Manufacturing
SpaceX, the private company owned by Elon Musk, successfully launched two astronauts to the International Space Station over the weekend. If astronauts Doug Hurley and Bob Behnken make it back to earth safely, it could pave the way for commercial…
more
The Department of Agriculture released details on how the $19 billion in relief for farmers will be given out to recipients. Farmers that have suffered a loss of five percent or more are eligible for up to $250,000 per person.…
more
Ford's plant in Claycomo reopened yesterday, and across the state line, GM's Fairfax plant is set to open its doors again on June 1. Both have been closed since March. The facilities will have social distancing, face masks, and temperature…
more
Dave Toland is the Kansas Secretary of Commerce. Q. We've heard about national, and international issues with the supply chain. How is KS specifically impacted and are there any differences? A. Factory production disruptions due to COVID-19 related shutdowns have…
more
Hostess Brands had a favorable first quarter despite the onslaught of the COVID-19 pandemic, with revenues rising in the double digits. Sales rose 14.4 percent, hitting $243.5 million, mostly due to the $320-million acquisition of Voortman Cookies Limited in December.…
more
Sealy & Company, a Dallas-based commercial real estate firm, has purchased nine industrial buildings in Kansas City totaling just under 560,000 square feet. One of them is in Executive Park, in the industrial area of the Northeast neighborhood and is…
more
The major car-rental companies are seeing major decreases in sales and profits due to flight occupancy being down 95 percent on many carriers. Hertz recently missed a payment to a group of lenders and has until May 22 to reach…
more
Private-sector employment lost 20.2 million positions between April and May, according to the ADP National Employment Report, making it the biggest drop in its history. "Job losses of this scale are unprecedented," said Ahu Yildirmaz, co-head of the ADP Research…
more
About 17 percent of the 2,700-strong workforce at Triumph Foods pork plant in St. Joseph have tested positive for COVID-19. Of those that tested positive, about 90 percent of the workers were asymptomatic, said Triumph CEO Mark Campbell. "Those with…
more
Garmin was a rare bright spot in public-company earnings during its first quarter despite an economy challenged by COVID-19. The Olathe-based GPS-device maker saw earnings per share rise 25 percent quarter over quarter, while revenues were up 17 percent year…
more
