Trucking firm opens W. Memphis facility
Werner Enterprises has opened a $2.1 million maintenance shop and fleet sales office in West Memphis, the Omaha-based trucking company announced.
The 20,000-square-foot facility at 2800 East Service Road features four tractor repair bays, four trailer repair bays, 128 trailer stalls and 45 truck stalls.
The shop now has 20 employees, but company officials said they expect to hire another 10 next year when it expands shop services to include safety personnel, orientation classes and additional driver amenities.
The shop replaces a site that Werner had in Marion and that was staffed by one employee.
Werner bills itself as one of the nation's top three truckload carriers with 8,700 drivers, 1,850 office support personnel and 760 fleet maintenance personnel nationwide.
-- Noel Oman
Sage, global-reach firm enter alliance
Sage Partners, a commercial real estate firm with offices in Little Rock, Rogers and Bentonville, has entered into a strategic alliance with Cushman & Wakefield, a publicly traded global real estate services firm.
The agreement gives Cushman & Wakefield a formal presence in Arkansas while allowing Sage Partners to remain under its existing leadership and ownership.
"We are proud of what we have built with our clients in Arkansas, and this alliance with Cushman & Wakefield gives us access to a vast network of resources that will sustain our commitment to and success in Arkansas," Brian Shaw, Sage Partners chief executive officer, said in a news release.
Sage Partners, founded in 2005, employs 17 brokers and more than 45 other professionals. Sage's sales transactions totaled nearly $300 million in the past 12 months. Sage manages more than 4.5 million square feet across Arkansas.
Cushman & Wakefield employs 48,000 in 400 offices in 70 countries, had $6.9 billion in revenue last year and manages 3.5 billion square feet.
-- Noel Oman
Arkansas Index ends day with 9 stocks up
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, was up 3.00 to 433.66 Friday.
Nine stocks rose and six dropped.
ArcBest climbed 12.7 percent on more than three times its average volume.
Murphy Oil declined 3.6 percent on heavy volume.
For the week, 14 stocks were up and one fell.
ArcBest rose 17.7 percent for the week, while Murphy Oil fell 4 percent.
Total volume for the index was 19.1 million shares. The average daily volume for the week was 24.5 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 11/03/2018