By Tara Ramsey, staff writer
Published: August 16,2011
The Union County Board of County Commissioners has approved the rezoning of more than 35 acres along the future path of the Monroe Connector/Bypass so that a paving company can work on the toll road project. On Monday, commissioners approved Monroe-based Boggs Paving’s request for the property to be rezoned from agriculture to light industrial. The company, [...]
By Tara Ramsey, staff writer
Published: August 10,2011
The Rock Hill Planning Commission and the city’s Zoning Board of Appeals approved requests Tuesday from Pleasanton, Calif.-based Ross Dress for Less Inc. Ross made the zoning and variance requests so that it can construct a freight terminal on 166 acres at 525 Springdale Road. The proposed Daisy Distribution Center would include a two-story, 65,400-square-foot [...]
By Mecklenburg Times staff reports
Published: July 29,2011
Blaming it in part on high fuel prices, Charlotte-based Horizon Lines today said it had a second-quarter net loss of $5.4 million, or 17 cents a share, compared with profit of $3.65 million in the year-ago quarter. The ocean-shipping company had operating revenue of $307.5 million in the quarter, up from $291.4 million in the [...]
By Mecklenburg Times staff reports
Published: July 20,2011
The Charlotte Area Transit System is getting an $847,417 boost from the North Carolina Department of Transportation. The department’s board of transportation has OK’d the funding to improve public transportation in the Charlotte area. Funding is coming from three programs administered by the NCDOT’s Public Transportation Division. Through the Urban/Regional Bus and Facility Program, CATS was [...]
By Scott Baughman, staff writer
Published: July 19,2011
Between banks and NASCAR, corporate jets regularly cast their shadows on Charlotte’s landscape. With 237 private and company planes based at facilities in Mecklenburg County, the impact of such aircraft on the county last year was about $110 million, according to county estimates. “We have a lot of traffic in jets,” said Richard Lewis, director [...]
By Mecklenburg Times staff reports
Published: July 15,2011
US Airways came in at No. 11 among 16 airlines ranked for on-time arrivals in May, according to an Air Travel Consumer Report released this month by the U.S. Department of Transportation. US Airways, which is based in Tempe, Ariz., but operates its largest hub at Charlotte/Douglas International Airport, had an on-time arrival rate of [...]
By Mecklenburg Times staff reports
Published: July 15,2011
DesignLine USA said it has been awarded a contract by New Jersey Transit to manufacture 76 compressed natural gas buses. The Charlotte-based company did not provide details on the financial terms of the deal. The buses are expected to be delivered during 2012. DesignLine says its buses are better for the environment than traditional buses. [...]
By Mecklenburg Times staff reports
Published: July 13,2011
Sonic Automotive said it has amended and extended its credit facilities that were scheduled to mature in August 2012. The amended credit facilities, which will now mature in August 2016, provide for up to: • $500 million for new vehicle inventory floor plan financing, an increase of $179 million; • $80 million for used vehicle inventory floor plan financing, an increase of $30 [...]
By Mecklenburg Times staff reports
Published: July 12,2011
Bank of America Corp., Time Warner Cable and US Airways have something in common: They’re all on The Atlantic’s “19 Most Hated Companies” list, which the publication released this month. Bank of America, the only one of the three headquartered in Charlotte, is No. 19, with a satisfaction rating of 68 out of 100. “Customers [...]
By Mecklenburg Times staff reports
Published: July 1,2011
Duke Energy Carolinas today said it has requested approval from the North Carolina Utilities Commission to increase electric rates. When factoring in the company’s residential and commercial customers, it would mean an increase of about 15 percent. The Charlotte-based company said it wants to increase rates by approximately $646 million, adding that the need to pay [...]
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