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Fed’s Fifth District economy expands slightly
Supply chain disruptions, backlogs easing
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has expanded slightly since October, according to the latest
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Fifth District economy little changed since August, Fed says
Demand for several sectors drops in face of inflation
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The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been largely unchanged since August, according to the
CV International subsidiary acquires Ga. shipping company
Capes Shipping Agencies purchased Ryan Ship Services
Published
Norfolk-based CV International Inc. subsidiary Capes Shipping Agencies announced Wednesday that it had acquired Savannah, Georgia-based Ryan Ship Services LLC. Financial terms of the transaction were not disclosed. “This merger
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Fifth District economy growth is moderate, Fed says
Rising fuel prices, labor and supply shortages limit growth
Published
The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) continued to grow moderately despite supply chain issues, labor shortages and rising prices, according to
Roanoke-based TMEIC Corp. Americas buys Spanish division
Orbita's ports division transferred April 1
Published
The Roanoke-based subsidiary of crane automator Toshiba Mitsubishi-Electric Industrial Systems Corp. has completed the acquisition of Spanish maritime terminal business Orbita Ingeniería S.L.’s ports and terminals division, as of April
Fifth District economy has moderate growth, Fed says
Shortages in labor and supply continue to hamper growth
Published
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
Manifest destiny
Port continues cargo growth under new leadership
Published
Taking on a new job during a pandemic could spell rough waters, particularly if the job relies on global commerce. But the past eight months largely have been smooth sailing
Transportation
Maritime | Ports | Logistics
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ED ALDRIDGE PRESIDENT, CMA CGM AMERICA LLP AND APL NORTH AMERICA, NORFOLK Aldridge took over as president of CMA CGM America in June 2020, and he has served as president
Fed says Fifth District economy growing moderately
Companies see increased demand but continuing labor shortages
Published
, the Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been seeing moderate economic growth in recent weeks, according to the latest edition
Norfolk shipping, logistics company to create 400 jobs through $36M expansion
CMA CGM Group to also create startup incubator in Arlington County
Published
Shipping and logistics company CMA CGM Group will keep its North American headquarters in Norfolk and invest $36 million to expand its Hampton Roads and Northern Virginia operations, creating more