Business and Economy

Fish landings
10:41 am
Fri October 31, 2014

Portland, Gloucester Tie as New England Fish Ports

PORTLAND, Maine - A federal report says Portland, Maine and Gloucester, Massachusetts, are now tied for second place in New England in volume of commercial fish landed.

The Portland Press Herald reports that the National Oceanic and Atmospheric Administration says fishermen in both ports landed 62 million pounds of fish in 2013. New Bedford, Massachusetts, is the top port in New England at 130 million pounds.

Business and Economy
10:39 am
Fri October 31, 2014

Canadian Company to Buy Rumford Paper Mill

RUMFORD, Maine - A Canadian company is entering into an agreement to buy the Rumford Paper Co. mill.

The Portland Press Herald reports Catalyst Paper Corp. wants to buy the mill as part of a $74 million deal to purchase two mills owned by NewPage Corp. The other mill is in Wisconsin.

Business and Economy
1:55 pm
Thu October 30, 2014

Maine Heating Prices Continue to Fall

PORTLAND, Maine — Maine officials say the price of heating oil in the state dropped 8 cents this week, continuing a downward trend in the price of fuel.

Officials say the average statewide cash price for heating oil was $3.16 per gallon this week, according to an Oct. 27 survey. The average price of kerosene fell 6 cents from last week, to $3.73 per gallon. Propane prices dropped a penny to $2.83 per gallon.

The state says heating oil prices have fallen 34 cents since July despite that heating fuel prices typically rise in the autumn.

Solar ski resort
11:28 am
Thu October 30, 2014

Maine Ski Area Going Solar

GREENWOOD, Maine - A Maine skiing area will soon unveil 803 solar-electric panels it says will offset 70 percent of its electricity use.

The Portland Press Herald reports the Mt. Abram Ski Area in Greenwood will hold a public ceremony and tour of its acre of solar panels on Nov. 6. Owners expect the panels to generate enough kilowatt hours over the years to power 46 average Maine homes and offset nearly three quarters of the ski area's electricity use.

Read more
Business and Economy
6:23 am
Thu October 30, 2014

Train Service Coming Back to Kennebunk

KENNEBUNK, Maine — Amtrak will begin stopping in Kennebunk within the next two years.

The Portland Press Herald reports Amtrak will establish the stop in the spring of 2015 or 2016. The move will restore passenger train service to Kennebunk for the first time in more than 50 years.

The train will stop at an old Boston & Maine Railroad station just south of downtown. The stop hadn't been used as a train station since Boston & Maine stopped running between Boston and Portland on Jan. 3, 1965.