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Archives: April 2011

April
27th

Tacoma, Seattle and Olympia construction still lagging

Washington saw statewide construction jobs decline by 6,800 jobs between March 2010 and March 2011, new figures from the Associated General Contractors of America show.

That 5 percent decline mirrors a pattern still prevalent in most states as the homebuilding industry is still in the doldrums and commercial construction hasn’t picked up since the recession’s official end.

“Even with more metro areas adding jobs than in any 12-month period since November 2007, the fact is most areas are far below previous construction employment peaks,” said Ken Simonson, the association’s chief economist. “With federal stimulus, base realignment and Gulf Coast

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April
27th

Boeing surprises Wall Street with higher profits

A planned production rate slowdown on Boeing’s profitable 777 assembly line helped cut Boeing revenues in the first quarter, but the company squeezed out higher profits nonetheless.

That was the news that surprised Wall Street today as the Chicago-based company announced 13 percent higher earnings in 2011’s first quarter.

Those earnings amounted to $586 million, or 78 cents a share, compared with $519 for the same period last year. Wall Street had been expecting a 70-cent-per-share announcement.

The earnings came on revenues of $14.91 billion, down 2 percent from the $15.22 billion reported in 2010’s first quarter.

Boeing stock was

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April
26th

Port of Bremerton may seek 737 successor assembly plant

Boeing is still pondering if and when it will build a successor to its most successful jetliner, the 737, but the Port of Bremerton is already thinking about a campaign to attract a 737 successor plant to Bremerton National Airport.

The Kitsap Sun reported Monday that Port of Bremerton commissioners and staff members are discussing the possibilities among themselves and with staff members of U.S. Rep. Norm Dicks, D-Belfair.

“We are doing some behind-the-scenes exploratory efforts to learn more about this opportunity,” Tim Thomson, the port’s director of real estate and industrial development, told the newspaper.

Boeing has said this

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April
26th

Port terminal shut down because of chemical spill

Operators of one of the Port of Tacoma’s larger container terminals have notified truckers that the terminal is shut down indefinitely today while environmental workers clean up an early morning chemical spill.

The leaking container contains a chemical called
chlorobenzotrifluoride. According to the Tacoma Fire Department, the chemical is a solvent used in the printing industry.

The chemical leaked in two different spots, one on the dock at 1815 Port of Tacoma Road, and the other on the ship’s hull.

Firefighters were called to the pier shortly before 4 a.m. to investigate the spill where the Hyundai Oakland

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April
26th

McClatchy reports $2 million Q1 loss

The McClatchy Co., the California-based media company that’s the parent of The News Tribune, today reported a net loss of $2 million, or 2 cents a share, in the year’s first quarter.

The company blamed declining advertising revenues, particularly national advertising, and weaker circulation for the losses.

In this year’s first three months, revenues were down 9.5 percent to $303.7 million. Advertising revenues declined to $225.1 million, down 11 percent, and circulation revenues were $66.2 million, down 5 percent from 2010’s first quarter.

McClatchy reported a profit in the first quarter of 2010 of $2.2 million, or 3

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April
25th

Second new 747-8I nearing first flight

The second passenger version of Boeing’s new 747-8 appeared to have completed its taxi tests today at Everett’s Paine Field, a sure sign that the aircraft’s first flight could happen soon.

Given favorable weather conditions, that first takeoff could happen as soon as Tuesday for the latest version of the venerable 747.

The newest 747 will carry about 50 more people than its predecessor, the 747-400. The aircraft will be equipped with versions of the engines that power the 787 Dreamliner.

Those new engines along with aerodynamic improvements will increase the plane’s energy efficiency.

The new aircraft will have

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April
22nd

Port first quarter report card: mostly A’s and B’s

A surge in auto imports and log exports helped the Port of Tacoma meet its financial and business activity goals in this year’s first quarter, port executives told the Port of Tacoma commission this week.

That business upturn boosted the port’s bottom line income by $4.8 million over the port’s own first quarter budget projections. That increase was positively affected, too, by capital projects that initially were set for the first quarter that have been delayed until later in the year.

Total container unit numbers were up 8.8 percent for the quarter while autos imported here increased by 54.6

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April
22nd

Alaska Airlines rival, Virgin America, deferring aircraft deliveries

Virgin America, the San Francisco-based startup airline that is challenging SeaTac’s Alaska Airlines on some West Coast routes, said today it is deferring some scheduled aircraft deliveries because of higher fuel prices.

The airline said its fuel costs rose 65.3 per cent last year. Oil prices continue to rise worldwide affecting airline operating costs.

Virgin America Chief Executive Officer David Cush said the airline is slowing its growth plans by deferring the delivery of six Airbus A320 airliners scheduled for delivery in the second half of next year and of seven planes set for delivery in 2013.

The airline

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