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Volvo Construction Equipment, based in Shippensburg, Pa., announced the roll out of its first American-built excavators and large wheel loaders. The company recently expanded its U.S. footprint which resulted in more than 50 percent of its North American machine supply being produced at the Shippensburg facility. A total of 11 additional models will be produced […] The post Volvo Construction…
Mitesh Thakkar, president of Canonsburg-based Core Natural Resources, a metallurgical and high calorific value thermal coals producer, has begun to take on additional responsibilities as part of the company’s long-term succession process. He will assume day-to-day responsibility for the company’s primary operating functions such as marketing, logistics, operations, and long-term strategy. Thakkar…
Pittsburgh-based PPG, a paints, coatings and specialty products company, recently appointed senior executives to three global reportable business segments, effective Sept. 1. PPG markets and sells in more than 50 countries, and the segments were created last year. The senior executives will be tasked with accelerating growth and productivity. “As we continue to transform PPG, […] The post PPG…
Pittsburgh-based Kennametal, an industrial technology company, recently elected two new members to the board of directors, effective immediately. Dawne Hickton is Cumberland Additive chairwoman, CEO and lead investor. The company is an additive manufacturing business serving aerospace, defense and space customers. It has manufacturing locations in Pittsburgh and Texas. She previously served on…
Philadelphia-based FORT Robotics announced it has entered into an agreement with Newbury Street II Acquisition Corp to combine their businesses and eventually take the combined company public. FORT Robotics, a safety platform developing The Trust layer for Physical AI, said the combined company with Newbury Street will create the first publicly traded company dedicated to […] The post FORT…
Eighty Four-based 84 Lumber, the largest privately-held building materials supplier in the United States, recently named Dustin Hauenstein as chief financial officer. Hauenstein has more than 25 years of finance and accounting experience in the retail and financial services industries and has overseen financial planning and analysis, investor relations, procurement and enterprise strategy.…
A new report from the National Federation of Independent Businesses finds that optimism in small businesses has risen. The report found that optimism in small business owners nationwide rose 2.4 points to 99.8, above the 52-year average of 98, the highest level since August 2025. Of 10 optimism Index components, eight increased and two decreased. […] The post Pennsylvania small business optimism…
Saxonburg-based Coherent Corp., a photonics company, has begun distributing its 300mm high thermal conductivity silicon carbide (SiC) substrates to leading artificial intelligence (AI) semiconductor partners for sampling. This is a step toward scaling the materials platform and will move it from internal development to customer evaluation. AI and high-performance computing systems are moving…
King of Prussia-based Universal Health Services (UHS), a provider of hospital and healthcare services, recently completed its purchase of New York-based Talkspace, a virtual behavioral healthcare provider. “We’re at an inflection point in how mental healthcare is delivered,” Marc D. Miller, UHS president and CEO, said. “People deserve a system that is easy to navigate, […] The post Universal…
The rate of payment errors under Pennsylvania’s Supplemental Nutrition Assistance Program (SNAP) have been falling, but without further improvement, the state is at risk for hundreds of millions in new costs. Pennsylvania’s error rate for 2025 was 9.2%, down from 16.6% in 2023. But if the rate remains above 6% for 2026 the state will […] The post Pennsylvania SNAP error rate falls, but state still…
Cranberry Township-based MSA Safety Incorporated, a safety products and solutions company, recently released its 2025 Impact Report. The report outlines continued progress in its three strategic pillars: products and solutions, people and planet. The company achieved record safety results last year. This reflects a sustained focus on proactive risk management, continuous improvement and a culture…
Pittsburgh-based Tecum Capital, a private investment firm, and Dickson Suit, its operating partner, recently announced the sale of Tecum’s New Jersey-based Hainesport Transportation Group (HTG). Tecum invested in HTG, the owner and operator of a network of rail-served transfer and disposal services, in 2023 to provide growth capital for the company’s strategic initiatives, and Dickson […] The post…
The Pennsylvania Senate Majority Policy Committee addressed the state’s growing need for reliable electricity and considered strategies to prevent future electric bill increases across the northeast portion of the commonwealth during an Aug. 14 public hearing. “We should all agree that to limit even higher electricity prices, we need more energy production and fewer regulations […] The post Pa.…
Mike Weinbach became CEO of Wayne-based Radian Group, a multi-line specialty insurer, on Thursday, completing a planned leadership transition that the company announced in May. Weinbach also joined the board of directors. Weinbach has a 30-year career that includes leading businesses through growth and transformation. He comes to the company from mortgage servicer Mr. Cooper […] The post Radian…
Exton-based Citadel Credit Union, a member-owned financial institution, recently announced it has signed a lease with Esperanza, a Hispanic faith-based nonprofit organization, for a building in the Hunting Park section of North Philadelphia. The building will become Citadel’s third Philadelphia branch. The Hunting Park branch will offer personal and business banking, mortgage-lending services and…
Exyn Technologies, the Philadelphia-based autonomous mapping and perception-driven navigation company, announced it was forming a Defense Advisory Board with a former Trump administration official as its inaugural member. Former Deputy Assistant Secretary of Defense for Special Operations and Combating Terrorism Andrew Knaggs will join the company as part of its Defense Advisory Board. The board…
