Industry News

Lennox International Inc. announced the appointment of Max H. Mitchell as a member of its board of directors, effective September 16, 2016. Mitchell is President and Chief Executive Officer of Crane Co., a diversified manufacturer of highly engineered industrial products. "We're excited to welcome Max as a member of the board of directors of Lennox International," said Todd Bluedorn, Lennox International's chairman and chief executive officer."/>
Lennox International appoints Max H. Mitchell to board of directors
Navios Maritime Holdings Inc. announced today that it entered into a $70.0 million secured loan facility maturing in November 2018. The Loan Facility provides the Company with additional financial flexibility for working capital including the repurchase of debt and/or equity securities.. The Loan facility bears interest of 8.75%, compounded semi-annually, and is secured by all of the Company's interest in Navios Maritime Acquisition Corporation,..."/>
Navios Maritime Holdings Inc. Obtains $70 Million Secured Loan
Sino-Global Shipping America, Ltd., a non-asset based global shipping and freight logistic integrated solution provider, today announced its financial and operating results for the year ended June 30, 2016. The Company has also provided extensive industry information on its Form 10- K filed this afternoon, and management encourages investors to review the document for both background on Sino-Global's business and history as well as..."/>
Sino-Global Announces 2016 Year End Financial Results
Orion Energy Systems, Inc., a leading designer and manufacturer of high-performance, energy-efficient retrofit lighting platforms, filed a complaint in the United States Eastern Wisconsin District Court against Energy Bank, Inc. of Manitowoc Wisconsin for alleged patent infringements and unfair competition under the Lanham Act. Orion has an extensive patent..."/>
Orion Energy Systems Files Complaint Against Energy Bank Alleging Patent Infringement
Navios Maritime Acquisition Corporation, announced today that it has agreed to provide a $70 million secured loan facility maturing in November 2018 to Navios Maritime Holdings Inc... The Loan Facility bears interest of 8.75%, compounded semi-annually and is secured by all of Navios Holdings' interest in Navios Acquisition, composed of 65,301,220 shares of common stock and 1,000 preferred shares and 78.5% of Navios Holdings’ interest in Navios South..."/>
Navios Maritime Acquisition Corporation Provides a Secured Loan of $70 Million to Navios Holdings Inc.
SP Plus Corporation,, a leader in parking management, ground transportation and ancillary services, today announced it has assumed management of the Millennium Garages in downtown Chicago.. SP+— the largest parking company in North America— now operates the 3.8 million-square-foot parking system containing 9,176 parking spaces spread throughout four garages. The garages are located underneath Chicago’ s Millennium, Grant and Maggie Daley Parks."/>
SP+ Commences Management of Largest U.S. Underground Parking System
FedEx Express, FedEx Ground and FedEx Freight, subsidiaries of FedEx Corp., will increase shipping rates effective January 2, 2017.. FedEx Express will increase shipping rates by an average of 3.9% for U.S. domestic, U.S. export and U.S. import services. FedEx Ground and FedEx Home Delivery will increase shipping rates by an average of 4.9%."/>
FedEx to Increase Shipping Rates for Express, Ground and Freight Services
Wabash National Corporation, a diversified industrial manufacturer and North America’ s leading producer of semi-trailers and liquid transportation systems, today announced the appointment of Brent Yeagy as President and Chief Operating Officer. Yeagy was named to the Board of Directors of the corporation. Both appointments are effective on October 1, 2016.."/>
Wabash National Corporation Announces Appointment of Brent Yeagy as President and COO and as a Director of the Company
HNI Corporation announced today that revenue and earnings for the third quarter and fiscal year 2016 are expected to be below the Corporation's previous outlook. Demand in the office furniture and hearth segments is expected to be lower than previously forecasted. Office furniture business sales will be lower than expected due to overall softer than anticipated demand, subdued small business confidence and lower than anticipated..."/>
HNI Corporation Updates Earnings Guidance For Third Quarter And Fiscal Year 2016
Hill International, the global leader in managing construction risk, announced today that it has settled a lawsuit commenced by Bulldog Investors, LLC in the Delaware Court of Chancery in connection with Bulldog’ s proxy contest related to Hill’ s 2016 Annual Meeting of Stockholders. Among other things, the settlement provides that the Annual Meeting is deemed to have been held on its originally scheduled date of August 11th and that Bulldog’ s director..."/>
Hill International Settles Proxy Dispute with Bulldog Investors
Algoma Central Corporation announced today that the Martindale Business Centre in St. Catharines and the three office buildings of 408, 410 and 412 Albert Street located within the "Waterloo Technology Campus" have sold for total proceeds of $36.8 million. "We are very pleased to close on both the Martindale Business Centre in St."/>
Algoma Central Corporation Announces Sale of Two Properties in their Real Estate Portfolio
Harsco Corporation’ s Metals& Minerals division today announced the multi-year extension– and expansion– of its onsite mill services to CAP Huachipato, Chile’ s largest steelmaker. Valued at approximately $40 million over its duration, this seven-year agreement calls for the continuation of Harsco’ s core mill services for metal recovery and meltshop support, and adds a number of new services including scrap management. Harsco has provided continuous..."/>
Harsco Expands Mill Services Contract With Chile’s Largest Steelmaker
Equifax Inc. today announced that G. Thomas Hough has been elected to the Board of the Directors effective October 1, 2016. He will also serve on the Board's Audit and Technology Committees. Hough's election, the Equifax Board will consist of 11 directors, including 10 independent directors."/>
Tom Hough Elected to Equifax Board of Directors
Rand Logistics, Inc., a leading provider of bulk freight shipping services throughout the Great Lakes region, announced that its previously laid up Canadian-flagged conventional bulk carrier, the M/V Ojibway, returned to service on September 12, 2016 to support new business contracts resulting from the strong Canadian grain harvest.. “We are very pleased to bring the Ojibway back into service for the remainder of the 2016 sailing season."/>
Rand Logistics Announces M/V Ojibway Returns to Service to Support Canadian Grain Harvest
A. O. Smith Corporation and The Water Council have selected SofTap Water Inc. of Cincinnati, Ohio as the 2016 winner of the BREW Corporate: Powered by A. O. Smith challenge. SofTap Water's unique water-softening technology utilizes a proprietary, passive filtration system to remove dissolved calcium and magnesium bicarbonates that form scale in drinking and industrial water systems. In addition to softening, this technology also provides..."/>
A. O. Smith, The Water Council announce BREW Corporate technology challenge winner
Blue Square Real Estate reports today that Midroog has raised its rating for the company to A2.il with a stable outlook. Among the reasons for the upgrade are the transfer of branches leased to supermarket chain Mega to various parties, chiefly retail company Yeinot Bittan, which took over Mega's leases on identical terms, and the occupation of former You branches by various retailers, which improved the diversity of the company's lessees, reducing exposure to any..."/>
BRIEF: Midroog upgrades Blue Square Real Estate [Globes, Tel Aviv, Israel]
Norfolk Southern Corporation today marked the first anniversary of its purchase of Delaware& Hudson Railway Co.' s line between Sunbury, Pa., and Schenectady, N.Y., by highlighting improved customer service and infrastructure investments NS has made to the corridor. "We set out to improve our competitive transportation offerings between Pennsylvania, New York, and New England, and I'm proud to say Norfolk Southern is well on its way to achieving..."/>
Norfolk Southern highlights investment, improved customer service on first anniversary of Delaware & Hudson Line purchase
WABCO Assembly& Distribution Facility, a single-story, 145,200- square-foot, Class A assembly, distribution, and R&D facility located within the Whitfield Corporate Park in North Charleston, South Carolina. The Property is leased in its entirety to WABCO Air Compressor Holdings Inc., with a guarantee from WABCO Holdings..."/>
Griffin Capital Essential Asset REIT II Acquires the WABCO Assembly & Distribution Facility in North Charleston, South Carolina

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