CVB Financial Corp. reported earnings of $59.1 million for the second quarter of 2022, up from $45.6 million in the first quarter and $51.2 million year-over-year. Earnings per share was 42 cents for the quarter that ended June 30, an increase of 11 cents per share compared with the first …
Read More »Truck terminal sells for $83 million
A 43,000-square-foot truck terminal in Rialto has been sold for $83 million in an off-market transaction. The project, at 2650 S. Willow Ave, was purchased recently by Bridge Logistics Properties, a real estate management company, according to statement. The seller, TFI International Inc., is a transport and logistics company based in Saint-Laurent, …
Read More »IE unemployment up slightly
The Inland Empire’s unemployment rate reached four percent in June, up from a revised 3.4 percent in May but well below the 8.4 percent predicted one year earlier, according to data released. Statewide, unemployment last month was also four percent, the state employment development department reported in its monthly assessment …
Read More »American Airlines adds flights at Palm Springs
American Airlines will add flights from Palm Springs International Airport to Austin, Texas staring this fall. The flights will operate daily from Nov. 17 through Nov. 29 and Dec. 15 through Jan. 9, giving travelers a second set of nonstop flights to the Texas capital during the holidays, according to …
Read More »Inland Empire manufacturing manages to weather the storm
Despite COVID-19 and the economic turmoil created, as well as rumors of a recession, manufacturing in Riverside and San Bernardino counties is approaching two years of uninterrupted growth. No one can say for sure, but several local experts believe that trend probably won’t change soon. Maybe the Inland …
Read More »Clifton resigns as PS city manager
Palm Springs City Manager Justin Clifton has announced his resignation. Clifton will step down Sept. 16 after 15 months on the job, according to a statement on the city’s website. “I feel good about the work we have done together,” Clifton said in the statement. “There are numerous important initiatives …
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