Transportaion

Q&A With … Dave Toland, KS Department of Commerce

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

KC Southern Gets Positive Analyst Ratings

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

Airlines Forecast Major Layoffs

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 Suspending Service to 10 Airports

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

Car-Rental Companies Hit by COVID-19

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 Dealers Lose $2.6B in Two Months

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

U.S. Trade Deficit Grows Nearly 12%

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

Southwest, KCI Anchor, Loses $94M

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… more

Buffett Drops Airline Stocks, Big on Furniture Mart

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… more

Seaboard Reports $103M Loss

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.… more