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J.B. Hunt to acquire Bassett Furniture subsidiary for $87M
A subsidiary of Lowell, Arkansas-based transportation company J.B. Hunt Transport Services Inc. has entered into a definitive agreement to acquire a subsidiary of Bassett-based home furniture manufacturer and marketer Bassett Furniture Industries Inc. for $87 million, the companies announced Monday. J.B. Hunt Transport Services&[...]
Elizabeth River Crossings announces CEO
Elizabeth River Crossings OpCo LLC (ERC) has promoted Anna Bonet to CEO, the company announced Wednesday. ERC finances, operates and maintains the Elizabeth River Tunnels from Portsmouth to Norfolk. Bonet joined ERC as deputy CEO in September 2021 and worked with former CEO David Sullivan, who announced his retirement last week.[...]
Wiedefeld announces retirement as Metro CEO
Paul J. Wiedefeld, the general manager and CEO of the Washington Metropolitan Area Transit Authority, plans to retire in six months, the transit authority board chairman announced Tuesday. Wiedefeld was hired in November 2015 to lead the authority, which manages the Metrorail and Metrobus transportation systems in the Washington[...]
Elizabeth River Crossings CEO announces retirement
Elizabeth River Crossings OpCo LLC (ERC) CEO David Sullivan announced his retirement, effective Jan. 21. ERC finances, operates and maintains the Elizabeth River Tunnels. A new CEO will be named next week. ERC owners Abertis Infraestructuras S.A. and Manulife Investment Management named Sullivan CEO in January 2021. He had previ[...]
Fifth District economy has moderate growth, Fed says
The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) saw modest growth but was constrained by supply issues and labor shortages, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. The Beige Book is published eight [...]
Q&A: Quebec official discusses Va. trade mission
Quebec’s delegate general in New York, Martine Hébert, visited Virginia this week on a trip to strengthen economic relations between her province and the commonwealth. Appointed in August by Quebec Premier François Legault and based out of New York, Hébert is responsible for promoting the province’s economic inter[...]
Trucking on: How truckers are battling historic labor shortage
RICHMOND — From hand sanitizer and vaccines to groceries and toilet paper, truck drivers are trucking through the COVID-19 pandemic despite a historic labor shortage. Many industries moved workers home during the start of the pandemic, but truckers worked “to meet the needs of this country.” “The trucking industry has st[...]
Coalfield Expressway could have $12.8B impact, study says
The cumulative economic impact of the Coalfields Expressway (CFX) during a 50-year span is estimated to be $12.8 billion in 2021 dollars, according to a study by Richmond-based Chmura Economics & Analytics presented Tuesday. The CFX is a proposed limited-access highway that would run through Southwest Virginia and southern West Virginia. It is designated as […]
Metro to keep reduced service levels through end of year
Metro customers will see reduced rail service through the end of the year, the Washington Metropolitan Area Transit Authority announced Monday. The transit system authority attributed the disruption to its 7000-series fleet, the newest rail cars, still being out of service. These trains make up much of Metro’s fleet but ha[...]
MWAA creates diversity, inclusion, social impact VP post
The Metropolitan Washington Airports Authority, which oversees the Reagan Washington National Airport and Washington Dulles International Airport, created a new Office of Diversity, Inclusion and Social Impact on Wednesday, to be led by Tanisha Lewis, a 21-year veteran of the authority. Lewis was named the authority’s firs[...]
Va. expands Elizabeth River Tunnels toll relief program
The commonwealth of Virginia and Elizabeth River Crossings OpCo LLC have partnered to expand the Toll Relief Program, Gov. Ralph Northam announced Monday. Elizabeth River Crossings, partly owned by Spanish company Abertis Infraestructuras S.A, owns Elizabeth River Tunnels, and the program, which was established in 2016, will red[...]
Questioning the daily grind
Before last year’s pandemic shutdowns, 24-year-old Julia Swanson had been commuting from Newport News to her job as a civil engineer for the Virginia Beach office of Kimley-Horn, a national engineering firm headquartered in North Carolina. It could take 35 minutes to an hour and a half traveling only one way, and Swanson s[...]
