Capital Goods
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Manufacturing in the U.S. expanded at a faster pace in March as gains in production and orders showed the industry was mending at the close of a winter-depressed first quarter. more
Economic growth continued in the third quarter, but the pace was not as fast, according to the Rhode Island Current Economic Indicator, which showed growth at 2.3 percent in the third quarter, compared with 3 percent in the second quarter, according to the Rhode Island Current Economic Indicator briefing released Monday. more
More than two-thirds of U.S. roadways are in need of repair and the poor condition of the nation’s transportation network results in billions in extra costs, according to a White House report. more
Gasoline prices remain dropped a penny in Rhode Island and Massachusetts this week, the first time since early February that average prices in both states showed declines, according to the weekly survey by AAA Southern New England. more
The city has started the second year of work in its $40 million road re-surfacing project. Funded with a voter-approved bond in 2012, the road project completed 32 miles of repaving last year and began this year’s work Wednesday on Moses Brown Street in the Wayland Square neighborhood. more
Passenger traffic at T.F. Green Airport fell 6.2 percent in March compared with the same period last year, dropping from 335,578 total passengers in March 2013 to 314,784 last month, according to numbers released Tuesday by the R.I. Airport Corporation. more
Polypropylene films manufacturer Toray Plastics (America) Inc. announced Tuesday that Michael Brandmeier has succeeded Richard Schloesser as president and CEO of the company following Schloesser’s retirement. more
The struggling Rhode Island construction industry could help reduce the state’s high unemployment rate by 1.4 percentage points if allowed to foster changes that would restore jobs, according to a study prepared for five trade groups by a Bryant University economist. more
The Rhode Island School of Design on Monday kicked off National Manufacturing Month in October two days early with multiple events that includes the opening of Co-Works, a new facility focused on creation and collaboration. more
(Updated, 1:39 p.m.) The University of Rhode Island has named Christian Cowan the director of the Polaris Manufacturing Extension Partnership, the statewide nonprofit formerly known as the Rhode Island Manufacturing Extension Service. more
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