(erielack) Another one Bites the Dust

[Dlw1el2_@_aol.com]

Another  railroad customer on former EL lines in NJ bites the  dust!!!
>
>
> This is a NS customer on the Pascack Valley  Line. This is served off
> the Ford Lead in Teterboro. With the closing of  this plant, it will
> leave one customer(Agfa Film)on the Ford Lead on the  Teterboro/South
> Hackensack area. Agfa receives about 1 car every two  weeks. As of 1980
> this area had 10 active customers and it's  local(Conrail NB-31).
>
> Thursday, January 4, 2007
>
>  By HUGH R. MORLEY
> STAFF WRITER
>
>
> Smurfit-Stone  Container Corp. of Chicago is closing its Teterboro
> plant, shifting the  work to other facilities.
> JAMES W. ANNESS / THE RECORD
>  arrowSmurfit-Stone Container Corp. of Chicago is closing its Teterboro
>  plant, shifting the work to other facilities.
>
> A Chicago-based  maker of corrugated containers is closing its
> Teterboro manufacturing  plant at a cost of 133 jobs.
>
> Smurfit-Stone Container Corp. said  that although production stopped
> Dec. 28, a few employees were still  working there Wednesday.
>
> The company will terminate all 22  salaried employees and 111
> hourly-wage workers by Jan. 13, according to  the company and a letter
> filed with the state Department of  Labor.
>
> Smurfit spokeswoman Lisa Esneault said the closure is  "part of our
> overall strategic plan, which is basically optimizing  resources and
> assets across the system."
>
> The company,  which has 27,000 employees worldwide, will shift
> production to  unspecified plants, Esneault said.
>
> The move is in line with a  cost-cutting plan announced by Smurfit in
> 2005 that called for the  closure of 20 percent of the company's
> corrugated-container plants by  2008. The company said the shift of
> U.S. manufacturing work offshore and  changes in the retail environment
> have reduced demand for packaging in  recent years.
>
> In addition, the company reported in documents  filed with the
> Securities and Exchange Commission in March that the rise  of
> superstores, discount retailing giants and online shopping  "has
> resulted in a shifting of demand to packaging which is more  condensed,
> lighter weight and less expensive."
>
> It was  unclear Wednesday what will happen to the 93,000-square-foot
> building  that the company occupies at 200 Hollister Road in Teterboro.
> Seagis  Property Group of West Conshohocken, Pa., owns the 10-acre
>  property.
>
> It has 20-foot ceilings, 11 tailgate dock doors and  parking for 80
> trailers, and is located close to Routes 46 and  80.
>
> Dave Gibbons, a Seagis vice president, said Smurfit -- with  two years
> to run on its lease -- has not indicated when it will vacate  the
property.
>
> Seagis bought the building for $10.9 million in  June 2005 as part of
> the company's effort to establish a presence in the  North Jersey
market.
>
> It was the company's first acquisition  in the Meadowlands. And Seagis
> principal John B. Begier said in 2005  that it was attractive because
> the area "has some of the strongest  supply/demand fundamentals in the
> country."
>
> Seagis has  since spent $22 million buying a 51,000-square-foot
> warehouse in South  Hackensack, another warehouse about the same size
> in Teterboro, and a  200,000-square-foot building in East Rutherford.
>
> E-mail: _morley_@_northjersey.com_ (mailto:morley@northjersey.com) 
 
 
Stone Container was always one of the biggest customers on the  NJ&NY.  They 
took 5 box cars  of rolled paper inside the  building 3-5 days a week. They 
were the next customer down Ford Lead from  Ford.  Now there both gone.   This 
may leave Agfa as the only  active customer on the once busy Ford Lead.  
SAD INDEED!
 
Bob Bahrs
>



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