Supply chain management

Port Houston Weathers Historic Winter Storm

Thursday, February 25, 2021 - 1:29am

The Port Commission of the Port of Houston Authority met virtually in regular session on Tuesday, following the unprecedented winter storm that hit Texas last week.

Key Points: 
  • The Port Commission of the Port of Houston Authority met virtually in regular session on Tuesday, following the unprecedented winter storm that hit Texas last week.
  • View the full release here: https://www.businesswire.com/news/home/20210224006211/en/
    Bayport Container Terminal - Port Houston temporarily suspended operations at its eight public terminals due to historic sub-freezing temperatures in Texas.
  • (Photo: Business Wire)
    Many Texans, including Port Houston employees and partners, suffered from the loss of electricity, heat, and water and damage to their homes during the record-breaking sub-freezing temperatures, as Port Houston suspended operations temporarily at its public facilities.
  • Roughly 80% of Port Houston employees experienced impacts from the winter storm, according to an internal survey.

Arconic Announces Pricing of Additional Notes Offering

Wednesday, February 24, 2021 - 10:33pm

Arconic Corporation (NYSE: ARNC) (Arconic or the Company) announced today the pricing of its offering of an additional $300 million aggregate principal amount of the Companys 6.125% Senior Secured Second-Lien Notes due 2028 (the Additional Notes).

Key Points: 
  • Arconic Corporation (NYSE: ARNC) (Arconic or the Company) announced today the pricing of its offering of an additional $300 million aggregate principal amount of the Companys 6.125% Senior Secured Second-Lien Notes due 2028 (the Additional Notes).
  • The Additional Notes will be issued at an offering price of 106.25% of the principal amount thereof, plus accrued interest from February 15, 2021.
  • The Additional Notes will be issued under the indenture governing the Company's existing 6.125% Senior Secured Second-Lien Notes due 2028 (the Existing Notes).
  • Any offers of the Additional Notes or related guarantees are being made only by means of a private offering memorandum.

CRN Names BetterWorld Technology to 2021 MSP 500 List in the Pioneer 250 Category

Wednesday, February 24, 2021 - 9:20pm

RESTON, Va., Feb. 24, 2021 /PRNewswire/ -- BetterWorld Technology today announced it has been named to CRN's Managed Service Provider (MSP) 500 list as one of the MSP Pioneer 250.

Key Points: 
  • RESTON, Va., Feb. 24, 2021 /PRNewswire/ -- BetterWorld Technology today announced it has been named to CRN's Managed Service Provider (MSP) 500 list as one of the MSP Pioneer 250.
  • In today's world of outsourced IT, the expertise of MSPs has become increasingly important to organizations.
  • To help facilitate companies' selection and adoption of managed services and providers, CRN, the leading media outlet for technology solution providers, has identified the top 500 MSPs.
  • said James F. Kenefick, Chairman, BetterWorld Technology.

Packaging Corporation of America Declares Quarterly Dividend

Wednesday, February 24, 2021 - 10:00pm

Packaging Corporation of America (NYSE: PKG) announced today that its Board approved a regular quarterly dividend of $1.00 per share on its common stock.

Key Points: 
  • Packaging Corporation of America (NYSE: PKG) announced today that its Board approved a regular quarterly dividend of $1.00 per share on its common stock.
  • The quarterly dividend of $1.00 per share will be paid to shareholders of record as of March 15, 2021 with a payment date of April 15, 2021.
  • Future declaration of quarterly dividends and the establishment of future record and payment dates are subject to the final determination by PCAs Board of Directors.
  • PCA is the third largest producer of containerboard products and the third largest producer of uncoated freesheet paper in North America.

U.S. Xpress Enterprises Inc. Announces Virtual Conference Participation

Wednesday, February 24, 2021 - 9:10pm

Management is scheduled to present on Wednesday, March 3, 2021 at 9:10 a.m. (Eastern Time).

Key Points: 
  • Management is scheduled to present on Wednesday, March 3, 2021 at 9:10 a.m. (Eastern Time).
  • J.P. Morgan Industrials Conference to be held March 15-17, 2021.
  • Through its subsidiaries, U.S. Xpress Enterprises, Inc. (NYSE: USX), offers customers over-the-road, dedicated, and brokerage services.
  • U.S. Xpress implements a range of digital initiatives and technology to drive innovation in the industry, streamline the value chain for customers and improve the overall driver experience.

United Natural Foods to Release Fiscal 2021 Second Quarter Results on March 10, 2021

Wednesday, February 24, 2021 - 9:45pm

United Natural Foods, Inc. (NYSE: UNFI) will release financial results for its fiscal 2021 second quarter, ended January 30, 2021, the morning of Wednesday March 10, 2021.

Key Points: 
  • United Natural Foods, Inc. (NYSE: UNFI) will release financial results for its fiscal 2021 second quarter, ended January 30, 2021, the morning of Wednesday March 10, 2021.
  • Management will host a conference call that morning at 8:30 a.m.
  • To access the conference call, please dial (877) 682-3423 (U.S. toll-free) and reference conference ID number 3179215.
  • An audio webcast of the conference call, and materials referenced during the call, will be available via the Investors section of the Company's website www.unfi.com .

J.B. Hunt Transport Services, Inc. Announces Participation in Raymond James 2021 Institutional Investors Conference

Wednesday, February 24, 2021 - 8:33pm

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) Chief Operating Officer and President of Contract Services Nick Hobbs and Chief Financial Officer and Executive Vice President of Finance John Kuhlow will address the Raymond James 2021 Institutional Investors Conference at 8:20 a.m. eastern time on Wednesday, March 3, 2021.

Key Points: 
  • J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) Chief Operating Officer and President of Contract Services Nick Hobbs and Chief Financial Officer and Executive Vice President of Finance John Kuhlow will address the Raymond James 2021 Institutional Investors Conference at 8:20 a.m. eastern time on Wednesday, March 3, 2021.
  • Interested investors not attending the conference may listen to the presentation via a webcast found on the newsroom section of J.B. Hunts website at www.jbhunt.com .
  • J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America.
  • J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average.

Clean Energy Appoints Thomas Maurisse to Board of Directors

Wednesday, February 24, 2021 - 6:39pm

has changed one of its designees to the companys Board of Directors.

Key Points: 
  • has changed one of its designees to the companys Board of Directors.
  • Effective immediately Thomas Maurisse, Senior Vice President LNG for Total SEs Gas, Renewables & Power, has been appointed to the Board of Directors to replace Philippe Montantme, who had served on the Board of Directors since September 2018.
  • View the full release here: https://www.businesswire.com/news/home/20210224005917/en/
    As a highly respected and seasoned executive with significant experience in renewable fuels, we look forward to Thomas engagement and assistance in guiding our objectives," said Clean Energy Board of Directors Chairman Stephen Scully.
  • "I am really proud to join the Clean Energy Board of Directors as the company continues to make great strides in its renewable natural gas business," stated Mr. Maurisse.

Hemp Technology Inc. Announces Name Change to "RCMW Group, Inc.", Stock Symbol Change and Reverse Stock Split

Wednesday, February 24, 2021 - 5:44pm

Effective February 24, 2021, the Company's shares have been reversed at a ratio of 1-for-4500, at which time the company's common stock will trade thereafter on a post-split adjusted basis.

Key Points: 
  • Effective February 24, 2021, the Company's shares have been reversed at a ratio of 1-for-4500, at which time the company's common stock will trade thereafter on a post-split adjusted basis.
  • We believe this will allow us better access to capital to fund our continued growth and acquisition opportunities," said Michael Shenher, Chairman and CEO.
  • The company has broad experience with manufacturing, supply chain networks and distribution frameworks in hemp and related product supply, and accessory supply.
  • Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable.