Southwest opens expanded cargo facility at Denver International Airport
Southwest (LUV) announced the grand opening of its expanded cargo facility at the Denver International Airport. The nearly 30,000 square foot warehouse brings a new level of hospitality to Southwest Airlines Denver-area cargo customers, with six loading docks enabling the Southwest Team to serve multiple customers at the same time, large storage areas throughout the facility, and twice the amount of cooler space than previously available for refrigerated products.
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Axios
an hour ago
- Axios
A $91K salary is needed to afford rent in the Seattle area
You have to make nearly $91,000 per year to afford the typical monthly rent in the Seattle metropolitan area, according to a new report. Why it matters: That's about 23% higher than what a Seattle-area household would have needed to earn five years ago, per the analysis from Zillow. It's also about $10,000 more than the income needed to afford the typical rent nationwide, Zillow found. What they did: Zillow assumed that rent should take up no more than 30% of household income — a common standard for calculating affordability. Zoom in: By that measure, affording the typical Seattle area-rent — which came in at $2,271 in April — requires an annual income of $90,840. That's the 11th-highest income needed among the dozens of U.S. metros analyzed by Zillow. Yes, but: The median household income in the Seattle-Tacoma-Bellevue area was $110,744 in 2023 — well above what is needed to afford the typical monthly rent, per Zillow's analysis. That said, a single person may be in for more of a struggle. Census data pegged the per capita income in Seattle at $82,508 in 2023. What they're saying: "Housing costs have surged since pre-pandemic, with rents growing quite a bit faster than wages," Orphe Divounguy, senior economist at Zillow, said in a news release.
Yahoo
2 hours ago
- Yahoo
Fueled by trade tensions and foreign wars, a rush for an obscure mineral heats up in Alaska
A sign warns of a sled dog crossing along Old Murphy Dome Road outside Fairbanks. The road leads to a site where an Australian company called Felix Gold could begin mining antimony. (Max Graham/Northern Journal) Alaska hasn't produced antimony — a shiny mineral used in weapons, flame retardants and solar panels — in almost 40 years. That could change this summer, according to the executives of a Texas company that has snatched up more than 35,000 acres of mining claims in Alaska. Dallas-based U.S. Antimony Corp. is looking to the state as a new source of antimony for its smelter in Montana, the only plant in the United States that refines the mineral. Alaska's antimony, the company says, could help the U.S. overcome a recent ban on exports of the mineral from China, the world's top antimony producer. Antimony is among several minerals — many of which are used in renewable energy — that the U.S. has sourced primarily from China and other countries in recent decades. Efforts to build more mines in the U.S. have accelerated amid worsening trade tensions and growing demand. With no active antimony mines, the U.S. in recent years has imported roughly 60% of its antimony from China. Meanwhile, need for the mineral has surged as antimony-laden arms flow to wars in Ukraine and the Middle East. The price of the mineral has quadrupled in the past year, rising from around $13,000 to $55,000 per ton. U.S. Antimony is now expanding its Montana smelter and rushing to find more ore to supply it. Alaska is its 'primary focus' for boosting production, an executive said in an interview last week. In the past eight months, a U.S. Antimony subsidiary, Great Land Minerals, has acquired claims in three different areas of Alaska's Interior: outside Fairbanks; near the small town of Tok; and along the Maclaren River off the Denali Highway, a scenic road that runs outside the national park. U.S. Antimony says it's looking to truck antimony ore some 2,000 miles from Alaska to its processing plant in Montana. That operation could start as soon as September, executives said on a recent call with investors. 'We can't get that antimony from Alaska to Montana fast enough,' Joe Bardswich, U.S. Antimony's chief mining officer, said on the call. The company's plans coincide with a separate effort by an Australian company to start up its own small-scale antimony mine near Fairbanks. Felix Gold is seeking to restart production this year at a long-shuttered antimony mine that sits within a few miles of a residential subdivision, Hattie Creek. The company also is eyeing prospects near the hamlet of Ester on the outskirts of Fairbanks — where U.S. Antimony's subsidiary has claims, too. The potential developments are generating a mix of responses locally. Some residents worry about environmental impacts of mining and its potential to transform tranquil Fairbanks-area neighborhoods into noisy industrial sites. 'I don't want to be all NIMBY. But it literally is my backyard,' said Lisbet Norris, who lives in Hattie Creek, about 10 miles north of downtown Fairbanks. 'It's just so close.' Norris, a dog musher, runs sled tours on trails that cross Felix Gold's claims on state land, and she's concerned that mining might impede her business. She's also worried about heavy industrial use of the dirt road that connects her neighborhood — and Felix Gold's potential operations — to the rest of town. Other Fairbanks residents, however, say they support mining in the area; some cite the town's early history as a gold mining town and the potential economic benefits of new mines. 'It's because of mining that Fairbanks is what it is,' said Roger Burggraf, a local prospector who owns some of the claims that Felix Gold has leased to study the feasibility of antimony mining. Burggraf said he understands the concerns of people who live near gold and antimony prospects. But when they bought their properties, 'they should have realized that if a mine developed, that might change their lifestyle,' he added. Felix Gold has a permit only for mineral exploration, not active mining. The company aims later this year to apply for additional state permits, and to finish studying the profitability of developing a small antimony mine near the Hattie Creek subdivision. U.S. Antimony also has applied only for a permit to search for antimony, though it hopes to apply for more permits and start mining within a year. If its exploration efforts show a mine would be profitable, it would propose an underground operation, said Rodney Blakestad, U.S. Antimony's vice president of mining. The footprint would be small, more similar to the family-run placer mines in the area than to a large-scale hardrock mine, according to Blakestad. 'We're not Fort Knox,' he said, referring to Fairbanks' huge open pit gold mine. But before U.S. Antimony begins mining, it wants to buy antimony ore from existing placer gold mines. Antimony often appears alongside more-valuable gold, and gold miners have typically thrown it aside. Now that antimony prices are surging, though, U.S. Antimony representatives say every little bit is valuable. A 25-ton truck could carry some $600,000 worth of minerals, Bardswich said in an interview. That means small loads of antimony ore from shallow, exploratory trenches that the company intends to dig at its Alaska prospects this summer also could be worth driving 2,000 miles to the Montana smelter, company executives said. In the meantime, they intend to launch an advertising campaign to share their interest in buying the mineral from placer miners. 'People don't realize this: Gold is not the best mineral to be mining, if you're looking for really good value,' said Blakestad. 'Antimony is.' Northern Journal contributor Max Graham can be reached at max@ He's interested in any and all mining related stories, as well as introductory meetings with people in and around the industry. This article was originally published in Northern Journal, a newsletter from Nathaniel Herz. Subscribe at this link.
Business Journals
3 hours ago
- Business Journals
Plan for 3 new towers near downtown Austin approved
El Paso-based Hunt Companies has secured the zoning it needs to build three high-rises across the river from downtown Austin. Read more about the skyline-changing plans in this report, which includes a list of Austin-area construction companies.
