Miami Twp.’s new FedEx Ground site project involves big numbers

Published: Tuesday, April 18, 2017 @ 6:56 AM


            The FedEx Ground South Dayton Facility in Miami Twp. will consume more than 249,000 square feet. NICK BLIZZARD/STAFF
The FedEx Ground South Dayton Facility in Miami Twp. will consume more than 249,000 square feet. NICK BLIZZARD/STAFF

Construction on the massive FedEx Ground South Dayton Facility on Byers Road in Miami Twp. remains on pace for a projected July opening, according to the company.

RELATED: FedEx Ground will not have firm job numbers until later

While documents filed last year indicate FedEx Ground could employ about 195 at the facility, the company has not yet decided how many workers the site will house, a spokesman said last week.

However, other numbers are documented about the site.

RELATED: FedEx Ground developer agrees to pay township

According to Montgomery County and township records, they include:

-$20 million: Value of the project as stated on building permit.

-249,506: Square footage of the distribution center.

RELATED: FedEx Ground confirms lease agreement

-$125,000: Maximum annual payment developer Scannell Properties has agreed to pay Miami Twp. over 10 years to fund a share of public safety and infrastructure costs. The payments would begin at $80,000.

-845: Total number of parking spaces at the site.

RELATED: Initial estimate had cost of site at $18.5M

-568: Maximum occupancy of facility.

-32: Acres of land for the development.

Amazon CEO Jeff Bezos takes Bill Gates' place as world's richest man

Published: Thursday, July 27, 2017 @ 1:38 PM

5 Things You Didn’t Know About Amazon

Jeff Bezos, CEO of Amazon and owner of The Washington Post, is the richest man in the world, taking the spot previously held by Microsoft founder Bill Gates, Forbes reported Thursday

>> Read more trending news

Bezos, who owns just under 80 million shares of Amazon, had a net worth of $90.6 billion when markets opened Thursday, which put him $500 million ahead of Gates, Forbes reported.

Forbes said Bezos is the third American to top the global ranks aside from Gates and Berkshire Hathaway CEO Warren Buffett. He is also now the seventh person to hold the world’s richest person title. 

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New Tesla Model due out Friday

Published: Thursday, July 27, 2017 @ 3:23 PM

This undated photo provided by Tesla Motors shows the new Model 3 car. The promise of an affordable electric car from Tesla Motors had hundreds of people lining up to reserve one. At a starting price of $35,000 before federal and state government incentives the Model 3 is less than half the cost of Tesla’s previous models. (Associated Press)
This undated photo provided by Tesla Motors shows the new Model 3 car. The promise of an affordable electric car from Tesla Motors had hundreds of people lining up to reserve one. At a starting price of $35,000 before federal and state government incentives the Model 3 is less than half the cost of Tesla’s previous models. (Associated Press)

Tesla is expected to launch its relatively affordable $35,000 Model 3 Friday.

It’s not just another sedan, auto industry observers are saying. It’s the California automaker’s bid to boost sales and invade territory long held by General Motors, Ford, Fiat Chrysler and others.

“Tesla has much to celebrate with the delivery of the first Model 3s, but the high-profile electric car maker faces a challenge like never before,” Michelle Krebs, executive analyst for car marketplace Autotrader, said in a statement. “The Model 3 is intended to be high volume — a first for Tesla. It is aimed at the core of the vehicle market in terms of price.”

RELATEDTesla ‘for the masses’ model debuts July 28

The Model 3 will face stiff competition, Krebs added.

Akshay Anand, executive analyst for Kelley Blue Book, said the new model may be the key to Tesla’s success or failure.

“Tesla is still a halo, lifestyle brand to many consumers, so the Model 3 represents the first time the brand is within reach,” Anand said. “Will the Model 3 meet lofty expectations? Can production continue without hiccups, unlike with the Model X?”

If the Model 3, along with the Chevrolet Bolt, meets or beats expectations, it could be “the early steps toward an electric future in automotive.”

The launch is happening at a time when the government of the United Kingdom recently pledged that it will ban vehicles with traditional internal combustion engines by the year 2040, following similar declarations by France and Norway.

Autotrader is a Cox Automotive brand. Cox Automotive is a subsidiary of Cox Enterprises, of which this news outlet is a part.

NuVasive reports higher revenue

Published: Thursday, July 27, 2017 @ 4:39 PM

NuVasive’s local Libery Lane site. THOMAS GNAU/STAFF
NuVasive’s local Libery Lane site. THOMAS GNAU/STAFF

San Diego-based NuVasive, Inc. which recently opened a West Carrollton spinal implant devices factory, reported increased revenue and profitability Thursday.

For the quarter ended June 30, the company said revenue increased 10.3 percent to $260.6 million. An operating profit margin of 11.4 percent was also reported, with non-general accounting practices diluted earnings per share up 15 percent from the prior year to 46 cents.

RELATED: West Carrollton home to ‘largest’ spinal devices factory

“NuVasive delivered better than expected operating profitability and earnings per share results in the second quarter 2017, along with continued strength across our international business, growing at more than 20 percent for the third quarter in a row,” Greg Lucier, chairman and chief executive of NuVasive, said in a statement.

NuVasive reported second quarter 2017 total revenue of $260.6 million, a 10.3 percent increase compared to $236.2 million for the second quarter of 2016.

The company put net income at $12.7 million, or 22 cents per share, compared to $30.2 million, or 57 cents per share, for the second quarter of 2016.

On a non-general accounting practices basis, the company reported net income of $24.1 million, or 46 cents per share, compared to $20.6 million, or 40 cents a share, for the second quarter last year.

UDRI announces partnership with composites company

Published: Wednesday, July 26, 2017 @ 2:09 PM

Brian Rice, a materials research engineer at the University of Dayton Research Institute, talks about the additive manufacturing research he and others are performing for the Air Force in a photo taken last year. THOMAS GNAU/STAFF
Brian Rice, a materials research engineer at the University of Dayton Research Institute, talks about the additive manufacturing research he and others are performing for the Air Force in a photo taken last year. THOMAS GNAU/STAFF

The University of Dayton Research Institute (UDRI) is partnering with a Cambridge, Mass company in a new project.

N12 Technologies, Inc., which focuses on using nanotechnology to strengthen composite material, said Tuesday it is partnering with UDRI in using a N12 Technologies material called “NanoStitch” with UDRI’s carbon nanotube production technology.

Brian Rice, a UDRI engineer, said the project will “meet the growing demand for their innovative carbon nanotube product while validating our own production capabilities.

RELATED: Dayton Marriott meeting to display UDRI prototype

“The carbon nanotube product market is set for explosive growth and we’re thrilled to be working with the market leader in the category,” Rice said.

N12 Technologies developed the world’s first industrial process for carbon nanotubes for composite reinforcement, both the company and UDRI said in their announcement.

NanoStitch provides designers and engineers with the ability to add “toughness, impact resistance, and fatigue tolerance into their composite materials with a lighter, thinner laminate,” the partners said.

“We are relentlessly pushing the composites industry forward,” N12 Technologies CEO Brad Berkson said in the joint statement. “NanoStitch has proven itself as a commercially-viable product and is attracting attention from some of the biggest companies within the aerospace, automotive, renewable energy and consumer goods industries. UDRI is a key partner in helping us to scale our business and establish NanoStitch as the industry standard for nano-enhanced advanced composites.”

UDRI researchers have performed research work in nano-enhanced composites for some 20 years.