Apple Inc. has announced the layoff of 614 employees across various facilities in Santa Clara, California. This move marks the tech giant’s first major reduction in workforce since the onset of the pandemic. The affected personnel, who were notified on March 28 with the changes set to take effect on May 27, held positions ranging…
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IMC Logistics acquires American Pacific Transportation, expands West Coast presence
IMC Logistics, the largest marine drayage provider in the nation, announced today that it has acquired American Pacific Transportation, a leading California-based drayage company. This acquisition strengthens IMC’s position as the industry leader in the U.S. while also significantly increasing the company’s position and truck capacity in California and across the West Coast. According to…
Five Point Holdings Appoints Mike Alvarado as Chief Operating Officer
Five Point Holdings, LLC (NYSE:FPH), a leading developer of large mixed-use planned communities in coastal California, has announced the appointment of Mike Alvarado as its Chief Operating Officer, effective immediately. Alvarado will also retain his role as the Company’s Chief Legal Officer, Vice President and Secretary. Alvarado is a seasoned executive with over 30 years…