Mississippi Business Journal » distribution

County to buy abandoned warehouse, industrial property

Associated Press — Mon, 29 Apr 2013 16:37:20 +0000

NATCHEZ — Adams County has agreed to buy a 450,000-square-foot warehouse at the Natchez-Adams County Port. County board of supervisors President Darryl Grennell says the warehouse will help economic development in the area. The warehouse on the Mississippi River houses products loaded on and unloaded off barges. The port has operated the warehouse for Valley [...]

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Beer wholesaler becomes inaugural recipient of award

MBJ Staff — Wed, 20 Mar 2013 13:24:19 +0000

TUPELO — Mitchell Distributing Company was recognized by Anheuser-Busch InBev (ABI) as one of the top wholesalers in the country at the annual Wholesalers Excellence Meeting in Las Vegas. Mitchell Distributing was selected as an inaugural recipient of the Ambassadors of Excellence Award, an award granted to wholesalers who have earned “Top Performer” status for [...]

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Bankrupt company says it owes county nothing

Associated Press — Wed, 20 Mar 2013 11:48:19 +0000

MERIDIAN — The financial consultant brought into reorganize bankrupt Handy Hardware says the Texas company disputes a claim by the state of Mississippi that it owes $3.5 million to Lauderdale County. Handy Hardware President Morrie Aaron cites a 2009 memorandum of agreement that says Handy would not have to repay a federal Community Development Block [...]

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EastGroup’s profits soar due to warehouse deal

Associated Press — Wed, 13 Feb 2013 13:17:35 +0000

JACKSON — EastGroup Properties’ profit nearly doubled in the fourth quarter thanks to the sale of an Oklahoma warehouse. The real estate investment trust said Tuesday that quarterly profit rose to $12.2 million, or 41 cents per share. That’s up from $6.4 million, or 24 cents per share, in 2011′s fourth quarter. For all of [...]

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Entergy sees quarterly net income soar

Associated Press — Fri, 08 Feb 2013 16:11:37 +0000

NEW ORLEANS — Electric power company Entergy Corp.’s fourth-quarter net income nearly doubled helped by lower income tax expenses. The New Orleans-based utility earned $296.3 million, or $1.66 per share, in the three months ended Dec. 31, up from $154.1 million, or 87 cents per share, in the same quarter last year. Excluding one-time items, [...]

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Pharmaceutical distributor opens in The Accelerator

MBJ Staff — Tue, 29 Jan 2013 14:11:56 +0000

HATTIESBURG — Pharmaceutical distributor South Point Distributors, LLC has moved into The Accelerator at The University of Southern Mississippi. South Point is an international wholesale pharmaceutical supplier of legend drugs, over-the-counter drugs, generic-brand drugs and a variety of health care products. The company operates not only in Mississippi, but also in Florida and New Jersey, [...]

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Entergy in court in Vermont over nuclear plant

Associated Press — Mon, 14 Jan 2013 13:27:36 +0000

JACKSON — The question of whether Vermont’s only nuclear plant can continue operating without the approval of state regulators goes before a federal appeals court today in a dispute that has gained increasing attention nationally about the boundaries of federal authority over a controversial power source. Entergy Nuclear Operations Inc. brought the issue to court. [...]

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Consumer products company building warehouse

Associated Press — Wed, 09 Jan 2013 14:28:08 +0000

SOUTHAVEN — Consumer products company Helen of Troy will build a new $37-million warehouse in DeSoto County. The company, based in El Paso, Texas, already owns a 1.2 million-square-foot warehouse in Southaven. It will give up 700,000 square feet of leased space in Memphis, Tenn. Officials said Helen of Troy would create 300 jobs. It’s [...]

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Retailer signs warehouse lease; creating hundreds of jobs

MBJ Staff — Fri, 09 Nov 2012 17:54:23 +0000

OLIVE BRANCH — Philadelphia-based specialty value retailer Five Below has signed the lease for a new distribution center in Olive Branch. Terms were not disclosed. The 600,000-square-foot facility, located at 9105 Hacks Cross Road, is Five Below’s second distribution center and will allow the company to more quickly and efficiently supply stores in the South [...]

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Officials to gauge interest in container-on-barge services

MBJ Staff — Wed, 07 Nov 2012 15:30:37 +0000

TUPELO and MOBILE, Ala. — The Mississippi Department of Transportation (MDOT) is encouraging all interested stakeholders to attend two upcoming open house events sponsored by the Tenn-Tom Waterway Authority in Tupelo and Mobile, Ala. In an effort to generate interest from potential container-on-barge services for 2013, the Port of Mobile, Port of Itawamba along with Grow Ports and the [...]

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