Coca-Cola Bottling Works Toward Expanding Chattanooga Operations
Coca-Cola Bottling Company United (CCBCU) officials announced Tuesday the company is exploring the possibility of expanding by building a new, state-of-the-art distribution and sales facility in Hamilton County. If successful, Chattanooga Coca-Cola, the first franchised bottler of Coca-Cola in the world, will invest $62 million in the new facility and bring 43 new jobs to Chattanooga over the next year.
“Coca-Cola bottling began in Chattanooga. We’ve been here for 115 years and hope to grow here,” said Darren Hodges, division vice president for Chattanooga Coca-Cola Bottling Company. “But, we’re having a hard time finding industrial property in Hamilton County that can accommodate this expansion. We’re working through our final due diligence and hope to finalize our investment soon.”
The company plans to build a new 290,000 square foot distribution and sales facility. Other construction and improvements include ancillary automobile parking, roadways, truck docks, truck and trailer maneuvering and parking areas, stormwater management system, lighting and landscaping.
“This expansion project would keep Coca-Cola growing in Hamilton County and add family-wage jobs in our area,” said Mayor Jim Coppinger. “Everyone in the community, from individuals to small businesses, benefits from added jobs and the resulting additional income circulating in our local economy.”
“Coca-Cola is a globally-recognized, incredibly valuable brand with its roots planted firmly in our community," said Mayor Andy Berke. "We are proud of the Coca-Cola legacy in Chattanooga and look forward to the possibility of a new distribution facility that will increase their presence in our area.”
CCBCU currently has 487 employees in Chattanooga. In order to accommodate the expansion, 203 employees will remain at the existing bottling facility while the distribution and regional offices will be transferred to a new location along with the additional 43 new jobs.
“Coca-Cola’s potential expansion in Chattanooga continues our city’s heritage as an ideal location for food and beverage manufacturers,” said Charles Wood, vice president of economic development at the Chattanooga Area Chamber of Commerce. “The new distribution facility would create jobs and redevelopment, demonstrating the importance of existing industry expansion in our community.”
Wood also thanked David DeVaney of Charter Real Estate Company. “DeVaney has contributed substantially to this effort both in terms of identifying sites and completing due diligence to finalize the project.”
CCBCU has three production facilities and 18 distribution sales centers located in six Southeastern states. In the United States, they are the third largest bottler of Coca-Cola products and are the largest privately held Coca-Cola bottler employing a workforce of approximately 3,000 people.
Founded in 1902, CCBCU produces and distributes more than 400 beverages and 6 million cases each year.
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Last Update on September 16, 2014 17:25 GMT
WASHINGTON (AP) -- A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.
The Labor Department says that wholesale gas prices fell 1.4 percent last month and food costs dropped 0.5 percent. Those declines offset higher prices for transportation and shipping services.
The producer price index rose just 1.8 percent last month from a year earlier. The index measures price changes before they reach the consumer.
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The Business Roundtable says that its CEO outlook index fell to 86.4 in the third quarter, down from 95.4 in the April-June period.
Fewer CEOs expect to hire in the next six months: Just 34 percent plan to add jobs, down from 43 percent. And only 39 percent plan to boost their capital spending, down from 44 percent.
Nearly three-quarters of the chief executives expect higher sales, the same as in the second quarter.
Randall Stephenson, CEO of AT&T and chairman of the Roundtable, blamed the decline of the index on Congress' failure to extend temporary tax breaks that encourage research and development and investment spending.
ATLANTA (AP) -- UPS plans to hire up to 95,000 seasonal workers to help with package deliveries during the busy holiday season.
The Atlanta company said Tuesday that the positions will include package sorters, loaders, delivery helpers and drivers.
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Last year, a last-minute surge in holiday shipments drove up the shipper's costs and hurt its profits.
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GM wants to add a third shift to its plant in Wentzville near St. Louis by the end of March. The factory now employs 2,600 people who make the Chevrolet Colorado and GMC Canyon pickups as well as full-sized vans.
Alan Batey, GM's North America president, says dealers already have ordered 30,000 pickups and 97,000 people have configured and built them on a GM website. Both are signs of strong demand.
GM is building the trucks and plans to start shipping them to dealers soon. Small pickups have declined in popularity, but Batey is confident people will buy the GM models for their hauling ability, gas mileage and price.
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The report issued Tuesday by Republicans on the Energy and Commerce Committee raises serious questions about the agency's ability to keep the public safe as cars become more complex.
The report says the National Highway Traffic Safety Administration misunderstood how vehicles worked, lacked accountability and failed to share information.
A Senate panel is scheduled to hold a hearing Tuesday on the issue.
At least 19 people died in crashes caused by the switches in GM small cars. The company acknowledged knowing about the problem for at least a decade, but it didn't recall the cars until February.
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The Department of Financial Services says Tuesday it has issued subpoenas for information from nine companies involved in so-called "hard money lending."
Under the deals, a borrower's ability to repay typically is unexamined and loans may be structured with an expectation of foreclosing on property.
Superintendent Ben Lawsky says such "loan to own" schemes are unconscionable.
Regulators are investigating whether the companies intentionally set onerous terms with high interest rates, large upfront fees and big balloon payments.
They are also examining complaints some borrowers are required to sign deeds when obtaining loans, permitting lenders to take property when one payment is missed.
GAS DRILLING-WATER CONTAMINATION
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The Department of Energy report was released Monday. It marks the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward.
Resarchers found that the chemical-laced fluids used to free gas stayed about 5,000 feet below drinking water supplies.
A separate study published this week by different researchers examined drilling sites in Pennsylvania and Texas using other methods. It found that faulty well construction can cause pollution, but not fracking itself.
The Energy Department study monitored six wells at one site. Other drilling locations could behave differently.
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On Tuesday, NASA will announce which one or two private companies wins the right to transport astronauts to the International Space Station. The deal will end NASA's expensive reliance on Russian crew transport.
NASA officials will make the long-awaited announcement at Kennedy Space Center, next door to where the launches should occur in a few years.
The contenders include SpaceX of California, already delivering space station cargo; Sierra Nevada Corp., which is developing a mini-shuttle in Colorado; and Boeing, which would assemble its crew capsules at Kennedy.
NASA astronauts have been riding Russian rockets ever since the shuttles retired in 2011. The latest pricetag is $71 million per seat.
LOS ANGELES (AP) -- For the first time, California's Department of Motor Vehicles knows how many self-driving cars are traveling public roads.
The agency is issuing permits Tuesday that let three companies test 29 vehicles on highways and in neighborhoods -- with a human "safety driver" behind the wheel, in case the onboard computers make a bad decision.
With 25 vehicles, Google's souped-up Lexus SUVs are the biggest fleet. Mercedes and VW have two vehicles each.
Self-driving cars already have gone hundreds of thousands of miles in California.
They did because there was no law saying they couldn't.
The Legislature eventually decided to regulate the emerging technology, which navigates using sophisticated sensors and detailed maps.
Over the past year, the DMV wrote testing rules that require driver training and the reporting of incidents.
DANVILLE, Va. (AP) -- Starting next month, America's remaining tobacco growers will be totally exposed to the laws of supply and demand.
The very last buyout checks go out in October to about 425,000 tobacco farmers and landowners. They're the last holdovers from a price-support and quota system that had guaranteed minimum prices for most of the 20th century, sustaining a way of life that began 400 years ago in Virginia.
Cigarette makers will have paid $10 billion to compensate growers for surrendering their quotas. Growers got another $5 billion from the companies as part of their 1998 settlement of state lawsuits over smoking-related health care costs.
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Captain Citrus was born in 2011 as a big, fat talking orange wearing a green cape. Now he's being transformed into a buff Marvel Comics superhero who will fight evil alongside the likes of Captain America.
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The new and muscular Captain Citrus will appear with Marvel's popular Avengers characters in a series of custom comic books, some of which will be distributed to kids in schools.
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