
Starting this fall, Old Dominion University students will have a new interdisciplinary school dedicated to maritime work, logistics and supply chain management — an upgrade from an earlier program offered through the Strome College of Business. In September 2023, the State Council of Higher Education for Virginia (SCHEV) approved ODU‘s School of Supply Chain, Logistics, […]
Prime for development
In the past year, Amazon.com continued its march across the commonwealth, announcing plans to build a 650,000-square-foot fulfillment center and a 219,000-square-foot delivery station in Virginia Beach, which are collectively expected to produce more than 1,000 jobs. About 60% the size of the Pentagon, Virginia’s second largest building belongs to Amazon — a 3.8 million-square-foot [&helli[...]
Food storage company to invest $77.5M in Suffolk facility
New Jersey-based cold and dry storage services provider FreezPak Logistics will invest $77.5 million to build a Suffolk facility, a project expected to create 80 jobs, Gov. Glenn Youngkin announced Thursday. FreezPak will build a 245,000-square-foot cold storage facility in Suffolk to serve the mid-Atlantic region. The 80 new jobs will be in warehouse operations […]
Shenandoah Valley Year-in-Review: Green valley
Just a couple years later, an $821,000 site development grant awarded to the Shenandoah Valley Partnership by the state’s GO Virginia economic development initiative has already been paying off, says Jay Langston, the partnership’s executive director. The grant, which paid for work including site evaluation and related environmental reviews and surveys, was focused on improving [&helli[...]
Eastern Va. Big Deal: Prime location
Doug Smith isn’t surprised Amazon.com has extended its reach in Hampton Roads. The Hampton Roads Alliance president and CEO says Amazon’s expansion in the commonwealth has been a constant since the global e-commerce behemoth announced in 2018 that it would locate its East Coast corporate headquarters, Amazon HQ2, in Arlington County. The latest push includes […]
Logistics company expanding in Winchester
Third-party logistics warehousing provider WCS Logistics, a Winchester Cold Storage company, will invest $27 million to expand in Frederick County and create an estimated 15 jobs, Gov. Glenn Youngkin announced Tuesday. WCS Logistics will build an 83,000-square-foot cold storage facility with the capacity for more than 13,000 pallets. The facility will include 68,750 square feet […]
Trucking company plans $50 million Botetourt facility
Warren, Michigan-based Universal Logistics Holdings is planning a $50 million investment to expand into Botetourt County, a project that is expected to create 45 jobs, the trucking and logistics company announced in early January. The expansion will bolster the company’s heavy truck capabilities in servicing truck assembly operations, according to the company, which plans to […]
Top Five February 2024
The top five most-read daily news stories on VirginiaBusiness.com from Dec. 15, 2023, to Jan. 15 were led by the announcement that Fortune 500 IT company DXC Technology replaced its top executive. 1 | DXC Technology replaces Mike Salvino The Ashburn-based company replaced Salvino, its chairman, president and CEO, with interim President and […]
International logistics company to expand in Norfolk
Katoen Natie Norfolk, a subsidiary of Belgian international logistics service provider and port operator Katoen Natie, will invest $59.9 million to expand its Norfolk facility and create an estimated 76 jobs. Katoen Natie Norfolk will add a 450,000-square-foot warehouse and rail yard, and expand its existing rail spur, which will allow more room to load […]
Third-party logistics company to expand in Pulaski County
Wytheville-based third-party logistics company Camrett Logistics will invest more than $2 million to expand in Pulaski County, creating an estimated 58 jobs, Gov. Glenn Youngkin announced Tuesday. Camrett Logistics’ investment in its Dublin facility will include construction, renovating existing space and buying new forklifts and electric trucks. “Homegrown Virginia businesses like Camrett[...]
VSE calls off $100M sale of business to equity firm
Alexandria-based distribution and maintenance provider VSE Corp. has called off an agreement to sell off its federal and defense segment for up to $100 million to Louisiana-based private equity firm Bernhard Capital Partners. The deal was announced in May, and the companies said in a news release Wednesday that they mutually agreed to terminate the […]
ODU supply chain/logistics school approved by SCHEV
Old Dominion University’s School of Supply Chain, Logistics, and Maritime Operations was approved Wednesday by the state’s higher education council, and it’s set to start programming on Oct. 1, according to the university. The State Council of Higher Education for Virginia (SCHEV) OK’d the new school, which will support ODU‘s Maritime Consortium, which was created [&h[...]
