Transportaion
Oil prices are gaining some ground after weeks of near-all-time-lows since the outbreak of COVID-19, due to the reduction of travel and the transportation of goods. It comes as Wall Street is set for a big uptick, and the New…
more
Flights at Kansas City International Airport are expected to fall in June, with 100 less daily departures year over year, due to COVID-19. There are about 20 routes suspended, which will result in 108 fewer daily departures and 14,791 fewer…
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
While most companies across the metro area are facing tough times, there is some bright news for railroad company Kansas City Southern. The firm apparently has a 13.1-percent upside in income, according to analyst ratings, with 18 analysts considering the…
more
With $2 billion of losses estimated daily, the airline industry is facing the sobering reality of major layoffs throughout various positions. Even though the federal bailout of $25 billion does not allow airline companies to lay off workers, that money…
more
Delta Air Lines, one of the largest carriers at Kansas City International Airport, is suspending service to 10 airports across the country until Sept. 30, due to COVID-19. The locations include Chicago Midway International Airport, Oakland International Airport, Hollywood Burbank…
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
Auto and truck dealerships lost $2.6 billion in potential profits from the beginning of March through the start of May, says a recent J.D. Power report. Customer purchases were down $41.3 billion during the period, with new-vehicle purchases dropping $26.3…
more
The U.S. trade deficit increased 11.6 percent in March, bringing it up to $44.4 billion, a $4.6-billion rise from February. Meanwhile, the year-over-year increase in the trade deficit for the period was up 17.8 percent. The March deficit was reportedly…
more
