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DHL Supply Chain to create 577 jobs in Stafford County
DHL Supply Chain, a contract logistics company with its North American headquarters in Ohio, is investing $72 million to establish a mid-Atlantic distribution center in Stafford County’s Venture Business Park, creating 577 jobs, Gov. Ralph Northam announced Tuesday. The company will build a 500,000-square-foot high-bay facility for its Real Estate Solutions unit. Virginia competed with [&hel[...]
Md.-based contractor closes on DynCorp International acquisition
Germantown, Maryland-based government contractor Amentum announced Monday it has acquired McLean-based DynCorp International. Financial terms of the deal, originally announced on Sept. 24, were not disclosed. The acquisition will create a company with more than 34,000 employees and allow the company to expand to new markets, according to Amentum’s statement. “The addition of DynCorp Inte[...]
Norfolk startup initiative launches
The Norfolk Innovation Corridor (NIC), an initiative to attract and retain startups in the region, launched on Thursday, Old Dominion University announced. Qualifying startups and company expansions can receive tax incentives (abatement of Business, Professional and Occupational License taxes at 100% for two years and 50% for three years) through the NIC, in collaboration with […]
Reston defense contractor lands two GSA contracts
Reston-based defense and government contractor SOS International LLC (SOSi) announced Monday it has secured contracts in two pools under the General Services Administration’s potential $50 billion One Acquisition Solution for Integrated Services (OASIS) contract vehicle for professional services. SOSi was one of 21 companies to receive more than one service pool under the contract. Under [&h[...]
Arlington logistics, security company names CFO
Arlington-based Cambridge International Systems Inc. announced Tuesday it has hired Josh Golden as chief financial officer. With more than 25 years of experience, Golden was most recently the CFO and chief operating officer with Advanced Technology Systems Co. In his new role, he will lead Cambridge’s finance department and work with the executive leadership team […]
Transportation
ED ALDRIDGE PRESIDENT, CMA CGM AMERICA LLP AND APL NORTH AMERICA, NORFOLK The CMA CGM Group serves 80% of the world’s commercial ports with a 502-vessel fleet and 110,000 employees. The American arm of its shipping and logistics company, based in Norfolk, has a workforce of more than 11,000 employees and serves 18 ports. In […]
PeakLogix to be acquired by Michigan company
Chesterfield County-based PeakLogix, a national material handling systems integrator, has entered into a definitive agreement to be acquired by Michigan-based Alta Equipment Group Inc. Terms of the acquisition were not disclosed. Located in Midlothian, PeakLogix specializes in the design and installation of warehouse automation and storage systems. The company generated approximately $25 million i[...]
Logistics companies try to weather supply chain storm
As supply chains become disrupted and demand for essential products such as grocery items, paper goods and personal protective equipment has skyrocketed, Virginia logistics companies are still operating quasi-business-as-usual as they’re also taking on new challenges. “There’s not a general increase in employment at this point. We’re working with the teams that we have,” says[...]
Amazon to open fulfillment center in Prince George County
Seattle-based Amazon.com Inc. — which is building its $2.5 billion HQ2 East Coast headquarters in Arlington — will open a fulfillment center for its AmazonBasics line in Prince George County by the end of the year, creating 150 jobs, Gov. Ralph Northam announced Wednesday. The fulfillment center will open in the former 798,000-square-foot Ace Hardware […]
Pennsylvania warehousing company invests $12M in Pulaski County operation
Milton, Pennsylvania-based warehousing company The Patton Logistics Group will invest $12 million to establish a logistics and warehousing operation in the New River Valley Commerce Park in Pulaski County, creating 33 jobs, Gov. Ralph Northam announced Tuesday. Virginia competed with North Carolina for the project, which will create a hub for motor carrier freight services […]
