Revival of steel industry lifts Great Lakes shipping in 1987
On the Great Lakes in 1987 shipments rose for iron ore and stone as a revived domestic steel industry boosted activity. Iron ore tonnage climbed to about 59 million tons from 51 million in 1986 while stone rose to 33 million tons. coal held steady. Shipments from Escanaba to Gary and Soo locks activity increased, and 59 of 71 American fleet vessels operated that year.
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Glen G. Nekvasil
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American Iron and Steel Institute
Washington, D.C
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Brian Reed
U.S. Coast Guard
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Lake Carriers Association
Montana
Superior
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Oak Tree Realty to acquire McGee Associates in Greater Cleveland
Oak Tree Realty Co of Westlake plans to buy McGee Associates Realty Inc. Neil E. Bennett says the merger will create a larger firm with a stronger share of the residential resale market in Greater Cleveland. McGee President Robert McGee will become Oak Tree general manager and oversee 150 homes to be built by Bennett Builders in 1988. The combined sales are expected to reach about $80 million this year.
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Akron
Canton
Marine Corps
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Parma
GE to Lay Off 350 At Cincinnati Jet Engine Plant
About 350 GE Aircraft Engine hourly workers in Cincinnati face layoffs next week as production ends on several military contracts. The cuts amount to 5 percent of GE’s hourly workforce, tied to the closing of the F101 engine program for the Air Force B 1B bomber.
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GE Jet Engine
Cincinnati
General Electric
Evendale
December heating bills dip as arctic chill hits later
Americans faced an arctic blast with milder December weather lowering heating costs. The average December bill was 107.92 dollars, about 9.73 dollars below normal, with regional savings led by the Mountain and Pacific states. Total December heating costs were nearly 7.8 billion dollars, 700 million under expectation.
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Washington
Mountain
Pacific States
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