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Anheuser-Busch Foundation Donates $1 Million to Webster University
St. Louis Front Page - Business and Technology News 
St. Louis Front Page P.O. Box 1354 St. Louis, MO 63188 Office: 314-771-0200 Fax: 314-771-0300 To submit news, contact: editor@slfp.com To advertise, contact: advertising@slfp.com |
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Key Bioscience Company to Remain in St. Louis ST. LOUIS, MO, (SLFP.com), August 25, 2010 - Leinco Technologies, Incorporated - a biotechnology company based in St. Louis county - will remain in the area, more than tripling their workforce and building a new, state-of-the-art facility in a building formerly attached to the Fenton Chrysler plant. In a statement, U.S. Congressman Russ Carnahan, "This is great news, not just because of the economic impact these good-paying jobs will have across the St. Louis region. It also reaffirms St. Louis' prominence as a major hub for biotechnology. This is what can happen when we leverage our regional strength as a center for bioscience into sustained, economic growth and high-quality jobs." The Missouri Technology Corporation, Missouri Department of Economic Development and St. Louis County Economic Council announced they had approved a package of loans and tax credits to help Leinco expand their operations in St. Louis. The incentive package includes a $1.33 million Small Business Administration loan that will help the company to create a 27,000 square-foot biotech research and manufacturing facility in a building that was once part of the Chrysler supplier complex. The agreement ensures that Leinco Technologies, which had previously announced it was moving its operations to Florida, will remain in the St. Louis area. The company indicated that as part of the expansion, it will retain 20 positions and hire 48 additional full-time employees; already, Leinco has hired several displaced Pfizer workers, allowing them to stay in the St. Louis region. Greener, Cleaner Hybrid Buses Debut in Missouri ST. LOUIS, MO, (SLFP.com), August 25, 2010 - The carbon footprint just got a little smaller in two Missouri communities thanks to the Missouri Department of Transportation's Transit unit. The unit helped two local public transportation agencies each purchase a new hybrid vehicle that promises to run cleaner and cheaper than standard buses. These vehicles are now in service in Poplar Bluff and Warrensburg. MoDOT bought the hybrid vehicles on behalf of OATS and Southeast Missouri Transportation Service, Inc., using federal transit funds to offset 80 percent of the cost. The hybrid electric technologies in these buses have the potential to reduce fuel use by up to 40 percent, lower maintenance costs by 30 percent and reduce emissions by up to 30 percent. "We are excited to be among the first states to introduce hybrid technologies on rural transit routes," said Steve Billings, administrator of MoDOT's Transit unit. "Missouri is literally on the ground floor of this promising new technology. Over time, we will evaluate the performance and reliability of these vehicles to see how well they meet their potential for reducing harmful emissions, using less fuel and requiring less maintenance." OATS, a not-for-profit public transportation system that serves 87 Missouri counties, will receive one of the new hybrid vehicles. It will be assigned to the Old Drum Bus route in Warrensburg. "OATS is pleased to have the opportunity to test this hybrid vehicle with the Warrensburg service to determine its feasibility as a money saving measure," said Linda Yaeger, executive director of OATS, Inc. "We appreciate MoDOT assisting us in obtaining the hybrid." SMTS will receive the other hybrid vehicle. This not-for-profit operation serves more than 10,000 people in a 20-county area in southeast Missouri. Its new hybrid bus will be used on the deviated (flexible) fixed-route transit service in Poplar Bluff. U.S. Airlines Post Seventh Consecutive Month of Revenue Growth ST. LOUIS, MO, (SLFP.com), August 22, 2010 - The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, has reported that passenger revenue, based on a sample group of carriers(1), rose 20 percent in July 2010 compared to the same month in 2009, marking the seventh consecutive month of revenue growth. The pace of improvement slowed from the 25 percent year-over-year gain realized in June. Approximately 1 percent fewer passengers traveled on U.S. airlines in July, while the average price to fly one mile rose 17 percent. International passenger revenue rose 36 percent, led by a 52 percent gain in trans-Pacific markets. "Demand for air travel remains well above last year's depressed levels, but the industry is mindful of cautionary notes about the health of the overall economy," said ATA President and CEO James C. May. U.S. airlines(2) saw cargo traffic, as measured in cargo revenue ton miles, rise 19 percent year over year (8 percent domestically and 28 percent internationally) in June 2010, driven by increased international trade. July 2010 cargo data is not yet available. Annually, commercial aviation helps drive more than $1 trillion in U.S. economic activity and nearly 11 million U.S. jobs. On a daily basis, U.S. airlines operate approximately 25,000 flights in 80 countries, using more than 6,000 aircraft to carry an average of two million passengers and 50,000 tons of cargo. ATA airline members and their affiliates transport more than 90 percent of all U.S. airline passenger and cargo traffic. (1) Based on data reported to ATA by Alaska, American, Continental, Delta, JetBlue, United and US Airways; also includes data for Air Midwest, Air Wisconsin, Allegheny, American Eagle, Atlantic Coast, Atlantic Southeast, Chautauqua, Comair, Continental Express, Executive, Freedom, Horizon, Mesa, Mesaba, MidAtlantic, Piedmont, Pinnacle, PSA, Shuttle America, SkyWest and Trans States. (2) Based on data reported to ATA by Alaska, American, Continental, Delta, FedEx, Hawaiian, JetBlue, Southwest, United, UPS and US Airways.  
The Saint Louis Front Page is owned and maintained by the Moore Design Group for the sole purpose of disseminating news and information about the Metropolitan Saint Louis area. Text or graphics may not be copied, rewritten or distributed in any manner whatsoever without written permission. For more information, contact editor@slfp.com All rights reserved world wide © 1996 - 2010 Moore Design Group. |
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