The Freightway

This article originally ran on St. Louis Business Journal on December 19, 2023. Creve Coeur agriculture technology startup NewLeaf Symbiotics, which has developed products to boost crop growth, has raised $45 million from investors to pursue expansion. This round was led by new investor Gullspång Re:food and followed by Otter Capital Partners LP, S2G Ventures, Leaps by Bayer and others. NewLeaf […]

The post NewLeaf Symbiotics Closes $45M in Funding for Expansion in St. Louis appeared first on St. Louis Regional Freightway.

This article originally ran on St. Louis Business Journal on December 14, 2023. The developer of a planned new $1.2 billion construction innovation district in St. Louis has purchased a significant number of the properties required for its first phase and set a target date for the start of construction, while working to finalize plans with an anchor tenant. Good […]

The post Developer Acquires Properties and Sets Target Construction Date for $1.2B Downtown Project appeared first on St. Louis Regional Freightway.

This article originally ran on St. Louis Post Dispatch on December 12, 2023. After more than three years of construction work, the long-awaited overhaul of a heavily traveled stretch of Interstate 270 in North County is just about finished. Gov. Mike Parson and other speakers are scheduled to join Missouri Department of Transportation officials at a ribbon-cutting event Tuesday morning […]

The post $278M Overhaul of I-270 in North St. Louis County Almost Done appeared first on St. Louis Regional Freightway.

This article originally ran on St. Louis Business Journal on December 4, 2023. Surgical technology manufacturer Corza Medical has opened a multimillion-dollar facility in Fenton. Corza Medical opened its Ophthalmology Center of Technology and Innovation at 1317 Horan Drive to help advance the development of next-generation devices for ophthalmic surgeries and other eye treatments, officials said. The 30,000-square-foot facility will […]

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This article originally ran on St. Louis Business Journal on December 1, 2023. Warehouse retailer Sam’s Club is opening two new distribution centers in the Midwest next year, one of which will be in the St. Louis area. Sam’s Club is preparing for a 370,000-square-foot facility in the 5700 block of Inner Park Drive in Edwardsville. Officials say it will […]

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This article originally ran on St. Louis Post Distpatch on December 1, 2023. On Tuesday morning, a former Boeing CEO took the stage before a crowd of Missouri’s political and business leaders and offered a bold prediction: After decades of losses in manufacturing, the sector is poised for a turnaround in St. Louis. Dennis Muilenburg, the former Boeing CEO who […]

The post Regional Business Leaders Promise a New Era of Manufacturing in St. Louis appeared first on St. Louis Regional Freightway.

This article originally ran on STL Today on November 28, 2023. A local organization broke ground Tuesday on a new advanced manufacturing facility, where it aims to convene businesses and workforce development programs to boost manufacturing jobs in the region. The 150,000-square-foot building is to be built on a vacant lot on Finney Avenue, beside Ranken Technical College, north of […]

The post Advanced Manufacturing Innovation Center Breaks Ground in North St. Louis, Aims to Boost Jobs in the Region appeared first on St. Louis Regional Freightway.

This article originally ran on Fox2Now on November 16, 2023. Early next year, MODOT is planning to break ground on a near $250 million project. The Interstate 55 Corridor Upgrades project will add a northbound and southbound lane in Jefferson County from Festus to Pevely. “Anyone who drives on Interstate-55 in Jefferson County should care about this project,” Justin Wolf, the […]

The post MoDOT Nearing Construction Start Date on New I-55 Lanes in Jefferson County appeared first on St. Louis Regional Freightway.

This article originally ran in St. Louis Public Radio on November 7, 2023. Industrial technology firm Watlow has opened a new $6 million R&D facility at its Maryland Heights headquarters it says will create 10 to 15 new jobs and develop materials used in its thermal systems. Watlow, which manufactures industrial thermal management systems, on Tuesday marked the opening of […]

The post Watlow Opens New $6M Technology Center, Creating New Jobs appeared first on St. Louis Regional Freightway.

This article originally ran in St. Louis Public Radio on November 7, 2023. The Kaskaskia Regional Port District will conduct a $350,000 study at the start of next year to determine if building a fuel pipeline from the Kaskaskia River near Fayetteville to Scott Air Force Base is feasible. Located about 15 miles southeast of Belleville, the Fayetteville terminal would […]

The post Fuel Pipeline from the Kaskaskia River to Scott Air Force Base is Being Considered appeared first on St. Louis Regional Freightway.

This article originally ran in The St. Louis Business Journal on November 6, 2023. Clayco Inc. plans to add around 400 jobs in St. Louis as part of a $50 million plan to renovate a former Express Scripts headquarters building and consolidate its St. Louis-area workforce under one roof. The 18.8-acre property at 8640 Evans Ave. in Berkeley was acquired at […]

The post Clayco Inc. to Add 400 Jobs as it Consolidates St. Louis-Area Workforce appeared first on St. Louis Regional Freightway.

This article originally ran in The St. Louis Business Journal on November 3, 2023. An innovation district that’s the centerpiece of a $1.2 billion project on the riverfront south of downtown will hold a modular housing design competition for universities in what is intended to be a global showcase for sustainable and innovation design. The Gateway South Innovation District – planned […]

The post Gateway South to Host International Housing Design Contest for Construction of Innovation District appeared first on St. Louis Regional Freightway.

This article originally ran in St. Louis Business Journal on October 24, 2023. Congresswoman Nikki Budzinski (IL-13) toured the Belleville Shoe Manufacturing Company Wednesday to learn more about their operation and their role in producing boots for the U.S. military. Budzinski recently announced that a $7.8 million contract was awarded to the Belleville Shoe Manufacturing Company for temperate weather combat […]

The post Belleville Shoe Manufacturing Company Awarded Multi-Million Dollar Military Contract appeared first on St. Louis Regional Freightway.

This article originally ran in The St. Louis Business Journal on October 20, 2023. With construction nearly finished on the final warehouses in the $250 million conversion of the former Fenton Chrysler factory into an industrial park, the developer is looking toward the project’s next phase with a hotel and restaurants. Fenton Logistics Park from Clayton-based U.S. Capital Development is […]

The post Developer of Former Fenton Chrysler Site Wraps Up Industrial Park and Looks Toward New Retail Center appeared first on St. Louis Regional Freightway.

This article originally ran in The St. Louis Business Journal on October 20, 2023. The largest 25 construction projects have a combined estimated cost of $17.1 billion, 19% higher than last year’s construction projects’ combined cost of $14.35 billion. One reason for this: the upward adjustment of costs for transit projects planned or under construction in the region. For example, […]

The post St. Louis’ Largest Construction Projects Grew by 19% since Last Year appeared first on St. Louis Regional Freightway.

This article originally ran in The St. Louis Business Journal on October 18, 2023. West Star Aviation, an East Alton-based aircraft maintenance company, has agreed to buy an Ohio-based aircraft services business. West Star said late Tuesday it has signed an agreement to acquire Jet East, the U.S.-based maintenance, repair and overhaul (MRO) aircraft services business of United Kingdom-based Gama […]

The post West Star Aviation, Metro East-based Aircraft Maintenance Company Set to Acquire Competitor for $131M appeared first on St. Louis Regional Freightway.

This article originally ran in The St. Louis Business Journal on October 18, 2023. Intramotev, a St. Louis-based startup developing what it describes as an autonomous, zero-emissions railcar, has been accepted into the accelerator program of chipmaking giant Intel Corp. Intramotev is one of 10 U.S. companies selected for the fall 2023 iteration of Intel Ignite, a 12-week startup accelerator […]

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This article originally ran in The St. Louis Business Journal on October 11, 2023. An industrial park in north St. Louis County has landed two new tenants, in a pair of deals that marked some of the largest industrial activity in the region during the third quarter. St. Louis-based manufacturing company PFI Holding leased 299,000 square feet at Hazelwood TradePort, according to […]

The post Automotive Parts Distributor Signs on to North County Business Park with New Lease Deal appeared first on St. Louis Regional Freightway.

This article originally ran in The St. Louis Business Journal on October 4, 2023. St. Louis Lambert International Airport’s airlines have agreed to help fund airport projects totaling an estimated $331.6 million, airport officials said Wednesday. The agreed-upon projects are the result of Lambert’s master plan, officials said, an updated version of which the Federal Aviation Administration approved In May. The […]

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This article originally ran in St. Charles Community College News on September 22, 2023. Kaskaskia Regional Port District in Red Bud, Ill. learned this week it will receive a $1.7 million Economic Development Administration grant as part of the U.S. Dept. of Commerce’s investment in Illinois-based infrastructure improvements needed to support current and future business needs and workforce development in […]

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