A report from BP said the United States increased oil
production by more than any other developed country in 2009, with most of these production gains coming from the Gulf of Mexico.
According to the annual report, Statistical Review of
World Energy 2010, the United States produced nearly
7. 2 million barrels of oil each day, a 7-percent increase
over 2008 totals. That was nearly enough to offset a
7.3-percent drop in production from the
Organization of Petroleum Exporting Countries
(OPEC). OPEC’s production decline was its largest
since 1983, BP said.
In introducing the report, Tony Hayward, BP’s
since-deposed group chief executive, was mindful of
the irony of the findings in light of BP’s continued
struggles to contain the massive oil spill in the Gulf.
The data on U.S. oil production are “not an excuse for
anything, but a piece of the reality in which we all
live,” he wrote.
Of the countries surveyed, only Brazil, Azerbaijan,
Ecuador, and Peru grew their oil production at a faster
clip than the United States did. But the production of
all four countries combined was barely more than half
that of the United States, the report found.
oh, the irony!
; Acclaimed in Ohio. Intelligrated has recently won a number
of local awards in its hometown of Cincinnati. The material
handling equipment manufacturer was named the 2010 Deal
Maker: Corporate Winner for its acquisition activity. It was also
honored as the 2010 MANNY Award: Top Growth Winner by
Cincy magazine, in recognition of its investment in the manufacturing industry within the Cincinnati metro area. In addition,
Intelligrated was recognized for the Cincinnati USA Partnership
for Economic Development’s Expansion Project of the Year.
accolades
; Exel-lent Service. Exel Transportation has earned the
Carrier of the Year award from Frito-Lay North America. Frito-Lay’s annual Carrier of the Year recognition is based on service, efficiency, cost control, ease of doing business, innovation, and feedback from the company’s field personnel.
; A Crowning achievement. The National Safety Council
has presented Crown Equipment Corp. with an Occupational
Excellence Achievement Award. The award was given to
Crown in recognition of the equipment maker’s safety
record.
ATC Technology Corp., a contract and reverse logistics company,
has agreed to be purchased by Genco Distribution System Inc.,
another contract and reverse logistics provider, for $512.6 million in cash, or $25 a share.
Following the acquisition, which is expected to close in the
fourth quarter, ATC would no longer be a publicly held company and instead would become a wholly owned subsidiary of the
privately held Genco. The transaction is subject to standard regulatory approvals, and ATC is free to solicit competing offers
until Aug. 17. The boards of both companies unanimously
approved the agreement, ATC said in a statement. Genco
declined comment on the transaction.
“Genco’s broad geographic footprint and service offerings will
enhance ATC’s current offerings to both current and potential
customers and create the potential for faster growth and
greater customer diversification than exists today as a stand-alone business,” Todd R. Peters, chairman and CEO of Downers
Grove, Ill.-based ATC, said in a statement.
Donald Rendulic, director, marketing and corporate communications for Pittsburgh-based Genco, said that if the transaction is consummated, Genco would benefit from ATC’s logistics
expertise in areas like hand-held devices, consumer electronics,
and the automotive aftermarket, especially in the drive train category. ATC would also bring strengths in kitting, co-packing, and
fulfillment that Genco currently lacks, Rendulic said.
Genco to buy ATC Technology
; Certified pro. The International Warehouse Logistics
Association (IWLA) has awarded the Certified Logistics
Professional designation to Douglas Chaney. Chaney is the
founder, president, and CEO of Distribution Center Logistics
Inc., headquartered in Hutchins, Texas. The designation was
created by IWLA to set standards of excellence and promote
professionalism throughout the 3PL industry.
; Rydin’ high. Ryder
System Inc. has received
Delphi’s 2010 Above &
Beyond award. Throughout this past year, Ryder
worked to drive down
costs and improve service for Delphi at its
Laredo and El Paso,
Texas, cross-dock operations. Ryder was one of 10 suppliers from five countries recognized by Delphi, a supplier of electronics and technologies
for the automotive and commercial vehicle markets.
