Briefs

Briefs

Copyright 2003, Traffic World, Inc.

Time-critical logistics solutions provider Velocity Express completed a $74 million equity and debt refinancing deal. The organization, which currently delivers over 300,000 packages per day for customers in various industries including automotive and retail, is now positioned for growth, said Chairman and CEO Vincent A. Wasik.

The FKI Logistex organization, a supplier of integrated material handling solutions, signed contracts totaling $13.27 million to automate a new distribution center and expand the automation of two existing centers for Michaels Stores, the world''s largest retailer of arts and crafts supplies. The 690,000-square-foot distribution center, located in New Lenox, Ill., primarily will serve the retail chain''s Midwestern region. It also will enable the company''s continued growth by providing additional high-speed order fulfillment and distribution capacity for its existing distribution network.

TV shopping channel HSN entered into a multiyear agreement with UPS to streamline and re-engineer its entire fulfillment and supply-chain operations. UPS Supply Chain Solutions is providing supply-chain planning, freight transportation and brokerage services for ocean, air and ground shipments of inventory from around the world. HSN also is using UPS''s package delivery network to cut delivery times by an average of two days.

Con-Way Logistics, the warehousing and logistics arm of Con-Way Transportation Services Inc., has been contracted by Peterson Pacific Corp., distributor of wood processing and recycling equipment, to provide pick-and-pack services and ship critical spare parts to Peterson dealers and customers across North America. As part of the contract Con-Way will cover 95 percent of California with a next-day delivery service. The work will be managed out of Con-Way''s Mira Loma, Calif., logistics center.

Outsourcing specialist PFSweb Inc. is providing Shell Energy Services Co. with order management, e-commerce, call center and fulfillment services for Shell HomeGenie, an integrated home management system that allows consumers to monitor their homes and control select appliances at any time from anywhere. Under the agreement PFSweb will design, build and manage the e-commerce portion of the Shell HomeGenie website (shop.ShellHomeGenie.com), planned for launch in North America in 2004. Also part of the outsourcing contract are order management functions that will be provided through distribution and call centers in Memphis, Tenn., and Plano, Texas.

Advantage Logistics, the 3PL launched earlier this year by supermarket chain Supervalu Inc., is providing third-party logistical services for the Kroger Co.''s dry grocery distribution center in Denver. The contract is part of an earlier transaction, which included the sale of four Cub Foods stores and the Aurora distribution center to Kroger. The 350,000-square-foot distribution center, currently operated by Compass Logistics, supports Kroger''s King Soopers and City Market stores throughout the region. The transition is expected to occur within 60 to 90 days.

Philadelphia-based logistics services organization Stonepath Group is acquiring a 55 percent interest in Shanghai-based Shaanxi Sunshine Express International Co. Established in 1993, the business provides a wide range of customized transportation and logistics services and supply-chain solutions including global freight forwarding, warehousing and distribution, shipping services and special freight handling. Once completed, the acquisition will facilitate Stonepath''s expansion in China. The transaction is valued at $11 million.

Hard Rock Caf? International Inc. has selected Kuehne & Nagel''s wholly owned subsidiary USCO Logistics to implement a North American supply-chain management solution supporting the distribution and replenishment of collectible and fashion merchandise sold in its cafes, hotels and casinos. USCO Logistics will manage distribution of soft lines (T-shirts, etc.) and hard lines (glasses, pins, etc.) to more than 47 Hard Rock cafes, hotels and casinos from its multicustomer distribution centers in Cerritos, Calif.; Plant City, Fla.; Louisville, Ky.; and Toronto, and through a fourth party in Mililiani, Hawaii.

Philadelphia-based BDP International helped deliver the largest video display of its kind in any major league baseball stadium. The display, which measures approximately 40 feet by 70 feet, is being installed in Citizens Bank Park, the new home of the Philadelphia Phillies. The installation is scheduled for completion early next year. BDP managed the delivery of the scoreboard from the manufacturer in Taiwan for Venue 1, a company that provides technology for sports and entertainment venues. The display was packaged in special liner bags to protect against corrosion in transit.