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Southwest Airlines (LUV)
Southwest Airlines Cargo was recognized as the top airline in the world in Air Cargo World's annual Air Cargo Excellence (ACE) Survey released today. Rated against 84 airlines, Southwest Airlines (NYSE: LUV) earned the highest overall airline score, led all airlines in the Performance and Value categories, and received the highest honor, the Diamond Award.
The Air Cargo Excellence Survey, established five years ago and published annually by Air Cargo World, acknowledged Southwest Airlines Cargo for achievements in air cargo excellence in four key areas: Customer Service, Performance, Information Technology, and Value.
Mar 11 · 3:22:00 PM · Source: Company Press Release
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by Steve Wieczorek
PATRIOT COAL CORPORATION (PCX)
Patriot Coal Corporation (NYSE: PCX) says it has resumed operations at the Federal No. 2 mine near Fairview, West Virginia. Operations at the mine were suspended on Friday, March 5 when the Company found an air quality measurement to be out of compliance with its ventilation plan. Alterations to the Company's ventilation plan have been approved by the U.S. Department of Labor, Mine Safety & Health Administration and the West Virginia Office of Miners' Health, Safety and Training. Air quality measurements are in compliance with the Company's approved ventilation plan.
A seemingly routine compliance issue, but one that might have caused problems if the response had been delayed. The upshot is that potential demerits were avoided, and perhaps even brownie points gained from regulators for the prompt response.
Mar 9 · 12:29:00 PM · Source: Company Press Release
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by Jeffrey Epstein
Spectra Energy (SE)
Spectra Energy Partners, LP (NYSE: SEP) today announced it has signed a precedent agreement with the Tennessee Valley Authority (TVA) for an expansion of its East Tennessee Natural Gas (ETNG) pipeline system to provide firm transportation services of up to 150 million cubic feet per day (Mmcf/d) to TVA's proposed 880-megawatt combined cycle, natural gas-fired power plant in northeast Tennessee.
The scope of the Northeast Tennessee (NET) Project, which has an estimated
capital cost of $135 million, includes expanding or modifying existing
facilities on the ETNG system and building a new, 8.5-mile mainline extension
that would generally follow TVA's existing transmission line corridor. The use
of existing utility corridors and pipeline rights-of-way, where possible, will
minimize the effects on landowners and the environment.
The new pipelines would increase natural gas transmission capacities. Project is subject to approval by the company board of directors, and by regulators.
Mar 9 · 12:20:00 PM · Source: Company Press Release
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by Jeffrey Epstein
Kinder Morgan Energy Partners, L.p. (KMP)
Fayetteville Express Pipeline, L.L.C., today announced that construction has
begun on the Fayetteville Express Pipeline (FEP), a 50/50 joint venture between
Energy Transfer Partners, L.P. (NYSE:ETP) and Kinder Morgan Energy Partners,
L.P. (NYSE: KMP). The approximately 185-mile, 42-inch natural gas pipeline will
serve the Fayetteville Shale producing region in Arkansas with an initial
capacity to transport up to 2 billion cubic feet per day.
Mar 9 · 12:13:00 PM · Source: Company Press Release · Related: ENERGY TRAFER PARTNERS
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by Jeffrey Epstein
Republic Airways (RJET)
Republic Airways (NASDAQ:RJET), the new owner of Midwest Airlines has added almost 400 jobs in Milwaukee since last October, according to WHBL.com. That’s approximately half the 800 total jobs that Republic Airways promised to add by the end of this year. However, it still doesn’t come close to replacing the 2,600 jobs Midwest has dropped since the start of 2008.
Republic says it has 1,140 employees in Milwaukee and nearby Oak Creek. The new jobs are designed to boost Midwest’s market share in Milwaukee, which has dropped from 50 percent to around 35 percent.
Mar 9 · 12:05:00 PM · Source: WHBL.com
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by Steve Wieczorek
Whole Foods Market (WFMI)
Reuters is reporting that at the Whole
Foods Market shareholder meeting in Vancouver, BC, the Sustainable Supply
Chain Coalition, an alliance of environmental groups, food activist
organizations and labor unions, rallied today in support of four shareholder
resolutions and called for a change in Whole Foods Market, Inc. and its supplier United Natural Foods Inc. unsustainable
business practices. "I am concerned about Whole Foods' expansion into Canada," said Don McGill,
Teamster Vice President, Canada. "Whole Foods workers do a great job but how
can the Canadian workforce expect Whole Foods management to operate with
respect for workers' rights when we have seen their violations in the United
States?"
This could snowball, even if only from a PR standpoint. Having the teamsters against you is not a good thing.
Mar 9 · 12:04:00 PM · Source: Reuters.com
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by Rich Pike
Estee Lauder (EL)
Cosmetics manufacturer and marketer The Estee Lauder Companies Inc. has created a new division, The Corporate Marketing Center of Excellence, aimed at boosting its global marketing efforts and driving traffic to its e-commerce sites. The company appointed Johnson & Johnson marketing executive Georgia Garinois-Melenikiotou, to oversee the division as senior vice president, corporate marketing, effective April 1.
In her new role, Garinois-Melenikiotou will oversee the corporate marketing team that supports Estee Lauder’s brand-specific marketers as well as its research and development and regional teams. She will lead efforts to strengthen consumer marketing effectiveness across the organization.
Mar 9 · 11:49:00 AM · Source: Internetretailer.com
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by Rich Pike
Dr Pepper Snapple Group (DPS)
MarketWatch.com is reporting that Moody's Investor Service said Monday that it raised the long term debt rating of Dr Pepper Snapple Group Inc. to Baa2 from Baa3. The outlook is positive. The upgrade was due to "good business momentum and substantial improvement in financial metrics since DPSG's spin off from Cadbury in May 2008," Moody's said in a statement.
This can help Dr Pepper Snapple over time to reduce their borrowing costs.
Mar 9 · 11:45:00 AM · Source: MarketWatch.com
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by Rich Pike
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