financial
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International authority to oversee construction on public Windsor-Detroit bridge: feds announce
WINDSOR, Ont.–Today, the Honourable Lisa Raitt, Canada’s Minister of Transport and Michigan Governor Rick Snyder announced appointments to the International Authority which will oversee the construction of the new publicly-owned bridge between Windsor, Ontario and Detroit, Michigan. Kristine Burr and…
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E-Commerce drives UPS 2Q shipments up 7.2%
ATLANTA, Ga.– E-commerce shipping in the US and strong international export growth are contributing to a 7.2% increase in global package shipments for UPS, the company announced. US domestic revenue increased 5.2% to $8.7 billion. Daily package volume improved 7.4%,…
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TransForce signs agreement to acquire Contrans Group Inc.
MONTREAL, Que. and WOODSTOCK, Ont.–TransForce Inc. and Contrans Group Inc. have entered into a support agreement for the acquisition by TransForce, for $14.60 in cash per share, of all of the issued and outstanding Class A subordinate voting shares and…
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John F. Fay Named CEO of INTTRA
PARSIPPANY, NJ–INTTRA has announced that John F. Fay has joined the company as Chief Executive Officer, effective immediately. Fay brings with him vast experience in transforming and growing global technology and information services businesses, most recently as senior managing director…
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CLX Logistics promotes Darren Conner to Director of operations, managed services
BLUE BELL, Pa.– CLX Logistics LLC has promoted Darren Conner to the position of Director of Operations for Managed Services. In his new role, Mr. Conner now leads the Managed Services Truck and Rail Teams in the ongoing support of…
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Bracewell Marine Group awarded tug construction contract
VANCOUVER, B.C.–Ledcor’s Marine Division announced it has awarded the construction of two A.G. McIlwain-designed tugs to Bracewell Marine Group Ltd. The two tugs will be built concurrently at the Bracewell shipyard facility at Shelter Island Marina located on the South…
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UPS gives $1 million to United Way
MISSISSAUGA, Ont.–UPS Canada raised over $1 million in 2013 across the country towards the United Way, the company announced. UPS was honoured with United Way Centraide Canada’s national ‘Thanks a Million’ award, presented at the United Way of Burlington &…
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Lufthansa Cargo increases load factor
FRANKFURT, Ger.–Lufthansa Cargo is keeping a focus on flexible capacity management, flying well-laden aircraft in the first six months of the year, the company reported. The market environment remained challenging in the second quarter of 2014. However, Lufthansa Cargo increased its load factor…
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Canadians often aggressors in merger & acquisitions; buy more foreign companies than sell to others: report
TORONTO, Ont.–Canadians firms have been buying a higher number of foreign-owned businesses over the past 10 years, says the new president of M&A International, Howard E. Johnson. Canadians acquired 4,787 foreign-owned businesses between 2004 and 2013 whereas only 3,544 foreign-owned…
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Audit survey identifies stakeholder expectations in T&L audit process, among other industries
NEW YORK, NY–PwC has released industry-specific findings from its 2014 State of Internal Audit Profession survey for the Industrial Products sector (A&D, chemicals, metals, industrial manufacturing, transportation & logistics and engineering & construction). Of the overall survey, PwC polled 375…