Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Excellus appoints Reed as president and CEO
ROCHESTER, N.Y. — Excellus BlueCross BlueShield on Monday announced that it has appointed James Reed as CEO of the $6.2 billion health plan and its

St. Joseph’s Health names interim dean for College of Nursing
SYRACUSE, N.Y. — St. Joseph’s Health has named Susan Berger interim dean of the St. Joseph’s College of Nursing. Berger has served on the governing

TSA to travelers: you still need to wear masks until at least Sept. 13
If you’re traveling on planes, trains, or buses in the U.S. in the next four and a half months, you will still need to wear

Area businesses honored during CenterState CEO virtual annual meeting
SYRACUSE, N.Y. — Quadrant Biosciences, Inc. and ComSource, Inc., both of Syracuse, were among the recipients of the CenterState CEO Business of the Year honors

American Airlines to offer nonstop service from Syracuse to Dallas/Fort Worth in August
SYRACUSE, N.Y. — American Airlines will begin nonstop service from Syracuse Hancock International Airport (SYR) to Dallas/Fort Worth International Airport (DFW) beginning Aug. 17. Tickets

DeWitt building sold for $555,000
DeWITT, N.Y. — The 22,000-square-foot building at 6741 Old Collamer Road was recently sold. One Remington LLC bought the one-story structure, which was built in 1971 and is located on 1.57 acres, for $555,000 from Pietrafesa & Pietrafesa LLC. Lawrence Van Der Bogart and Mark Rupprecht of CBRE/Syracuse exclusively represented the seller in this transaction.
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DeWITT, N.Y. — The 22,000-square-foot building at 6741 Old Collamer Road was recently sold.
One Remington LLC bought the one-story structure, which was built in 1971 and is located on 1.57 acres, for $555,000 from Pietrafesa & Pietrafesa LLC.
Lawrence Van Der Bogart and Mark Rupprecht of CBRE/Syracuse exclusively represented the seller in this transaction.
The property, which is located in the East Syracuse Minoa Central School District, was assessed at $554,400 in 2020, according to Onondaga County’s online property records.
Lockheed Martin to pay second-quarter dividend of $2.60 in late June
Lockheed Martin Corp. (NYSE: LMT) recently announced that its board of directors has authorized a dividend of $2.60 per share for the second quarter. The dividend is payable on June 25, to shareholders of record as of the close of business on June 1. At Lockheed’s current stock price, the dividend yields about 2.75 percent
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Lockheed Martin Corp. (NYSE: LMT) recently announced that its board of directors has authorized a dividend of $2.60 per share for the second quarter.
The dividend is payable on June 25, to shareholders of record as of the close of business on June 1.
At Lockheed’s current stock price, the dividend yields about 2.75 percent on an annual basis.
Lockheed Martin (NYSE: LMT) — a Bethesda, Maryland–based global security and aerospace company — has two plants in Central New York, in Salina and in Owego, as part of the firm’s rotary and mission systems (RMS) business area.
The company has about 114,000 workers worldwide.
Onondaga County hotel occupancy rate jumps nearly 45 percent in March
SYRACUSE, N.Y. — Hotels in Onondaga County had significantly more filled rooms in March than in March 2020, which was when the COVID-19 pandemic first hit the hospitality industry hard, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county soared 44.6 percent to 44.4
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SYRACUSE, N.Y. — Hotels in Onondaga County had significantly more filled rooms in March than in March 2020, which was when the COVID-19 pandemic first hit the hospitality industry hard, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county soared 44.6 percent to 44.4 percent in March compared to the year-ago period, according to STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, went up 36.2 percent to $35.97 in March from the same month a year prior.
Average daily rate (or ADR), which represents the average rental rate for a sold room, slipped 5.8 percent to $80.99 in March compared to March 2020.
The March 2021 hotel-occupancy report represents the first time in which the year-over-year comparison is to a month also affected significantly by the COVID crisis. The last 12 reports each featured double-digit declines in occupancy as the comparisons were to a pre-pandemic month.
New York milk production edges up in March
New York dairy farms produced nearly 1.33 billion pounds of milk in March, up 0.5 percent from 1.32 billion pounds in the year-prior month, the USDA’s National Agricultural Statistics Service (NASS) recently reported. Milk production per cow in the state averaged 2,120 pounds in March, up 0.5 percent from 2,110 pounds a year ago. The
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New York dairy farms produced nearly 1.33 billion pounds of milk in March, up 0.5 percent from 1.32 billion pounds in the year-prior month, the USDA’s National Agricultural Statistics Service (NASS) recently reported.
Milk production per cow in the state averaged 2,120 pounds in March, up 0.5 percent from 2,110 pounds a year ago.
The number of milk cows on farms in New York state totaled 626,000 head in March, unchanged from March 2020, NASS reported.
As for milk prices, New York dairy farmers in February were paid an average of $17.40 per hundredweight, up 30 cents from January, but down $1.70 from February 2020.
In neighboring Pennsylvania, dairy farms produced 893 million pounds of milk in March, down 1.5 percent from a year before.
New York egg production rises 3 percent in March
New York farms produced 149.9 million eggs in March, up 3 percent from 145.5 million eggs in the year-ago period, the USDA’s National Agricultural Statistics Service (NASS) recently reported. The number of layers in the Empire State averaged 5.82 million in March, up 3.6 percent from 5.62 million layers a year prior. March egg production
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New York farms produced 149.9 million eggs in March, up 3 percent from 145.5 million eggs in the year-ago period, the USDA’s National Agricultural Statistics Service (NASS) recently reported.
The number of layers in the Empire State averaged 5.82 million in March, up 3.6 percent from 5.62 million layers a year prior. March egg production per 100 layers dropped 0.5 percent to 2,577 eggs from 2,591 eggs in March 2020.
In neighboring Pennsylvania, farms produced more than 780 million eggs during March, down 1.5 percent from almost 792 million eggs a year earlier.
U.S. egg production totaled nearly 9.54 billion eggs in March, virtually unchanged from national production in March 2020.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.