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Archives: June 2012

June
27th

Mortgage foreclosures down in Tacoma in April, but delinquencies rise

Foreclosures are down but delinquencies are up in Tacoma.

The analytics firm CoreLogic reported this week that the Tacoma foreclosure rate – for foreclosures among outstanding mortgage loans – fell to 2.12 percent in April, a decrease of 1.04 percent compared to April 2011.

Foreclosures in Tacoma were was lower than the national average of 3.41 percent in April, the company said.

However, the mortgage delinquency rate increased in April, when 9.24 percent of mortgage loans in Tacoma were 90 days or more delinquent. This compares to 8.52 percent for the same period a year ago.

Statewide, the delinquency rate

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June
26th

Thurston County rail technology company to supply major components for Brazilian-built locomotives

Tenino-based Sygnet Rail Technologies has entered an agreement with a Brazilian locomotive maker to supply power modules and control systems for new locomotives for Sao Paulo’s rail transit system.

The initial orders is for four EIF locomotives with options for additional locomotives.
EIF2000 locomotive powered by Tenino-built engine module
EIF2000 locomotive powered by Tenino-built engine module

Sygnet Rail Technologies is the new moniker for the former Global Locomotives. Sygnet operates in a rail maintenance facility leased from Tacoma Rail.

Sygnet has roots tracing back to a former Tacoma Tideflats rail equipment builder and repair facility,

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June
26th

Boeing, Brazilian jet maker to collaborate on new military transport

The Boeing Co. and Brazil’s Embraer today announced an agreement to collaborate on a new twin-engine military transport program.

The two companies said they will share technical information and collaborate in sales efforts in markets where Embraer has not already received orders for the plane, the KC-390.
Embraer KC-390
Embraer KC-390

Boeing has both considerable experience in building military transports — its Long Beach plant is still building the C-17 heavy transport for air forces around the world — and a worldwide sales organization.

Embraer is well on the design path for the new plane,

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June
26th

Maritime executives gathering in Tacoma for emissions discussion

More than 100 shipping line, port, government and other maritime executives are gathering Thursday at Tacoma’s Hotel Murano to discuss compliance with new emission rules for large ships.

The new rules, effective Aug. 1, require large ship operators to reduce emissions from their vessels when operating within 200 miles of the coasts of the United States or Canada.

The maritime executives will share information about strategies to meet the new rules. Those strategies range from burning cleaner fuels to installing emission control devices on the ships’ engines. The forum will also include information about how the United States and Canada

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June
25th

Owner of Tehaleh, Pierce County master-planned community formerly called Cascadia, chooses builders

The owner of the master-planned community formerly known as Cascadia has chosen four companies to start building homes next month.

Newland Communities announced Monday that it has chosen Lennar, Richmond American Homes, Quadrant Homes and Benjamin Ryan Communities to exclusively build at Tehaleh, on the Bonney Lake plateau. A fifth company, which has not yet been named, will build active adult housing for people over 55.

Together, the builders will have exclusive rights to the first 350 lots in Tehaleh.

“We’re very honored to have this group of builders in the community,” Newland vice president Scott Jones said.

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June
25th

Space Shuttle trainer arriving at Boeing Field Saturday

Seattle’s Museum of Flight is preparing a celebration for the Saturday morning arrival of the cockpit section of the Space Shuttle Trainer at Boeing Field.

The trainer’s transport from NASA’s astronaut training center in Houston won’t be a dramatic and visible as the recent appearances of Space Shuttles being carried bareback on a Boeing 747 to museums in New York and Washington, D.C., but it will generate its own kind of excitement.
NASA Super Guppy
NASA Super Guppy loading Shuttle Trainer cockpit

The cockpit section of the trainer will be carried aboard an unusual aircraft,

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June
25th

Sea-Tac losing only non-stop to Memphis

Delta Air Lines is canceling the only non-stop flight between Sea-Tac Airport and its hub at Memphis.

The airline’s new schedules show that overnight flight will be shut down beginning Aug. 14.

The flight’s deletion from Delta’s schedule is part of general retrenchment at Memphis by the nation’s second-largest airline.

Delta reduced frequencies to nine cities from Memphis beginning in August and September and cancelled all flights from Memphis to three cities, Seattle, Pensacola, Fla. and Fort Smith, Ark.

Earlier this year, the airline had announced schedule cutbacks to six other cities from Memphis beginning in late summer and early

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June
25th

South Sound gas prices, crude continue plunge

The steep plunge in gasoline prices in the South Sound continued this week with pump prices down 18.2 cents in just a week, and more than 60 cents a gallon from the Memorial Day holiday when prices peaked.

In the Tacoma area Monday, the average price of a gallon of unleaded regular was $3.684. That’s down from $4.282 just a month ago, according to The News Tribune’s Gas Deal Finder.

That price is more than a dime below what it was at the same time last summer.

In Olympia, prices have seen a similar plunge with Thurston County’s

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