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Covenant Transportation Group completes acquisition of Landair

It was announced on Thursday morning that Covenant Transportation Group has completed its acquisition of Landair Holdings, Inc. Under the terms of the agreement, CTG purchased all of Landair’s outstanding stock in exchange for approximately $83 million in cash. Landair was founded in 1981 by Scott Niswonger and Ed Sayler. Presently, Landair operates approximately 430 trucks and 900 trailers and manages 12 d ...

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Hall of Fame line-up promised for Mountain Mission School fundraiser

Jim McGlothlin Eight years ago, Arnold Palmer, Jack Nicklaus and Gary Player headlined a fund-raiser golf tournament at the Olde Farm that raised $15.1 million for the Mountain Mission School in Grundy, Va. Round two is upcoming. A tournament that organizer and long-time Mountain Mission School supporter Jim McGlothlin says will feature 10 Hall of Famers from several sports will be held on the same course S ...

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United Way of SW Va receives $250,000 from GO Va for IGNITE program

Southwest Virginia Teachers tour Mohawk Industries as part of the IGNITE program, Oct. 2017, file photo Virginia Governor Ralph Northam Tuesday announced five regional projects funded through GO Virginia (Growth and Opportunity for Virginia) grants totaling $1,115,300, including $250,000 for Region 1. Those funds will go to the United Way of Southwest Virginia to help expand the IGNITE program. The Ignite P ...

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Washington County, Tenn. Industrial Park gets good news on two fronts

ECD Commissioner Robert Rolfe The sale to the county of a 37-acre tract adjacent to the Washington County Industrial Park closed last Thursday, the same day the county received word the smaller of two existing tracts in the park had received Select Tennessee Certified Site status from the Tennessee Department of Economic and Community Development. The new land will grow the park to greater than 100 acres. T ...

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HCA buying Asheville-based Mission Health

Mission Health, which operates six hospitals and health facilities in Western North Carolina and competes for medical professionals and patients with Northeast Tennessee-based Ballad Health, has signed a Letter of Intent (LOI) to merge with Nashville-based HCA. In a letter to Asheville citizens on the newly created website, the Mission Board wrote, “If regulatory requirements are me ...

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Three Northeast Tennessee projects to receive major ECD grants

Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bob Rolfe announced today that 25 communities will receive more than $9.6 million in Site Development Grants. Three projects in Northeast Tennessee will receive a total of $2 million of that amount. Sullivan County Economic Development Partnership, Inc.: • Partnership Park II - $1,000,000 – Complete site grading improvements to c ...

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Master Tool & Die, Inc. to expand in Kingsport

Master Tool & Die, Inc. officials announced this week that the manufacturer will expand in Kingsport. Master Tool & Die plans to invest $557,500 for facility upgrades and create 25 jobs at its operation in Sullivan County. “I’d like to thank Master Tool & Die for its commitment to create 25 jobs in Sullivan County,” Tennessee Department of Economic and Community Development Commissioner Bob Rolf ...

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Auto insurance rates climbing

Automobile insurance rates are at an all-time high nationwide. In the Tri-Cities (Johnson City, Kingsport, Bristol) metro area, rates are up 34% since 2011. 
A recent study by the website The Zebra revealed current average annual auto insurance premiums for: • Tri cities metro: $1,150 • Virginia: $901 (2nd least expensive state in the U.S.) • Tennessee: $1,315 (29th most expensive state) • U.S.: $1,427 Even ...

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Moody’s Investor Service assigns Aa2 rating to Tri-Cities Airport bonds

Moody's Investors Service has assigned an initial Aa2 rating to Tri-Cities Airport Authority’s $8.5 million Aerospace Park Bonds, Series 2018 (Federally Taxable). The proceeds will be used to fund construction, site development, infrastructure, paving and utilities for the Aerospace Park project. Proceeds will also be used to pay capitalized interest on the Series 2018 Bonds during construction. The bonds a ...

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State-of-the-art ICU unveiled at Mountain Home

Above: Members of the Mountain Home VA Medical Center leadership team and staff join with those who helped complete the new 13-room ICU project for a ceremonial ribbon cutting. PHOTO BY DAVE ONGIE By Dave Ongie It’s been a long time coming, but the new 15,000-square-foot Intensive Care Unit unveiled inside the Mountain Home VA Medical Center last week appears to be well worth the wait. Members of the staff ...

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