Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
0
Likes

How bad is Orlando traffic? Here's where we rank
Metro Orlando ranks 28th out of 240 U.S. cities for the amount of time drivers spend stuck in heavy traffic. That's according to a new report from Inrix Inc., a Kirkland, Wash.-based tech company that provides traffic data for mobile apps. The company estimates that Orlando drivers spent an average of 31.7 hours last year in congested traffic. Orlando Business Journal
Submitted 16 hours ago

7
Likes

Here's how the airlines did in on-time performance in January
The perennial on-time airline did it again in January, as Delta Air Lines posted a 77.5 percent on-time arrival result, according to airline data provider OAG. The U.S. Department of Transportation considers a flight to have arrived on time if it reaches the gate within 14 minutes of its scheduled arrival time. The surprise for the month was American Airlines. After lagging in third or fourth place among the four largest domestic carriers, the world's largest airline moved into second place in on-time arrival performance behind Delta (NYSE: DAL), the second-largest carrier at Orlando International Airport. Orlando Business Journal
Submitted 16 hours ago

4
Likes

Best-in-the-nation job growth entices developer to Williamson County, Tenn.
Chris Finlay's company has invested in Nashville apartment complexes for a number of years, and he's now joining the herd of out-of-state developers angling to seize their share of this region's growth. Middleburg Real Estate Partners, where Finlay is managing partner, is embarking on a 328-unit apartment complex with 31 for-sale town homes on land the company bought this month for $9 million. Finlay tells me he expects construction to start within the next couple of months or so, with prep work beginning in a couple of weeks. Nashville Business Journal
Submitted 16 hours ago

-4
Likes

Trump's Mar-a-Lago visits impacting small airport businesses, report says
President Donald Trump's frequent visits to Mar-a-Lago club in Palm Beach is costing nearby businesses money, reports say. The Secret Service on Friday closed the Lantana Airport for the third straight weekend because of Trump's return to his private club. The Sun Sentinel reported that security measures tied to his visit also shuttered a banner-flying company, maintenance companies and about two dozen other businesses tied to the airport, which is about six miles away from Mar-a-Lago. South Florida Business Journal
Submitted 16 hours ago

0
Likes

Miami drivers on average spent 65 hours in traffic last year — but that's not as bad as LA
Miami ranks 11th out of 240 U.S. cities for the amount of time drivers spend stuck in heavy traffic. That's according to a new report from Inrix Inc., a Kirkland, Washington-based tech company that provides traffic data for mobile apps. The company estimates that Miami drivers spent an average of 64.8 hours last year in congested traffic. Inrix estimates that traffic congestion costs each Miami driver $1,762 a year, a calculation based on a driver's lost time, additional fuel expenses and the "social cost of emissions," among other factors. South Florida Business Journal
Submitted 16 hours ago

19
Likes

The oldest Van Winkle bourbon ever to be released is coming this spring
A 25-year-old bottling of Old Rip Van Winkle bourbon is coming soon. Buffalo Trace Distillery, which makes Old Rip Van Winkle, Pappy Van Winkle and other bourbons, will release 710 bottles of this product in April, according to a news release. This bourbon will be two years older than the hard-to-come-by Pappy Van Winkle 23-year-old bourbon that often gets bourbon fans blood pumping. Louisville Business First
Submitted 16 hours ago

-7
Likes

Jacksonville-based CSX announces the reduction of 1,000 management positions
CSX Corp. announced today it will be laying off 1,000 management positions, mostly in Jacksonville, according to an email sent to the Business Journal from the railroad company. CSX's announcement (NASDAQ: CSX) comes as a part of the company's involuntary separation program which will be completed in March. There are 2,500 management employees in Jacksonville that may be affected, but to what extent this move affects local employees will not be known until an organization review is completed. The company announced enhanced separation benefits are being extended to employees impacted by the layoffs. Jacksonville Business Journal
Submitted 16 hours ago

-3
Likes

Houston named a 'risky bet' for office investors
A report from Silicon Valley-based Ten-X LLC, an online real estate marketplace, has dubbed Houston the No. 1 "sell" market in the nation. The report ranked the top U.S. markets in terms of whether office investors should buy or sell assets. Houston is among Cleveland, suburban Maryland, Memphis and Milwaukee as cities that are being "undermined by weakening labor markets" that's slimmed down office space demand and office absorption rates, according to the report. Houston Business Journal
Submitted 16 hours ago

0
Likes

Call center operator to add 600 jobs in High Point, N.C., on top of 800 previously announced
Global call center operator Alorica will add another 600 full-time jobs at its High Point customer engagement service office, augmenting 800 jobs that the company announced late last year that it would be adding there. N.C. Gov. Roy Cooper announced the jobs and applauded Alorica for the creation of 1,400 jobs, including benefits, at a Tuesday morning press conference. Triad Business Journal
Submitted 16 hours ago

11
Likes

DFW home sales skyrocket to record heights, but analyst says, 'there's no bubble here'
The Lone Star state has set some all-time record highs in 2016 as Dallas-Fort Worth sales — and prices — continued to skyrocket, and one analyst says he expects the housing market to continue to boom for the foreseeable future. "With all the job growth and in-migration of companies moving to Dallas-Fort Worth, we're going to continue to see a tremendous amount of activity," Ted Wilson, principal at Dallas-based Residential Strategies, told the Dallas Business Journal. Dallas Business Journal
Submitted 16 hours ago

1 2 3 4 5 6 7 8 9 10 ... 14962

 

 

 

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.
 


 

 

https://www.mississippi.org/
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2017 Randle Report
All of the South's Business and Political News in One Place
Login