June 28, 2019 $40 million manufacturing plant coming to Hazel Park, MI Source: Dustin Walsh, Crain’s Detroit German battery maker Akasol AG plans to open a $40 million manufacturing plant in Hazel Park. The plant will be located at the former Hazel Park Raceway and is expected to create 224 jobs. The …
June 27, 2019 Developer says stalled Baltimore, MD project will still move forward Source: Melody Simmons, Baltimore Business Journal The Hendler Creamery development in the Jonestown neighborhood of Baltimore has stalled, but according to the developer the project will still move ahead. Once completed, the $75 million project will include nearly 300 …
June 26, 2019 167-acre industrial park coming to Indianapolis, IN area Source: Mickey Shuey, Indianapolis Business Journal Jones Development Co. has begun construction on the first phase of a 167-acre industrial park in Whiteland, IN. The first phase of the the development will consist of two buildings which will total more than …
Source: Sam Meredith, CNBC A rise in tensions between the U.S. and Iran caused a climb in crude prices. The prospect of a military conflict caused Brent crude to jump 5% last week, and West Texas Intermediate benchmark to rise by 10%. Petroleum Prices Diesel and Gasoline (U.S. Averages) Units …
June 25, 2019 Major apartment/mixed-use development coming to Charlotte, NC Source: Ashley Fahey, Charlotte Business Journal Over 300 apartments, as well as ground-floor retail space, are coming to a new development in Charlotte. The 2.8 site is located near West Fifth Street and Wilkes Place. The development is known as 500 West Trade. …
June 24, 2019 Major mixed-use development coming to Durham, NC. Source: Caleb Harshberger, Triangle Business Journal Beacon Properties Group of Chapel Hill, NC is moving forward with plans for a mixed-use development in Durham near US 15-501 and New Hope Creek. The project will include 100,000 square feet of commercial space and 57,000 …
June 21, 2019 Number of truck drivers reaches all-time high, but driver shortage persists Source: Eleanor Lamb, Transport Topics According to the U.S. Census Bureau, the number of truckers is at an all-time high. The number rebounded to 3.5 million in 2017 after sinking to fewer than 3 million during the Great …
U.S. home construction drops 0.9% in May Number of truck drivers reaches all-time high, but driver shortage persists Source: Martin Crutsinger, Associated Press via The Detroit News May saw a sharp drop in construction of single-family homes. Apartment building construction actually rose during the month, but not enough to offset the decline, which analysts …
Source: Sam Meredith, CNBC The International Energy Agency has lowered its estimate for global oil demand growth. The agency cited the trade war between the U.S. and China as well as fears of a global recession. Crude futures have fallen more than 15% since the start of April. Petroleum Prices Diesel …
June 13, 2019 Source: Lauren Ohnesorge, Triangle Business Journal Corning Incorporated is moving forward with plans to expand its manufacturing operation in Durham. According to Corning, construction has begun on the project. The company is also waiting for a city council vote regarding a utilities extensions agreement with Durham County. Corning announced in 2017 …
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