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The Top Transportation Challenges in 2014
The U.S. Department of Transportation's lead watchdog says that developing safety plans, inspecting bridges and tunnels and managing the future of air traffic technology will be among the biggest challenges facing the department in 2014. Governing.com
Submitted 3 years 21 days ago

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US MANUFACTURING OUTPUT INCREASES AT FASTEST PACE SINCE MARCH 2012
Markit PMI data for U.S. manufacturing hit 55, beating expectations. The production subcomponent as now at its greatest level since March 2012. The employment subcomponent accelerated. Business Insider
Submitted 3 years 21 days ago

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Here's The Sleek Concept Car Kia Will Show Off At The Detroit Auto Show This Month
Kia has released a photo of the concept car it's bringing to the North American International Auto Show in Detroit this month. So far, we're impressed. The GT4 Stinger rests just a few inches above the ground and sits on 20-inch wheels. To keep it glued to the road, Kia built in a carbon fiber front splitter below the bumper, to create downforce. To help it take off, the Korean automaker put a turbocharged 2.0-liter engine that will pump out 315 horsepower. All of that goes to the rear wheels. Business Insider
Submitted 3 years 21 days ago

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Gas Prices Will Fall in 2014. But You May Pay More at the Pump Anyway
Analysts expect gas prices to decrease or remain mostly flat not only in 2014, but for years to come. Nonetheless, drivers in some states will see higher prices at the pump, starting January 1. TIME
Submitted 3 years 21 days ago

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Duck Dynasty's Latest Venture Epitomizes America
The fellas over at Duck Dynasty now have their own line of Mossberg assault weapons. Business Insider
Submitted 3 years 21 days ago

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Good News for the Economy as 2014 Begins
Economy watchers had reasons to be cheerful Thursday morning as several economic reports pointed to stronger growth in 2014. The Labor Department announced that the seasonally adjusted number of “initial jobless claims,” or new workers who have filed for unemployment insurance benefits, fell in the week ending Dec. 21 to 339,000 from the previous week’s revised estimate of 341,000. TIME
Submitted 3 years 21 days ago

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Boeing Soars Despite A Turbulent 2013
On the very first Monday of 2013, Boeing got some bad news: There was a catastrophic battery fire on a 787 parked at Boston's Logan International Airport. Less than two weeks later, a second battery meltdown on another 787 prompted an emergency landing in Japan. Government regulators responded quickly. The Federal Aviation Administration ordered the entire fleet of 787s grounded indefinitely. The planes sat on the ground for more than three months while investigators and engineers figured out how to fix their overheating lithium ion batteries. Deliveries of new 787s were halted, too. But Boeing's stock never really faltered. In fact, the airplane manufacturer's stock price grew 80 percent over 2013, one of the market's best performers. NPR
Submitted 3 years 21 days ago

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Machinists chief once called pensions 'sacred'
The national union chief who has forced a vote on a pension-freezing Boeing contract proposal once called those retirement plans sacred and derided alternatives as risky. In statements during the past few years, Tom Buffenbarger has advised union members about the importance of protecting defined-benefit pensions. He also warned that the union shouldn't "fall prey to the trap that's been set elsewhere by other companies and other industries where we don't have pensions for new hires." Seattle Times
Submitted 3 years 21 days ago

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Vote on New Boeing Contract Highlights a Rift in the Machinists’ Union
After Boeing’s workers in Washington State voted down an eight-year contract extension in November, Boeing wasted little time in soliciting offers from other states to build its new 777X aircraft. Within weeks, 22 states made proposals to Boeing, with some offering billions of dollars in subsidies to lure a project that would mean thousands of jobs and the prestige of having such a prominent manufacturer. New York Times
Submitted 3 years 21 days ago

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Injuries reported as fire burns at La Porte pipeline facility
HOUSTON — Two contract workers have been injured in a fire at an Enterprise Products Partners facility near La Porte, Texas, officials say. The fire, which erupted Tuesday morning, is still burning, but has been brought under control. The workers were treated for minor injuries and released, said Enterprise Products Partners spokesman Rick Rainey. Fuel Fix
Submitted 3 years 23 days ago

 

 

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Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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