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Ozburn-Hessey Logistics (OH Logistics) announced the addition of another multi-client facility to its over 21 million square foot network. This nearly half-a-million-square-foot facility is located in Winchester, VA with service from the Virginia Inland Port located in Front Royal.
Vladimir Yakunin, the President of the Russian Railways, informed about it. It is planned to carry out IPO of the created “daughter” at the Russian stock exchange a year later after the creation of the company, and one and a half year later - abroad, most probably, as Vladimir Yakunin said, at London stock exchange.
Both Companies Expand in Southern California
Ozburn-Hessey Logistics (OH Logistics) and Cypress Medical Products, LP joined forces to meet the growing distribution needs of the medical supply manufacturer. Based in Illinois, Cypress Medical serves numerous medical markets using an extensive North American distributor network.
3PL Adds Customs Brokerage, Freight Forwarding, Transportation and Technology ServicesOzburn-Hessey Logistics (OH Logistics) announced the acquisitions of Barthco International, Freightek, Inc. and Turbo Logistics. Barthco provides international freight forwarding and customs brokerage; Freightek develops, supports and markets international trade software for broker/forwarder operations and Turbo is a transportation broker and solutions provider.
Ozburn-Hessey Logistics (OH Logistics) recently added Steel City Tool Works to its client list. The woodworking machinery manufacturer headquartered in Murfreesboro, TN, is operating in approximately 35,000 square feet in one of OH Logistics' La Vergne, TN, facilities.
Port Board says “yes” to a solar supply and license agreement with SunEdison The Oakland Board of Port Commissioners (Port Board) authorized the Port’s executive director to enter into the Port’s first solar energy purchase agreement Tuesday, June 6, 2006 at the Port board meeting. Port Board President Kenneth S. Katzoff said, “This public/private partnership is an innovative approach to providing some of the Port’s energy needs and demonstrates our continuing commitment to environmentally responsible decisions.” In July 2004, the Port Board established a Renewables Portfolio Standard (RPS). The RPS requires that by 2017, 20 percent of the electricity purchased for resale by the Port comes from renewable energy sources.
Announces Agreement With Wolverine Power for a Potential Base Load Power Plant at Michigan QuarryOglebay Norton Company (OTC: OGBY.PK) announced that it has signed a definitive purchase agreement to sell six of its nine marine vessels. The agreement includes long- term contracts for transporting limestone from the company's Michigan quarries. Closing of the sale is subject to regulatory clearance; therefore, terms of the agreement have not been disclosed. In addition, the company stated that it intends to sell its remaining three vessels and is in negotiations with a potential buyer.
Opening the oil transhipment terminal at Uyar station will give Russian Railways over 15 billion roubles additional revenue from transporting oil.Vadim Morozov, first Vice-President at Russian Railways, was visiting Krasnoyarsk Railways, a division of Russian Railways. “With the opening of the oil transhipment terminal at Uyar station on 1 April 2006, the volume of freight shipped on Krasnoyarsk Railways this year will increase by 14.4% and freight turnover by 2.5 billion tonnes-kilometres, 3.5% above the figure for 2005,” said Morozov. Source: Press Release
Strategic Expansion Continues At Rapidly Growing 3PLWith a pace even quick for the fast moving logistics industry, Ozburn-Hessey Logistics has expanded its market presence. OH Logistics has announced the addition of seven senior business development leaders, with the appointments going to some of the industry's most successful executives. This latest round of additions follows previous announcements of numerous management and senior management appointments since Welsh, Carson, Anderson & Stowe, a New York-based private equity investor, acquired a majority stake last year.