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Transportation

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Court Avenue to be blocked on May 5

The city of Des Moines announced yesterday that the May 5 Cinco de Mayo party will require the closing of a downtown street. Court Avenue from Third Street to Fourth Street will be closed from …

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New Iowa DOT director named

Gov. Terry Branstad today announced that Paul Trombino III will serve as the director of the Iowa Department of Transportation (IDOT). Trombino will replace Nancy Richardson, who officially retires on Thursday.
 
Trombino is currently …

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Ford reports large gain, but expects big costs

Ford Motor Co., the second-largest U.S. automaker, said the $2.55 billion first-quarter profit it reported yesterday may be the company’s biggest this year as costs increase, Bloomberg reported..

Ford will face $4 billion in higher …

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Major airlines facing major losses

Delta Air Lines Inc. and US Airways Group Inc. reported first-quarter losses today, bringing the total deficit for the five largest U.S. carriers to $951 million, Bloomberg reported.

The combined loss, excluding special items, widened …

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Miller to leave DART for Florida agency

Brad Miller, general manager of the Des Moines Area Regional Transit Authority (DART), will leave the bus service in July, DART announced today.

Miller has accepted an offer from the Pinellas Suncoast Transit Authority in …

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Toyota’s production suffers, expected to ramp up

Toyota Motor Corp., which could lose production of 300,000 vehicles in Japan following earthquake-related shutdowns in that country, expects production to return to normal by the end of the year.

Bloomberg reported that Toyota may …

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DART to offer free rides on Friday

The Des Moines Area Regional Transit Authority (DART) is offering free bus rides on Friday to encourage commuters to park their cars for Earth Day.

DART is campaigning to increase public awareness of the environmental …

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Railroad shipping volumes show positive economic signs

Growth in railroad shipping volume indicates that the U.S. economic expansion is gaining momentum, even with rising energy prices in the first quarter, Bloomberg reported.

Total rail volumes, excluding grain and coal shipments, rose 7.9 …

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Jets often first to go with buyouts

Jet fleets at companies purchased through leveraged buyouts are at least 40 percent smaller than at similar publicly traded firms, Bloomberg reported.

Buyout funds soared leading up to the recession, and the financial discipline imposed …

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Winnebago shows mixed results, but long-term trend brightens


Motor home manufacturer Winnebago Industries Inc. delivered fewer motor homes to dealers in the second quarter of fiscal year 2011 than in the same period a year earlier, but the average unit price increased. The …