Upstart Indianapolis logistics firm plans to add 73 jobs
Two-year-old Spot Freight says it expects to reach $30 million in revenue next year.
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Republic Airways shares surge on Frontier sales talk
Republic Airways Holdings Inc. shares soared more than 61 percent Tuesday after the company said it would likely sell or spin off its Frontier Airlines unit.
Best Buy closing warehouse sooner than expected
More than 220 employees at Best Buy’s warehouse in Franklin will lose their jobs at the end of January, two months earlier than the company had anticipated closing the facility.
Slower sales curb results at Adesa parent
Carmel-based KAR Auction Services suffered a 16-percent decline in its adjusted profit, missing analyst expectations.
Republic Airways pilots vote on strike authority
Republic Airways pilots who fly regional jets for several airlines are voting on whether to authorize a strike if negotiators can't agree on a new contract.
Indiana school district that ended bus routes faces lawsuit
An Indianapolis parent is suing Franklin Township schools over its decision to stop running school buses. The district this summer sold its buses to an education cooperative that now charges for transportation.
Bright Automotive signs AM General to build hybrid vans
The northern Indiana factory where AM General once made H2 Hummers could be building plug-in, hybrid cargo vans under a deal with Anderson-based Bright Automotive announced Friday.
Speedway hosts meetings about potential for electric car racing series
The three-day conference looked at such things as design plans and technical infrastructure for electric racing vehicles, and preliminary business plans for such a series.
Celadon snub obscures other purchases
Celadon Group has swallowed, whole or in part, nine trucking firms in as many years. But the acquisition momentum lurched to a halt late this month like a semi stopped by a runaway-truck ramp when it was rebuffed by Arkansas-based USA Truck. Since then, Celadon hasn’t signaled its next move.
Compressed natural gas for cars shows signs of catching on
The alternative fuel may soon generate more cash for local firms because it’s much cheaper than gasoline.
Brightpoint earnings rise as revenue soars
Increased distribution and demand for smartphones drove Brightpoint Inc.’s third-quarter revenue up 51 percent, to $1.34 billion, the company said after markets closed Thursday.
Terre Haute airport looks for Super Bowl business
Terre Haute International Airport officials distributed brochures and advertisements about the facility and its hangars during a business aircraft convention this month in Las Vegas.
Quarterly profit surges for trucking firm Celadon Group
Celadon Group Inc.’s first-quarter profit grew nearly 23 percent, to $5.4 million, or 24 cents a share, on revenue of $141.5 million.
UPDATE: Feds say state can build debated stretch of I-69
A federal highway administrator says no one can stop the state from building a hotly debated section of the Interstate 69 extension in southern Indiana without using federal money.
Republic studies $113M boost from sale of planes, slots
Republic Airways Holdings Inc. is considering the sale of planes and airport landing rights in Washington, D.C., to help raise about $113 million in a second round of restructuring at its unprofitable Frontier Airlines unit.
Rival trucking firm not interested in Celadon merger
USA Truck Inc. has turned down a meeting with Indianapolis-based trucking rival and investor Celadon Group Inc. to discuss a possible merger.
I-69 rejection could affect bus service in Bloomington
Buses in Bloomington and on the Indiana University campus could lose funding starting in 2014 if local officials don’t include Interstate 69 in their transportation infrastructure plans.
State signs sponsor for road-side assistance program
State Farm Insurance will pay $1.25 million over the next three years to sponsor the Hoosier Helper program.
LDI names new president as part of succession plan
J.A. Lacy, son of company chairman Andre Lacy, ultimately will ascend to CEO in 2013, when current chief executive David Shane is set to relinquish the top job.
Indiana senator pushes taxing online sales
Sen. Luke Kenley, R-Noblesville, plans to ask his Statehouse colleagues Thursday to help him lobby Congress for the right to tax online sales.