Transportaion
Southwest Airlines, which is considered the carrier with the most flights through Kansas City International Airport, reported a loss of $94 million during its most recent financial quarter. Capacity at the airline has decreased about 70 percent in the month…
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Berkshire Hathaway, Warren Buffett's investment company, has sold its shares of the four largest airlines after taking a $50-billion loss during its most recent quarter. However, the company still has $137.3 billion in cash. "The world has changed for the…
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Merriam-based Seaboard Corp. reported a $103 million loss during its most recent quarter, a big drop from the same year-ago period, when the company earned $57 million. Net sales did rise, hitting about $1.7 billion from $1.5 billion last year.…
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Some of the nation's largest auto insurers are giving consumers a break since they aren't driving nearly as much during the COVID-19. Collectively, they are reportedly giving $7 billion in refunds and credits through May, including State Farm, which is…
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Year-over-year passenger traffic in March was down 52.8 percent, according to the KC Aviation Department, as 480,690 passengers arrived and departed from the facility during the month. Passenger boardings dropped 55.2 percent, to 227,860, while year-to-date boardings fell 21.4 percent.…
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The oil industry is among those feeling pain due to COVID-19, and futures prices have dropped to below zero for the first time ever in history. The West Texas Intermediate fell to negative $37.63 per barrel for May, which means…
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Kansas City Southern had some good news during COVID-19 times. The railroad transportation-holding company reported record revenues of $731.7 million, up eight percent year over year. The gains were led by and 18 percent increase in chemical and petroleum shipments,…
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The city council in Kansas City has approved $72.8 million to pay for the replacement of the Buck O'Neil Bridge, which connects Downtown to north of the Missouri River. It is being paid for by a mix of bond issues…
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President Donald Trump has named two Kansas City-area executives to what have been dubbed the Great American Economic Revival Industry Groups. Steven Bresky, the president and CEO of Merriam-based Seaboard Corp., was named to a group focused on agriculture. Meanwhile,…
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Airports are getting stimulus money through the federal government via CARES Act grants, and the Kansas City International Airport will be one of the recipients . KCI will receive just under $43.3 million in stimulus. Airports across the country will…
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