$221 Billion Pet Industry

The pet industry generated more than $221 billion in direct, indirect and induced economic impact, according to a new study conducted by George Mason University. The economic analysis also showed the pet industry supported over 1.3 million U.S. jobs in 2015 that paid more than $60 billion in salaries, wages and benefits.

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Truckers Deliver Christmas

During the holiday season, Executive VP of Motor Carriers of Montana, Barry “Spook” Stang emphasized the importance of the trucking industry to “deliver the holidays.” When more than 100 million drivers are on the road this season – as AAA forecasted for year-end holidays last year – they’ll be driving alongside nearly 3.5 million professional truck drivers, with 6,210 drivers in Montana alone. That’s why professional truck drivers are trained and dedicated to ensuring the safety of all motorists, said Stang, and why the industry as a whole invests $9.5 billion each year in safety.

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Quantum Energy Poses Puzzle

Quantum Energy Inc., a company that made inquiries a couple of years ago about the possibility of locating a small refinery near Billings, only to fade away after some criticism from environmental groups, was the subject of an editorial comment by Dennis Blank publisher of the Oil Patch Hotline.

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About the pipeline...

It has been disappointing to see how many media folks got suckered into the false propaganda put out by the protestors [of the pipeline in North Dakota] and never bothered to check out who was really behind this agitation fomented by anarchists.

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Business News Roundup November 15 2016

ND Pipeline
US Rep. Kevin Cramer (R-ND) said Trump’s presidency “might aid completion of the Dakota Access pipeline, should the dispute over the project linger.” Cramer thinks the matter “will be resolved before Trump takes office in January.”
Fuel Efficiency
The EPA said that “the fuel efficiency of new US vehicles hit a record high in 2015 even as more Americans bought larger trucks and SUVs instead of cars.” The EPA said the average fuel efficiency of new vehicles reached 24.8 mpg in the 2015 model year, up 0.5 mpg from 2014, and projected 25.6 mpg for 2016.

Read more: Business News Roundup November 15 2016

Job Surge in Bakken

There has been a sudden surge in job openings in the Bakken – particularly for hydraulic fracturing and completion crews – as companies ramp up to put more wells on line in the first half of 2017, reports Oil Patch Hotline.
Pay scales are running between $16 and $30 an hour.

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Business News from Across the Country

Home Sales Rise
US home sales rose in October to their highest level in more than nine and a half years according to the National Association of Realtors. The increase comes “amid pent-up demand, offering more evidence of a pickup in economic growth in the fourth quarter, but a recent surge in mortgage rates could slow housing market activity. The NAR said existing home sales increased 2.0 percent to an annual rate of 5.6 million units last month, the highest level since February 2007. Meanwhile, September’s sales pace was revised up to 5.49 million units from the previously reported 5.47 million units.

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Business News Roundup October 1 2016


Safety is Priority
The latest EHS Today National Safety Survey “finds many corporate leaders actively engage in safety efforts and communicate to workers that they value safety over production.” This year’s survey shows that “nearly 70 percent of respondents said that their company does prioritize safety over production and other business values,” and “over 80 percent said that top management provides active and visible support for occupational safety and health.”

Read more: Business News Roundup October 1 2016

Market Update

1 DOW 20,821.76
+11.44 (0.05%)    
2 S&P 2,367.34
+3.53 (0.15%)    
3 NASDAQ 5,845.31
+9.80 (0.17%)    
4 MDU 27.13
+0.08 (0.30%)    
5 SWC 17.06
+0.01 (0.06%)    
6 EBMT 20.05
-0.20 (-0.99%)    
7 FIBK 44.20
+0.05 (0.11%)    
8 GBCI 36.95
-0.21 (-0.57%)