Automotive Distributing Co. recently made a $1.8 million purchase for the 81,000+-sf former Herff Jones building in the Scott Technology Park. Ellen Raineri adeptly managed the details of this complex property with out-of-state owners, out-of-state attorneys, out-of-state buyers, local attorneys, property managers, liquidators, roofers, IT technicians, and personnel within the…
The long-awaited trucking recovery has delivered for the transportation manufacturing sector. Truck orders for Class 8 trucks hit a 5 year high in March with net orders up almost 160% y/y. Truck maker Daimler’s (manufacturer of Freightliner trucks) Q1 sales rose over 25% and profit tripled. Volvo recently announced that…
YRCW announced that it has firmed up its restructuring plans, and investors ran for the doors. But the deal has some upside for the struggling LTL. YRCW, technically in default under its credit agreements, announced that it had fallen short of the goals it announced after it won additional concessions…
