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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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BNSF plans to add 5,000 workers

BNSF locomotives. Photo courtesy of BNSF

Scott Nishimura
snishimura@bizpress.net

BNSF plans to hire more than 5,000 people this year across its network, including about 2,000 for expansion, the company said Tuesday.

“We see growth,” Carl Ice, the CEO, said in an interview on CNBC.

BNSF handled half of the railroad’s unit growth in 2013. In the fourth quarter, the company saw “surges in our commodity traffic, grain, energy, coal,” he said.

“That did strain our resources,” he said.

As for the winter, he said, “it’s been a very harsh winter. That had a detrimental impact to our customers, but we see broad-based growth. We’ve had several good weeks this year, despite the weather. We see positive momentum now.”

Steven Forsberg, a spokesman for the Fort Worth company said most of the new hires will replace retiring workers.

But 2,000 “will be for expansion to handle traffic growth on our network” he said.

BNSF employs about 3,500 in Fort Worth. Forsberg said he could not provide a projected employment breakdown for Fort Worth or other cities or states in the company’s network.

BNSF in February announced a projected record capital commitment plan of $5 billion for 2014, $1 billion over the capital it spent in 2013.

The capital plan includes $2.3 billion on BNSF’s core network and related assets. BNSF also plans to spend about $1.6 billion on locomotives, freight car, and other equipment.


 

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