Top CEO - Strategic Management - Randy Watson of Justin Boots (Fort Worth Business Press)
By the time Watson realized that he “wasn’t good enough” for professional baseball, his part-time job hadbecome his new passion – one that he pursued to the executive boardroom of Fort Worth-based Justin Brands Inc., a recognized leader in Western footwear. Watson said the competitive and team spirit he learned playing football and baseball helped him succeed in the business world. It also led Ernst & Young to select the Justin CEO as its 2013 Southwest-north Entrepreneur of the Year in manufacturing and distribution. [...] Buffett reiterated his description of Watson as “the prototype Berkshire Hathaway manager” when he promoted him to CEO and board chairman of Justin Brands in 2011.
Forest River and Thor in a Mid-Year ‘Dead Heat’ (RV Business)
For the first time in memory, the industry’s two RV-building volume leaders, Thor Industries Inc. and Forest River Inc., are in a dead heat for retail market share in both towable and motorized RVs [...] But the real news here is to what extent Forest River is pressing its case in both towable and motorized RVs, even while both companies continue to post impressive growth during the current economic recovery. Thor, for its part, recently posted its first $2 billion quarter, and revenues for Forest River, a Berkshire Hathaway Inc. subsidiary, were running at least 22% ahead of last year through June, Forest River President and CEO Pete Liegl confirms.
New planes, reduced competition help NetJets’ earnings (Columbus Dispatch)
Business at Columbus-based NetJets continues to strengthen, according to the latest report of parent company Berkshire Hathaway. The second-quarter earnings news from the company led by billionaire Warren Buffett shows that, in the first six months of this year, NetJets “experienced increased sales of fractional aircraft shares and its earnings increased primarily due to improved flight-operations margins, fractional-sales margins and reduced net financing costs.”Observers say the new planes being added to its fleet and diminished competition in its industry have helped.
Shaw Industries to build plant, add 500 employees (Chattanooga Times Free Press)
Shaw Industries is vacuuming up talent in North Georgia for a new plant that will churn out carpet tile across the U.S., the company announced today. The Dalton, Ga.-based business, which is owned by Omaha billionaire Warren Buffett, will spend $85 million and create 500 new jobs at a new plant in Adairsville designed to meet growing demand for Shaw's soft wares. It will be the seventh facility for Shaw in Bartow County, where it is already the biggest employer. "I think our business has turned," said Vance Bell, CEO of Shaw. "Carpet tile today is well over 50 percent of our commercial carpet mix and continues to grow, and it's just received a very good audience in the commercial marketplace."
XTRA adds free tracking service for leased trailers (Fleet Owner)
Basic trailer tracking service at no charge is now being offered to fleets on new long-term leased trailers from XTRA Lease, the company said. XTRA Lease noted its offered basic trailer tracking on dry van rentals for free but is now upping the ante to include such basic tracking service at no extra cost on all newly leased dry vans and late model reefers, model-year 2010 and newer. The services will enable fleets to view current and historical trailer locations, “drill down” into dormancy and usage data utilization info to better understand how trailers are being used, as well as provide e-mail subscription reports offering the latest location and dormancy information on those leased units.
Berkshire Hathaway’s FlightSafety adds Cessna simulator in San Antonio (San Antonio Business Journal)
New York-based FlightSafety International has added new Cessna Aircraft Co. training simulators in San Antonio and two other U.S. locations. FlightSafety — a division of Warren Buffet’s Berkshire Hathaway Inc. — now offers simulator training for the Citation CJ2+ aircraft at its Alamo City learning center. It is the only dedicated CJ2+ simulator worldwide, company officials say.Buffett's See's Candies has sour day: Chocolates recalled (CNBC)
San Francisco-based See's Candies is recalling all its Dark Chocolate Blueberries because the product contains undeclared milk, the company said in a press release that was posted on the Food and Drug Administration website. The recall was initiated after a customer reported having an allergic reaction to the product, the statement said.
Dairy Queen Sets World Record With Fruit Sculpture (CBS 4 Minnesota)
Dairy Queen now owns the world record for the largest fruit sculpture ever after hiring an artist to build a 10-foot-tall tree. The restaurant chain sponsored the fruit sculpture in Calgary, Alberta, Canada earlier this month as part of a promotional event for its Orange Julius smoothies. Sculptor Shawn Feeney used 1,200 pieces of pineapples, oranges, strawberries, peaches and mangos to build the tree.
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