Latest news with #Mid-Atlantic
Business Wire
2 days ago
- Business
- Business Wire
Excel Courier Acquires Quick Messenger Service, Expanding Courier Services Footprint in DC Metro Region
ASHBURN, Va.--(BUSINESS WIRE)--Excel Courier, Inc. (Excel), a leading Mid-Atlantic provider of same-day, time-critical delivery and logistics solutions, has announced the acquisition of Quick Messenger Service (QMS), a Bethesda, Maryland-based courier company with more than 40 years of service in the Washington, D.C. metro area. Excel Courier grows stronger! We've acquired Quick Messenger Service, expanding our DC metro footprint and reinforcing our commitment to time-critical logistics. Exciting times ahead! Share QMS brings additional expertise in medical and business-critical deliveries, complementing Excel Courier's core strengths in healthcare, aviation, and professional service logistics. Excel will take on dozens of daily routes, allowing for faster response times. This acquisition follows Excel Courier's recent investments in upgraded dispatch technology and operations infrastructure, aimed at improving speed, transparency, and efficiency across its service lines. By bringing QMS into its network, Excel continues to scale its on-demand capabilities and strengthen its same-day delivery capacity in a high-demand region. 'We're always looking for ways to grow where it makes sense, and where it helps our teams and customers,' said Chris Marchetti, CEO of Excel Courier. 'Bringing QMS into the fold gives us a chance to do more of what we do best, in more places, with more great people.' Both organizations share a commitment to operational excellence and customer-focused solutions. Integration is already underway, with efforts focused on ensuring a seamless transition for clients, employees, and drivers. 'We're proud of what we've built at QMS over the past four decades,' said Mark Gross, former owner of Quick Messenger Service. 'Joining Excel opens new doors for our customers and drivers while ensuring the same reliable service our clients have come to expect.' This acquisition marks another milestone in Excel Courier's 39-year history as it continues to invest in regional growth, reliable service, and customer satisfaction. About Excel Courier Founded in 1986, Excel Courier is a 24/7/365 Mid-Atlantic leader in B2B time-critical logistics, providing same-day courier and specialized delivery services across the medical, parts distribution, data center, aviation, and professional services sectors. Known for its reliability, responsiveness, and precision, Excel Courier supports critical operations with a diverse fleet of over 250 drivers, ranging from sedans and vans to tractor-trailers, moving lives and businesses forward every day. Learn more at
Yahoo
6 days ago
- Business
- Yahoo
CoreWeave to Set up New Data Center: Overcapacity or Future-Proofing?
CoreWeave, Inc. CRWV is investing $6 billion to build a new state-of-the-art AI data center in Lancaster, PA. The data center, designed for advanced AI workloads, will have an initial capacity of 100 megawatts (MW) and a potential to scale up to 300MW. It is one of the first large-scale AI-focused data centers in the Mid-Atlantic region and aimed at bolstering U.S. competitiveness in AI. This new facility adds to CoreWeave's growing network of data centers. It has a network of 33 purpose-built AI-data centers across the United States and Europe, supported by 420MW of active power. The Lancaster facility will be adding to the company's 1.6 gigawatt (GW) of contracted power, offering a multiyear runway in power capacity. This infrastructure buildout is underpinned by surging demand for high-performance AI compute. For a hypergrowth company, data-center expansion to support accelerating demand amid intense competition is more of strategic future-proofing than anything else. Hyperscalers like Amazon Web Services, Google Cloud and Microsoft Corporation MSFT operate hundreds of facilities globally. On the last earnings call, CRWV management highlighted that AI is forecasted to have a global economic impact of $20 trillion by 2030, while the total addressable market is anticipated to increase to $400 billion by 2028. CRWV's strong backlog of $25.9 billion at the end of the last reported quarter underscores its growing market share. CRWV inked a strategic partnership with OpenAI for about $11.9 billion, while adding several new enterprise customers and a hyperscaler client. It has signed expansion agreements with many customers, including a $4 billion (to be included in backlog from second quarter) expansion with a big AI enterprise. Of course, this aggressive expansion comes with risks. Higher capex, subsequent rising interest costs and macro uncertainty could test execution. CRWV expects capex to be between $20 billion and $23 billion for 2025. Nonetheless, CoreWeave's self-amortizing debt structure and strong revenue visibility offer meaningful downside protection. Data Center Footprint for Competitors Microsoft has a vast network of data centers for its Azure platform. It has more than 400 data centers across 70-plus Azure regions. Earlier in January 2025, MSFT announced a $80 billion investment toward the development of AI-enabled data centers globally for fiscal 2025, with more than half of the investment earmarked for the United States. In the third quarter of fiscal 2025, the company spent $21.4 billion on capex and $16.7 billion on cash for PP&E. MSFT highlighted that nearly half of the cloud and AI-related spend was on long-lived assets that will support monetization over the next 15 years and more. The remainder focused on servers, both CPUs and GPUs, to fulfill rising AI demand, including a $315 billion customer backlog. Looking ahead to fiscal 2026, capex will grow at a slower rate than fiscal 2025, with a higher share of short-lived assets. Nebius Group N.V. NBIS is focusing on building a global footprint, with capacity in the United States, Europe and the Middle East amid accelerating demand for its AI-infrastructure services. In the last reported quarter, Nebius added three new regions, including a strategic data center in Israel. Infrastructure enhancement helps reduce latency, diversify risk and extend support for global customer requirements, which is crucial for enterprise AI workloads. In June 2025, Nebius announced private placement of $1 billion in convertible notes to capitalize on the AI-infrastructure boom and drive-up revenue opportunities in 2026. It has an ambitious $2 billion capital expenditure plan for 2025. NBIS plans to build a data-center infrastructure pipeline that can offer scalability to more than 1GW of power. With this, NBIS expects significantly higher revenue potential beyond its current guidance. CRWV Price Performance and Estimates Shares of CoreWeave have lost 21.9% over the past month against the Internet Software industry's growth of 1.8%. CoreWeave's share price took a hit after it announced the acquisition of Core Scientific on July 7. There is intense investor scrutiny regarding the deal. By taking ownership of Core Scientific's 1.3GW power infrastructure footprint, with an additional 1GW expansion potential, CoreWeave gains ample room to grow its AI infrastructure. With demand for AI compute soaring, this extra capacity provides a strong long-term advantage. Image Source: Zacks Investment ResearchThe Zacks Consensus Estimate for CRWV's earnings for 2025 has been unchanged over the past 30 days. Image Source: Zacks Investment ResearchCRWV currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Nebius Group N.V. (NBIS) : Free Stock Analysis Report CoreWeave Inc. (CRWV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
6 days ago
- Business
- Malaysian Reserve
DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Anne Arundel Dermatology Customers Whose Data May Have Been Compromised
NEWTOWN, Pa., July 18, 2025 /PRNewswire/ — The law firm of Edelson Lechtzin LLP is investigating data privacy claims regarding an incident at Anne Arundel Dermatology. Anne Arundel Dermatology learned of a data breach on or about February 6, 2025. If you would like to discuss this case with a lawyer, go HERE. About Anne Arundel Dermatology Anne Arundel Dermatology is a full-service dermatology practice that offers a comprehensive suite of cosmetic laser and skin care services, as well as dedicated in-house Mohs surgery and pathology laboratory services at over 60 locations in the Mid-Atlantic and Southeastern regions. What happened? On or about June 27, 2025, Anne Arundel Dermatology identified a data privacy breach within its computer network. The company initiated an investigation and determined that certain data Files were accessible to an unauthorized third party for a period between February 14, 2025, and May 13, 2025. The compromised data may include names, addresses, birth dates, medical information, and health insurance information. Over 1.9 million individuals have been affected by this data breach. How can I protect my personal data? If you receive a data breach notification concerning Anne Arundel Dermatology, you should take steps to protect yourself against identity theft and fraud by regularly reviewing your account statements and monitoring your credit reports for any suspicious or unauthorized activity. Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised by the Anne Arundel Dermatology data breach. For more information, please contact: Marc H. Edelson, LECHTZIN LLP411 S. State Street, Suite N-300Newtown, PA 18940Phone: 844-696-7492 ext. 2Email: medelson@ About Edelson Lechtzin LLP Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft, and consumer fraud. This press release may be considered Attorney Advertising in some jurisdictions.
Newsweek
7 days ago
- Climate
- Newsweek
Warning Issued as Floods Threaten to 'Surround' Old School
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A creek in northeastern Kansas will surge roughly 18 feet on Thursday as heavy rain batters the region. At its peak, the creek is forecast to reach 20 feet, which is just shy of the level where it nearly surrounds the now-closed Easton grade school. Why It Matters The flood warning comes as heavy rain has battered parts of the U.S. throughout the first half of July. Over the Independence Day weekend, torrential rain lashed Central Texas, causing deadly floods that killed more than 100 people. Dangerous floods also inundated parts of New Mexico, the Northeast, and the Mid-Atlantic Flooding is the second-deadliest weather hazard in the U.S., behind extreme heat, according to the National Weather Service (NWS). What to Know Early Thursday morning, the NWS office in Pleasant Hill, Missouri, which includes the forecast area for parts of northeastern Kansas, extended a flood warning for Stranger Creek in Easton, Kansas. The flooded creek will affect Atchison and Leavenworth counties. A stock photo of heavy rain. A stock photo of heavy rain. FeelPic/Getty Stranger Creek began rising quickly at around 3 a.m. Thursday morning. As of 10 a.m. Eastern time, the river is at nearly 15 feet and still rising, according to water forecasts from the National Water Prediction Service. The forecasts anticipate the river will peak at around 20 feet by 8 p.m. on Thursday, which is in the moderate flood stage. The National Water Prediction Service describes moderate flood stage as "some inundation of structures and roads near stream, evacuations of people and/or transfer of property to higher elevations." For Stranger Creek, at 20 feet, "all roads out of Easton except for highway 192 west of 231st street in Easton are closed," the flood warning said. At this level, water also covers Millwood Road 3 miles north of Easton, where the water is 6 inches deep across the eastbound lane. If the creek rises another 1.5 feet, further impacts are expected, including the near-surrounding of the former Easton grade school. "At 21.5 feet, Most of Easton east of 231st Street floods. A campground in Easton floods. Several homes experience water on the first floor," the flood warning said. "Water nearly surrounds but does not enter the former Easton grade school." According to Legends of Kansas, the "old Easton Grade School is a one-story pink brick building with metal trim and an overhang over the west façade. It has glass block windows on the west façade, a concrete addition on the south, and a wood addition on the north. The foundation was damaged in the 1993 flood, and the school closed. It is privately owned today. Located at 120 N. 1st Street, it is mainly obscured by trees." NWS service hydrologist Scott Watson told Newsweek that the NWS is "more confident" that the creek will stay below the level of 21.5 feet, although the flood information is included as a precaution. He added that there won't be any renewed rises of the creek after it crests overnight. "It does get into moderate flood quite often," he said. "This is a site that typically floods." What People Are Saying NWS Pleasant Hill in a flood warning: "Turn around, don't drown when encountering flooded roads. Most flood deaths occur in vehicles. Motorists should not attempt to drive around barricades or drive cars through flooded areas." NWS Pleasant Hill in a hazardous weather outlook: "Areas of heavy rain early this morning. Several inches of rain possible from the KC area eastward along and south of Highway 36. Flash flooding will continue to be a threat through the morning hours. Rain may continue into the afternoon south of Highway 50." What Happens Next National Water Prediction Service forecasts anticipate the river will peak at around 8 p.m. Thursday. Water levels are then expected to fall below flood stage by Friday morning. However, the levels will remain in action stage, in which XXX, until Friday night.
Yahoo
15-07-2025
- Business
- Yahoo
Fulton Financial's (NASDAQ:FULT) Q2: Strong Sales
Regional banking company Fulton Financial (NASDAQ:FULT) reported Q2 CY2025 results topping the market's revenue expectations , but sales fell by 1.9% year on year to $328.4 million. Its GAAP profit of $0.53 per share was 24.7% above analysts' consensus estimates. Is now the time to buy Fulton Financial? Find out in our full research report. Net Interest Income: $254.9 million vs analyst estimates of $255.1 million (5.5% year-on-year growth, in line) Net Interest Margin: 3.5% vs analyst estimates of 3.4% (6.2 basis point beat) Revenue: $328.4 million vs analyst estimates of $318 million (1.9% year-on-year decline, 3.3% beat) Efficiency Ratio: 57.1% vs analyst estimates of 61% (3.9 percentage point beat) EPS (GAAP): $0.53 vs analyst estimates of $0.43 (24.7% beat) Market Capitalization: $3.56 billion "I'm proud that our team has delivered a new company record, with operating net income of $100.6 million, or $0.55 per diluted share, this past quarter," said Curt Myers, Chairman and CEO of Fulton. Tracing its roots back to 1882 in the heart of Pennsylvania, Fulton Financial (NASDAQ:FULT) is a financial holding company that provides banking, lending, and wealth management services to consumers and businesses across five Mid-Atlantic states. In general, banks make money from two primary sources. The first is net interest income, which is interest earned on loans, mortgages, and investments in securities minus interest paid out on deposits. The second source is non-interest income, which can come from bank account, credit card, wealth management, investing banking, and trading fees. Over the last five years, Fulton Financial grew its revenue at a solid 8.4% compounded annual growth rate. Its growth beat the average bank company and shows its offerings resonate with customers. We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Fulton Financial's annualized revenue growth of 8.3% over the last two years aligns with its five-year trend, suggesting its demand was predictably strong. Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business. This quarter, Fulton Financial's revenue fell by 1.9% year on year to $328.4 million but beat Wall Street's estimates by 3.3%. Net interest income made up 76.1% of the company's total revenue during the last five years, meaning lending operations are Fulton Financial's largest source of revenue. Our experience and research show the market cares primarily about a bank's net interest income growth as non-interest income is considered a lower-quality and non-recurring revenue source. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Fulton Financial's net interest income has grown at a 10.1% annualized rate over the last five years, a step above the broader bank industry and faster than its total revenue. When analyzing Fulton Financial's net interest income over the last two years, we can see that growth decelerated to 8.2% annually. In Q2, Fulton Financial produced $254.9 million of net interest income, up 5.5% year on year and in line with Wall Street Consensus estimates. Net interest margin was 3.5%, beating sell-side expectations by 1.8%. Looking ahead, sell-side analysts expect net interest income to grow 1.9% over the next 12 months, a deceleration versus the last two years. We were impressed by how Fulton Financial blew past analysts' revenue, net interest margin, efficiency ratio, and EPS expectations this quarter. Zooming out, we think this was a solid print. The stock remained flat at $19.11 immediately after reporting. Sure, Fulton Financial had a solid quarter, but if we look at the bigger picture, is this stock a buy? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
