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Contributors
Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.
C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.
John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.
Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.
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Bill Boyer, a former Alaska Airlines baggage handler and Lakewood espresso bar owner, is expanding his Hawaii-based airline.
Boyer's Mokulele Airlines, which he bought in 2005 with the proceeds of the sale of his business marketing a portable video player to airlines, is reportedly considering adding larger jets to its inter-island fleet. Boyer's Dig-E-Player was first marketed to his former employer, Alaska.
Industry sources say Mokulele wants to lease 70-seat E-170 twinjets from Republic Airways Holdings to operate in the islands under the Mokulele name.
Boyer's airline now operates single-engine, nine-passenger Cessna Grand Caravans among the less-traveled islands.
With the demise of Aloha Airlines earlier this year and the financial troubles of inter-island carrier Go!, Boyer's airline could find an opening in a market that traditionally has been a tough one for competing carriers. Both Aloha and Hawaiian airlines recently emerged from bankruptcy, and Aloha entered it again leading to its liquidation.
Airbus, propelled by the popularity of its A-330 twin jet, is beating Boeing in airliner orders through the third quarter.
Airbus orders through Sept. 30 total, somewhat ironically, 737. Boeing orders for the year to that date total 623.
Airbus' most popular plane, the A-320, has won 471 orders for the year. Boeing's most popular model, the 737, has earned one fewer order, 470.
Boeing's second most popular model, the 787, garnered 78 orders this year through September while Airbus' comparable airliner, the A-350XWB won 138 orders, the same as its A-330.
Boeing's 767 has gained 20 orders this year. Airbus' comparable aircraft, the A300/310, recorded a loss of five.
The two plane makers' largest planes, the 747 and the A-380 each won three orders. Airbus' A-340 lost eight orders this year so far.
Kelly Haughton, strategic director of global indexes at Tacoma-based Russell Investments, has announced his retirement to fellow employees. The retirement will be effective next Friday, Oct. 14.
The company has not issued a press release concerning Haughton’s departure, but a post this morning on the index-related Web site IndexUniverse announced the departure.
Haughton, who has been with Russell since 1982, is chiefly responsible for the company’s entry in to the arena of stock indexes. He led the development of the Russell 1000, 2000 and 3000 indexes.
According to his company biography, Haughton spent 12 years heading Russell’s client client services program for U.S. institutional investors. He has overseen the provision of asset allocations, the setting of investment objectives and the delivery of investment performance reviews.
Haughton has also been active in community affairs, serving on the board of directors of the Economic Development Board and Junior Achievement.
No successor has been named. IndexUniverse speculates that the position will be filled by current Russell employees sharing responsibilities.
Russell Investments, according to IndexUniverse, provides 63 percent of the benchmarks used by institutional investors “covering 55.6 percent of all U.S. institutional assets, or approximately $4.4 trillion in assets.”
Weyerhaeuser Co. said today it will sell its Trus Joist Commercial division to Greenwich, Conn.-based Atlas Holdings.
The proposed transaction will include four manufacturing plants across the United States located in Chino, Calif.; Hillsboro, Ore.; Delaware, Ohio and Stayton, Ore. and 13 sales and engineering offices. About 428 employees concentrated in the Northwest, Southwest and East serve the business, the company said in a statement.
Financial terms weren’t given and the deal is expected to close by year’s end.
“Our goal is to ensure that the Commercial Business is optimized for long-term growth,” said Carlos Guilherme, iLevel vice president of sales. “After a thorough review of the alternatives, we believe the decision to explore the sale of this business and its assets to Atlas Holdings is in the best interests of our shareholders, employees and customers. At the same time, that outcome would allow Weyerhaeuser to narrow its focus on core strategies in the residential structural frame market.”
Joist makes prefabricated wooden construction products.
