The trucking giant is canceling its $28 million Mount Comfort headquarters, selling its flatbed unit, and outsourcing its driver schools, to refocus on core business as the industry is expected to boom.
The move comes as the Indianapolis-based trucking company works through financial, accounting and operational issues.
Sutton-Garten Co. has found a way to change with the times while staying true to its roots.
Smith returned to his hometown of Indianapolis in 1969, when he became an executive vice president of American Fletcher National Bank.
Indianapolis’ economic performance in recent years has been as good or better than that of most of its peer cities around the Midwest, new government data show.
The airline says the route, established in 2014, doesn’t have enough “sustained traffic” to keep it flying.
The Indianapolis-based transportation company confirmed something that has been speculated for months: The trucking company is under investigation by the U.S. Securities and Exchange Commission.
Two executives, including the CEO, of Indianapolis-based technology firm The Consultants Consortium Inc. have been indicted in a federal bribery case that also involves a former cabinet-level Maryland state government official.
Merchants intends to list its common stock on the NASDAQ Capital Market under the ticker symbol MBIN.
The California-based company will cease production at the facility by the end of the year, laying off about 70 employees. Its performance racing division will remain in Brownsburg, however.
In its quest to send people to Mars, NASA’s road to the Red Planet passes straight through central Indiana.
Called the Notch at Nora, the 186-unit development from TWG received rezoning approval Wednesday from the Metropolitan Development Commission despite neighborhood opposition.
The Fishers-based financial company announced late Tuesday that it had sold 1.65 million shares of common stock at $29 per share.
State officials say the interchange on the northeast outskirts of downtown is 50 years old and reaching the end of its useful life. But project details are still fuzzy.
The sale, to Alabama-based PS Logistics LLC, is part of a larger financial turnaround effort at Indianapolis-based Celadon.
The town council’s president says a portion of the land southwest of the Indianapolis International Airport already has attracted interest from industrial developers.
IndyGo is revving the engines on its much-anticipated Red Line, with the bidding process under way and construction set to begin in January on the first 13.1 miles of the bus rapid-transit line.
TechPoint, a not-for-profit advocacy group, plans to use the money on two programs to nurture young tech talent.
The Indianapolis Star is asking its subscribers to absorb hefty rate increases—a move that reflects the pressure the newspaper industry is under to find ways to offset declines in advertising.
The Fishers-based online bank says it will expand its presence in health care lending by agreeing to fund millions of dollars in loans for clients of the San Francisco-based startup. It also is taking a stake in the firm.
