Congratulations Pittsburgh!
The new 2009 Fortune 500 list was released to today and two Western Pennsylvania headquartered companies joined the Fortune 500 while another joined the Fortune 1000. The Pittsburgh area now boasts 8 Fortune 500 headquarters and 13 Fortune 1000 headquarters up from 6 and 12 respectively in 2008.
The newcomers are Mylan Pharmaceuticals at 462 (736 last year), Consol Energy at 497 (577 last year), and Atlas America at 864 (not ranked last year). Mainstays US Steel (up 41 spots to to 105), PPG (up 56 spots to 161), PNC (down 14 spots to 278), Heinz (up 26 spots to 267), Wesco (up two spots to 406) and Allegheny Technologies (down seven spots to 448) all retained their Fortune 500 status as well.
Here is the complete list of Fortune 1000 headquarters in Pennsylvania.
Here is a list of the Pittsburgh area ones:
1. US Steel, Pittsburgh, 105
2. PPG Industries, Pittsburgh, 161
3. Heinz, Pittsburgh, 267
4. PNC, Pittsburgh, 278
5. Wesco, Pittsburgh, 406
6. Allegheny Technologies, Pittsburgh, 448
7. Mylan, Canonsburg, 462
8. Consol Energy, Canonsburg, 497
9. Dick's Sporting Goods, Pittsburgh, 562
10. Allegheny Energy, Greensburg, 630
11. American Eagle, Pittsburgh, 690
12. Kennametal, Latrobe, 732
13. Atlas America, Moon Township, 864
No wonder we're weathering the economy better than most regions. In addition to these 13 "official" Fortune 1000, we have several more that basically are at the same level. We have BNY Mellon and Alcoa, both of which are "on paper" HQ'd in NYC, but really are still HQ'd here. Plus we have Giant Eagle and Highmark, both of which would be a Fortune 500s if they were public and EDMC which would be a Fortune 1000 if it was public.
Exciting stuff. Pass this on!
Showing posts with label fortune 1000. Show all posts
Showing posts with label fortune 1000. Show all posts
Sunday, April 19, 2009
Saturday, October 25, 2008
What bad economy? Pittsburgh businesses still thriving
We've heard many times about how the Pittsburgh housing market has been immune to the crisis that grips the rest of the nation. But what I think has been very under reported- especially by the Post-Gazette- is that the region's economy as a whole and the jobs outlook is much more positive than most people think and is doing much better than most regions in the country right now. While the rest of the nation comes to the realization of job losses and high unemployment, here are some of the business stories reported in Pittsburgh over the last few weeks. And again- mad props to the Trib for being the leader in reporting on this.
Pittsburgh region ranks in Top 20 in freight movement, Pittsburgh Trib, October 25, 2008
Rostraver firm to add 1,500 jobs, Pittsburgh Trib, October, 24, 2008
Pittsburgh rises as convention location, Pittsburgh Trib, October 20, 2008
Office vacancy rate drop optimistic, Pittsburgh Trib, October 19, 2008
Pittsburgh Airport mall leads nation in per-passenger spending, Pittsburgh Trib, October 18, 2008
Starkist Tuna moving HQ back to Pittsburgh, Pittsburgh Trib, October 7, 2008
Pittsburgh region ranks in Top 20 in freight movement, Pittsburgh Trib, October 25, 2008
Rostraver firm to add 1,500 jobs, Pittsburgh Trib, October, 24, 2008
Pittsburgh rises as convention location, Pittsburgh Trib, October 20, 2008
Office vacancy rate drop optimistic, Pittsburgh Trib, October 19, 2008
Pittsburgh Airport mall leads nation in per-passenger spending, Pittsburgh Trib, October 18, 2008
Starkist Tuna moving HQ back to Pittsburgh, Pittsburgh Trib, October 7, 2008
Tuesday, April 17, 2007
Pittsburgh's Fortune 500 Companies are Movin' on Up!
Welcome to the first post of Good News Pittsburgh!
The new 2007 Fortune 500 list was released on Sunday (read the end of the post to see why I waited two days to write about it). And it is generally good news for Pittsburgh area companies.
As noted in the Pittsburgh Trib article above, Pittsburgh's corporate status improved from having six Fortune 500 companies headquartered here to having seven, albeit temporarily. The increase from six to seven came from Allegheny Technologies which rose from #536 to #455. However, the list also includes Mellon, which recently announced a merger with Bank of New York that will move the company's official headquarters to NYC. That means that next year, after the deal goes through, we will be back down to six again.
But the good news--which is never reported by the mainstream Pittsburgh media-- is that we will be back up to eight in approximately two years courtesy of the meteoric rise of American Eagle Outfitters (now up to #683) and Dick's Sporting Goods (now up to #633). In total, we have 12 Fortune 1000 companies headquartered in Western Pennsylvania, not to mention Alcoa and Mellon, which only on paper are headquartered in New York.
Add to that the North American headquarters for Bayer, GlaxoSmithKline and FedEx Ground and we're doing just fine, thank you. And, oh, did I mention that we have two more companies headquartered here, Giant Eagle and Highmark, that would both be ranked in the Fortune 500 (around #350) if they were public instead of private? I'm not even going to go into the other local companies that don't even make it into these conversations: 84 Lumber, GNC, Mylan Labs, DQE, etc.
The point is- we're doing OK. Really. It's not all gloom and doom. But you wouldn't know that from the facts that are conveniently omitted by the major newspapers in the area. And that brings me to the reason why I waited until Tuesday to comment on this, even though the list actually came out Sunday. I did it to illustrate my point about how incompetent theses local media entities are. Two days after the fact, the Pittsburgh Post-Gazette and the Pittsburgh Business Times still have absolutely NO MENTION of the new Fortune 500 rankings in print or online. And the Trib FINALLY has something this morning.
Predictably, the P-G and the Business Times will both copy off of the Trib now that they've seen the article and are aware of it. Way to be on top of it, guys! And that's how it works in the Pittsburgh media: lazy reporting. Just wait for the press release to come out and then print it word for word. God forbid someone actually do some research for an article or write something original. Or commit the biggest faux pas possible--gasp!--do a story on something positive in the region!
Believe it or not, there ARE positive things going on here, and people DO want to hear about them. That's why I created this blog. This is what you'll get- positive stories that go unreported or under-reported in the pathetic local media.
Until next time! Hey, that was pretty good for a first post, huh?
The new 2007 Fortune 500 list was released on Sunday (read the end of the post to see why I waited two days to write about it). And it is generally good news for Pittsburgh area companies.
As noted in the Pittsburgh Trib article above, Pittsburgh's corporate status improved from having six Fortune 500 companies headquartered here to having seven, albeit temporarily. The increase from six to seven came from Allegheny Technologies which rose from #536 to #455. However, the list also includes Mellon, which recently announced a merger with Bank of New York that will move the company's official headquarters to NYC. That means that next year, after the deal goes through, we will be back down to six again.
But the good news--which is never reported by the mainstream Pittsburgh media-- is that we will be back up to eight in approximately two years courtesy of the meteoric rise of American Eagle Outfitters (now up to #683) and Dick's Sporting Goods (now up to #633). In total, we have 12 Fortune 1000 companies headquartered in Western Pennsylvania, not to mention Alcoa and Mellon, which only on paper are headquartered in New York.
Add to that the North American headquarters for Bayer, GlaxoSmithKline and FedEx Ground and we're doing just fine, thank you. And, oh, did I mention that we have two more companies headquartered here, Giant Eagle and Highmark, that would both be ranked in the Fortune 500 (around #350) if they were public instead of private? I'm not even going to go into the other local companies that don't even make it into these conversations: 84 Lumber, GNC, Mylan Labs, DQE, etc.
The point is- we're doing OK. Really. It's not all gloom and doom. But you wouldn't know that from the facts that are conveniently omitted by the major newspapers in the area. And that brings me to the reason why I waited until Tuesday to comment on this, even though the list actually came out Sunday. I did it to illustrate my point about how incompetent theses local media entities are. Two days after the fact, the Pittsburgh Post-Gazette and the Pittsburgh Business Times still have absolutely NO MENTION of the new Fortune 500 rankings in print or online. And the Trib FINALLY has something this morning.
Predictably, the P-G and the Business Times will both copy off of the Trib now that they've seen the article and are aware of it. Way to be on top of it, guys! And that's how it works in the Pittsburgh media: lazy reporting. Just wait for the press release to come out and then print it word for word. God forbid someone actually do some research for an article or write something original. Or commit the biggest faux pas possible--gasp!--do a story on something positive in the region!
Believe it or not, there ARE positive things going on here, and people DO want to hear about them. That's why I created this blog. This is what you'll get- positive stories that go unreported or under-reported in the pathetic local media.
Until next time! Hey, that was pretty good for a first post, huh?
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