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Fed’s Fifth District economy shrinks slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) contracted slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions g[...]
Amazon to open fulfillment, delivery facilities in Va. Beach
Amazon.com will launch a fulfillment center and delivery station in Virginia Beach, creating an estimated 1,000 full-time jobs, Gov. Glenn Youngkin announced Monday. Groundbreaking began Monday, according to Ian Allen-Anderson, an Amazon spokesperson. The fulfillment center will be located at the intersection of Harpers and Dam Neck roads, and the delivery station will be “at […]
Fed Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathere[...]
Transportation 2023: WILLIAM E. ‘BILL’ WOODHOUR
Woodhour has spent 32 years with Maersk Line, starting in sales and marketing, working his way up to president and CEO in 2016. Maersk Line is the Virginia-based U.S. arm of Danish shipping giant A.P. Møller-Mærsk, founded in 1983 to support the Navy. With offices in Norfolk and Dulles, it specializes in providing transportation, ship […]
Transportation 2023: NISSIM YOCHAI
Zim American Integrated Shipping Services, a subsidiary of Israeli cargo shipping company Zim Integrated Shipping Services, announced in June its plans to move its headquarters from Norfolk to Virginia Beach, an expansion expected to create several hundred jobs over the next five years in Virginia. Yochai, who joined Zim’s parent company in 2011, became the […]
Transportation 2023: KEITH HALL
Previously vice president of TForce’s field operations, Hall took over as president in June, after his predecessor, Paul Hoelting, retired. A Virginia Commonwealth University graduate, Hall started working for Overnite Transportation, which later became UPS Freight, more than 30 years ago. In 2021, Montreal-based TFI International purchased UPS’ less-than-truckload freight business for[...]
Transportation 2023: P. DALE BENNETT
Though he originally planned to pursue a law career, Bennett instead took a job for the predecessor organization of the Virginia Trucking Association. It was a job close to home for Bennett, whose father was a trucker for two decades. Nearly 40 years later, he continues to advocate for Virginia’s trucking industry. In 2019, Bennett […]
Transportation 2023: PETER LEVESQUE
Levesque, an international global supply chain executive with more than 30 years of industry leadership experience, assumed the presidency of both CMA CGM America and APL following Ed Aldridge’s December 2022 retirement. Levesque was previously president of Ports America and spent 25 years based in Hong Kong. He has held executive positions at international transportation, […]
Zim announces $30M expansion
Zim American Integrated Shipping Services Co. LLC will invest $30 million to expand its U.S. headquarters in Virginia Beach, creating several hundred jobs over the next five years, Gov. Glenn Youngkin announced Tuesday. The expansion includes a move from Norfolk, where the company has had its U.S. headquarters since 2001. Zim is a publicly-held subsidiary […]
New rules
In theory, the Ocean Shipping Reform Act (OSRA) would, among other things, help reduce inflation by adding transparency to container handling fees. In practice, though, it’s not that simple. When President Joe Biden signed OSRA into law in June 2022, he touted it as a weapon against shipping costs that had soared during the pandemic. […]
Fed Fifth District economy shrinks slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has contracted slightly since March, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions g[...]
Hampton Roads Shipping Association taps new president
The Hampton Roads Shipping Association has named Jeremy Bridges its new president, effective May 1. Bridges will succeed Roger Giesinger, who has led the nonprofit, Norfolk-based trade association for the past 28 years. Giesinger, who announced his retirement last year, will stay on as president emeritus for a brief transition period. Bridges comes to HRSA […]
