Natural gas prices continue to experience volatility in 2022, with summer shaping up to be no exception to that trend. The U.S. Energy Information Administration (EIA) expects the Henry Hub price to average $8.69 per MMBtu in the third quarter of 2022, which is up from an average of $8.13 per MMBtu in May. Natural gas prices are rising in large part due to three factors: natural gas inventories, LNG exports and high demand.
ImageFIRST Healthcare Laundry Specialists, King of Prussia, PA, recently announced that Richard Paradise has been named as their new CFO. Paradise will report to President and CEO Jim Cashman as part of the company’s executive leadership team, according to a news release.
ImageFIRST, King of Prussia, PA, recently announced that it has acquired Minnesota-based Edina Laundry Co. This acquisition marks ImageFIRST’s second location in Minnesota. Terms of the transaction were not disclosed, according to a news release.
Vitec Software Group AB recently acquired ABS Laundry Business Solutions (ABS), headquartered in Boxtel, the Netherlands. ABS reported sales of SEK (Swedish krona) 203 million ($19.3 million) for the 2021 financial year, according to a news release.
TRSA is urging operators to complete the 2022 TRSA Industry Performance Report (IPR) survey. Participation in the IPR survey creates industrywide financial data that provides intel on the linen, uniform and facility services market so operators can identify strategies, markets and best practices to facilitate growth and long-term success. TRSA members who participate receive an individualized industry performance report (IPR) for easy comparison with competitors free of charge.
Foot traffic analytics platform Placer.ai recently quantified the COVID-induced impacts on various industries that represent a significant portion of the facility services market, identifying how recent changes in consumer behavior are hurting some segments of these industries while helping others.
Salespeople know what got them to where they are today. Yet salespeople and their leaders often struggle to determine what they should be training their people on when there are an unlimited number of options available. Training has to be relevant and immediately applicable if we’re going to get salespeople engaged, and that’s a challenge in and of itself.
