Moving and Storage Business News

The News Review:

- IFIs Set Pace Through Innovative Acquisitions
- Be careful when choosing a moving company
- Firm has delivery down cold: Region attracts interest of shippers who…

IFIs Set Pace Through Innovative Acquisitions
Arab News – May 28, 2007
At the same time, Dubai International Capital has acquired a $1bn stake in DaimlerChrysler; and Abu Dhabis Mubadala Development Co a 5 percent stake in Ferrari. However, it is Islamic financial institutions (IFIs) that are setting the pace through innovative acquisitions in private equity deals. Kuwait Finance House acquired and sold Malin Holdings, the company that owns the Swedish Post office mail sorting houses; Arcapita has bought a big stake in Shurgard Self-storage Company, and further stakes in a water utility and wind energy company in the UK and a logistics and distribution company in Germany. Aston Martin is of course the glamorous mode of transport preferred by celluloid British secret agent, James Bond, codenamed 007, and the envy of millions of young men around the world. There are also reports that senior executives of the consortium companies are all members of the Aston Martin Owners Club. The good news is that Aston Martin is a debt-free company. This makes it easier for an IFI to acquire…
At the same time, Dubai International Capital has acquired a $1bn stake in DaimlerChrysler; and Abu Dhabis Mubadala Development Co a 5 percent stake in Ferrari. However, it is Islamic financial institutions (IFIs) that are setting the pace through innovative acquisitions in private equity deals. Kuwait Finance House acquired and sold Malin Holdings, the company that owns the Swedish Post office mail sorting houses; Arcapita has bought a big stake in Shurgard Self-storage Company, and further stakes in a water utility and wind energy company in the UK and a logistics and distribution company in Germany. Aston Martin is of course the glamorous mode of transport preferred by celluloid British secret agent, James Bond, codenamed 007, and the envy of millions of young men around the world. There are also reports that senior executives of the consortium companies are all members of the Aston Martin Owners Club. The good news is that Aston Martin is a debt-free company. This makes it easier for an IFI to acquire.

Be careful when choosing a moving company
Providence Journal – May 28, 2007
“The really serious complaints are rogue movers or scam movers,” says David Sparkman, vice president of communications for the American Moving and Storage Association, which represents the interstate movers. “These people are thieves who are pretending to be movers. ” In the most classic and prevalent scam, a moving company will give a low estimate to pack someone up only to substantially hike the quoted price once the items are loaded on their trucks. If the consumer doesn’t pay the new price, the belongings are held hostage until the higher moving charges are paid. Last year about 15 percent of consumer complaints filed against movers involved hostage goods. In one case, a Massachusetts woman said a mover loaded her goods on a truck and demanded $16,000 afterward. That was more than four times the company’s estimate of $3,600…
But rogue companies “aren’t afraid to drive away with everything you own unless you pay them whatever they decide they want to charge you for your move,” Walker said. Walker, whose Web site is a must-see before you hire a moving company, says his biggest tip for consumers is to be wary of hiring companies you find on the Internet. The American Moving and Storage Association also has issued warnings about shopping for a mover online. Certainly use the Internet for research. For example, go to.

Firm has delivery down cold: Region attracts interest of shippers who…
Free with registration – Business Press – AccessMyLibrary.com – May 28, 2007
Cold Storage, a 118-year-old company, is planning expansions into the next decade. Southern California and the Inland Empire are being considered. Cold Storage views the Southern California market as an excellent one.