Arnold Industries Announces Executive Appointments At Logistics Unit.LEBANON, Pa.--(BUSINESS WIRE)--May 13, 1999-- Arnold Industries, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AIND) announced today two executive appointments at Arnold Logistics. Douglas B. Enck was named president of Arnold Logistics. Enck has been with the warehousing and logistics unit of Arnold Industries for 23 years and most recently served as vice president and general manager of Arnold Logistics. Enck is responsible for daily operations and the strategic development of distribution, warehousing, order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment , returns processing and contract packaging services. Lawrence W. Pechart, Jr. was named vice president of fulfillment services at Arnold Logistics. Prior to joining Arnold Logistics in 1994, Pechart was a distribution manager with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . Most recently Pechart served as director of fulfillment services at Arnold Logistics. Pechart is responsible for managing development of eCommerce solutions for mail-order catalog and Internet based retailers. Fulfillment operations include electronic processing of orders, managing the Arnold Logistics call center, inventory control and consumer-direct shipping. Fulfillment services represent 50% of revenues at Arnold Logistics. In announcing the appointments, Arnold Industries Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Edward H. Arnold said, "Over the past three years Doug Enck and Larry Pechart have been instrumental in Arnold Logistics achieving 59% growth in revenues and a 67% increase in operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. . "These executive appointments help position us for the future growth of Arnold Logistics as a premier provider of Internet-based eCommerce solutions for our customers." Arnold Logistics is a rapidly growing business unit of Arnold Industries Inc. (NASDAQ:AIND) that specializes in order fulfillment, distribution, returns processing and contract packaging services. Arnold Logistics has over 3.1 million square feet of warehousing space located in Pennsylvania, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and Texas and has been in operation for over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. . Arnold Industries is a transportation and logistics holding company. Business units include New Penn Motor Express, a Northeast regional next-day less-than-truckload carrier, Arnold Transportation Services, an irregular route and dedicated truckload carrier Merrian-Webster online dictionary defines truckload as " a load or amount that fills or could fill a truck". A truckload carrier is a trucking company that generally contracts an entire trailer-load to a single customer. and Arnold Logistics. Operating revenues totaled $404 million in 1998. For more information, please visit the Arnold Industries Web site at http://www.aind.com |
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