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COMMERCE COMMENTS
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By Wheelin’
& Warehousin’ Steve and Jeff Lanter have taken their entrepreneurial
father’s distributorship and turned it into a $140-million full-service
logistics organization. Headquartered in Madison, Ill., Lanter Company,
today, provides more than three million square feet of warehousing
space, and runs a fleet of 400-plus refrigerated trucks throughout
the country.
The subject of this month’s cover story by Kevin Kipp, Lanter offers
its customers a single source for transporting their products—trucking
a manufacturer’s raw materials to a plant to be converted into finished
goods, then taking the finished goods and warehousing them, filling
orders, and transporting them to their end-customers.
That’s third-party logistics and it makes sense for their customers,
which include Hershey’s, Procter & Gamble, Hormel Foods, Kimberly-Clark,
Dr. Pepper/7Up, and Nabisco.
St. Louis Commerce Magazine’s profile this month by Pam Droog,
features Patricia Mercurio, president, Bank Of America Missouri.
In this role, she oversees the delivery of all products and services
for all lines of business in Missouri, including more than 445 banking
and non-banking center business units in Missouri, of which more
than 160 are in the City of St. Louis. She’s also the senior banking
executive for community and civic activities, and St. Louis region
market executive for the Consumer Bank.
She is active in downtown revitalization and economic development.
In 1998, Bank of America made a $350 billion, 10-year commitment
to community development lending and investment. The bank has also
given $500,000 to Downtown Now! and owns Cupples Warehouse buildings,
which it plans to develop or sell for development.
Among her civic activities is her new role as chair of the 2002
Women’s Leadership Giving Initiative, recognizing women who support
the United Way annual campaign with contributions of $1,000 or more.
The United Way of Greater St. Louis ranks first among United Ways
around the country in dollars raised as a percentage of the total
campaign. An article on page 46 by Lou Malnassy, features the organization
and its prestigious Tocqueville Society, which recognizes individuals
who donate $10,000 or more to the United Way. In the 15 years since
the Society was formed, the number of donors has increased more
than 10-fold, and total contributions have risen 20-fold. In 2001,
370 donors contributed more than $7 million. And, the number of
large donors is steadily increasing, growing by nearly 10 percent
in 2001.
John Jacob, vice president of Global Communications for Anheuser-Busch
and his wife, Barbara, co-chair the Tocqueville Society. This year’s
goal is to grow the Society by 100 members and add one million new
dollars. Let’s all work with the Jacobs and their counterparts to
help exceed this goal.
Richard C.D. Fleming
President and Chief Executive Officer
St. Louis Regional Chamber and Growth Association
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