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Ultra Logistics announces new VP sales

BY CSA STAFF

Fair Lawn, N.J. Ultra Logistics, a third-party logistics provider, announced the appointment of Barry Alexander as VP sales.

With more than 20 years working in the transportation industry, Alexander has proven success helping shippers find solutions to complex supply chain challenges. His operational experience at RPS (now FedEx Ground) provided him with insights into the daily challenges faced by shippers and provided a foundation for him to build on. After his seven-year tenure with RPS, Barry spent 13 years with Landstar Systems where he successfully implemented effective supply chain strategies for industry leading shippers.

“In our search for a vice president of sales, we were looking for an experienced individual who could introduce new clients to our expanding portfolio of services. We needed a candidate who has a strong grasp on the complete supply chain including transportation, TMS and network optimization. We want to ensure we’re helping customers improve execution and contain costs by providing strong top level management support. Barry’s experience and understanding of every level of the supply chain process will certainly help us accomplish these goals”, says Nicholas Carretta, president, Ultra Logistics.

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Toys’R’Us expands Express initiative for 2010 holiday season

BY CSA STAFF

WAYNE, N.J. Following the successful pilot program of its pop-up stores last year, Toys“R”Us announced Thursday the expansion of its Toys“R”Us Express stores, with plans to operate 600 locations in malls and shopping centers nationwide during the 2010 holiday season.

The major expansion of the Toys“R”Us Express initiative will double the number of Toys“R”Us locations available for holiday shopping needs, the company said. Last year, the company operated its first pop-up stores with nearly 90 Toys“R”Us Express locations across the country, many of which have remained open through 2010.  This year, Toys“R”Us will open more than six times the amount of these approximately 4,000-sq.-ft. locations.

“By doubling the number of Toys“R”Us locations nationwide, now more than ever we will be available when and where customers want to shop with us this holiday season,” said Jerry Storch, chairman and CEO, Toys“R”Us. “We are pleased that this significant expansion of our Toys“R”Us Express initiative also creates thousands of new jobs beyond our usual seasonal workforce build.”

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Target declares quarterly dividend

BY CSA STAFF

MINNEAPOLIS Target’s board of directors declared a quarterly dividend of 25 cents per share, payable Dec. 10 to shareholders of record Nov. 20.

The fourth quarter dividend will be the company’s 172nd consecutive dividend paid since October 1967 when the company became publicly held.

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