Joe FergusonThe Better Business Bureau in Chattanooga will honor former EPB Chairman Joe Ferguson at its 22nd Annual Golf Classic on Sept 25 at the Windstone Golf Club.
The biggest fundraiser of the year for the local BBB chapter is recognizing Ferguson for his many years of support and contributions to the marketplace and community, BBB President Jim Winsett said.
“Joe has been a visionary and innovator for the manufacturing and utility industries throughout his career,” Winsett said. “His company leadership embraced quality products, innovation and employment diversity.”
The Better Business Bureau serving Southeast Tennessee and Northwest Georgia includes about 2,000 members and works to promote fair and ethical business practices and dealings in the marketplace.
Chattanooga-based Kenco ranks among top logistics companies
Kenco Logistics, a Chattanooga-based warehousing and third-party logistics provider, was recognized as the nation’s fifth best 3PL company by the trade publication InBound Logistics in the magazine’s 3PL Excellence Awards.
Inbound Logistics surveyed its subscribers to identify industry leaders based upon capabilities and service performance. Kenco has been included as a Top 10 3PL for the past seven years, and Kenco’s current ranking was the highest so far.
“We are honored to once again be recognized as an industry leader,” said Denis Reilly, president and CEO of Kenco Logistics. “Our inclusion and higher ranking reflect the depth and breadth of Kenco’s turnkey solutions and our commitment to delivering great service to our customers.”
In the past year, Kenco has enhanced its operations and recently announced it is growing its Innovation Lab, which now includes a dedicated physical warehouse space to serve as a test facility for valued-added technologies.
Leslie Kahana buys group of Carolina newspapers
Leslie Kahana is the new owner of Lake Norman Publications, a group of suburban Charlotte, North Carolina newspapers, according to the company’s Herald Citizen.
The purchase from Wisconsin-based American Hometown Publishing, which closed last week, comes four months after Kahana took a position as publisher at the company.
Lake Norman Publications is headquartered in Huntersville and has three weekly papers: the Herald Citizen, which covers northern Mecklenburg County communities; the Mooresville Citizen, in Iredell County; and the Denver Citizen, which covers part of Lincoln County. LNP’s Mountain Island Monitor is a monthly whose coverage area includes parts of Mecklenburg and Gaston counties. The four papers have a combined circulation of 54,000.
Kahana is a Michigan native who came on board with Lake Norman Publications in the spring after more than 10 years as director of advertising at the Chattanooga Times Free Press.
Shaw Industries Group ranked 17th on Selling Power magazine’s list
Shaw Industries Group Inc. recently earned national recognition, ranking No. 17 on Selling Power magazine’s 50 Best Companies to Sell For list.
Shaw is the only flooring manufacturer to be ranked on the list.
“Being ranked as one of the ’50 Best Companies to Sell For’ continues to validate our approach to provide ongoing learning and growth opportunities for our sales professionals to help them thrive in today’s marketplace,” said Mike Fromm, chief human resources officer at Shaw.
Shaw, the world’s biggest carpet maker headquartered in Dalton Georgia, employs approximately 1,200 sales associates around the globe.
Aetna deal benefits CVS quarterly profits
CVS Health swung back to a profit in the second quarter, thanks to an influx of health insurance revenue, and the company raised its 2019 forecast beyond Wall Street expectations.
Shares of the drugstore chain and pharmacy benefit manager outpaced the broader market in Wednesday trading after the company detailed its better-than-expected quarterly performance.
Total revenue climbed over 35% to $63.43 billion in the three-month period that ended June 30, helped by a $17-billion contribution from a new health benefits segment.
CVS Health completed a roughly $69-billion acquisition of the insurer Aetna last November, adding coverage for nearly 23 million people to a corporate profile that already includes one of the country’s largest drugstore chains and pharmacy benefit management businesses.
That deal, part of which is still being reviewed by a federal judge, helped CVS health bring in $1.94 billion in net income after booking a loss in last year’s quarter due to a big charge from its long-term care business.