Mr. Duggan attributes the turnaround in part to Vanguard’s commitment to improve and expand DMC facilities. Vanguard will spend $500 million on expansions and renovations and $350 million on routine capital in the next five years. Mr. Duggan also said Vanguard’s ownership has “boosted employee morale,” according to the report.
Keith Pitts, vice chairman for Vanguard, said in the report the parent system has been “very happy with some of the volume trends [in the Detroit market].”
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