AIRPORTS

Akron-Canton passengers

continue decline in 2019

Travel through Akron-Canton Airport has continued to shrink this year, although the pace of decline has slowed somewhat after a rocky 2018.

A total of 60,892 passengers arrived or departed from CAK in February — a 17 percent decrease from the same month a year ago, according to data released by the airport Thursday.

January had 64,042 passengers, a 14 percent drop from the same period in 2018.

For the year 2018, the airport recorded 920,002 passengers, dropping 27 percent and coming in below the 1 million mark for the first time at least since 2005.

JOBS

Ohio unemployment

declines in February

Ohio’s unemployment rate edged lower last month even as the state lost 8,200 jobs.

The jobless rate dropped to 4.6 percent in February from 4.7 percent in January, according to an Ohio Department of Job and Family Services report released Friday. By comparison, the U.S. rate was 3.8 percent last month.

The number of unemployed workers fell by 4,000 to 265,000.

Nonetheless, the state shed jobs in a number of sectors last month, led by a drop of 3,800 construction jobs and a loss of 1,900 jobs in the trade, transportation and utilities sector. The leisure and hospitality sector lost 1,500 jobs.

The loss of jobs in February comes after a strong gain of 19,100 jobs in January.

 OIL/GAS

Marathon Pipe Line plans

to build storage caverns

Marathon Pipe Line said this week it is looking to build storage caverns for ethane, butane and propane near Hopedale in northeastern Harrison County, the Canton Repository reported.

MPLX has a gas processing plant at the Hopedale site, and Findlay-based Marathon Petroleum Corp. controls MPLX and Marathon Pipe Line.

The plan was discussed Thursday at the Utica Midstream conference at Walsh University in North Canton.

Marathon Pipe Line also is investing $150 million in two projects to increase the amount of Utica Shale butane and isobutane it can ship to users in Ohio, Illinois and Michigan.

Louisiana manufacturer

plans major expansion

A Louisiana-based pipe manufacturer is expanding its operations, in a move expected to add 128 new jobs in Baton Rouge.

Stupp Corp. announced the $22 million expansion plan Thursday. The company makes custom pipe to transport oil and natural gas and other products for the industry.

UTILITIES

Duke Energy CEO's pay

decreases to $14 million

Duke Energy Corp. CEO Lynn Good's reported compensation is down to $14 million after a big raise in 2017 put her at more than $21 million.

The Charlotte, North Carolina-based electricity and gas utility disclosed Good's compensation Thursday in its proxy statement released ahead of the annual shareholders meeting in May.

The report says Good's 2018 compensation was 119 times greater than the median Duke Energy employee, who earned $117,000 last year.