Auction services firm improves revenue, profit
The parent company of the Adesa auto auction firm more than quadrupled its first-quarter profit on revenue that increased 5 percent.
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UPDATE: Republic Airways loses $22M on fuel, maintenance
Indianapolis-based Republic Airways Holdings Inc. said it lost $22.4 million during the first quarter on higher fuel and maintenance costs.
Uncertain pilot labor situation creates turbulence at Republic
Republic Airways Holdings’ 2009 purchases of regional airlines has created one of the industry’s most complicated labor integration challenges, particularly among pilots now represented by different unions.
Porous concrete gets big test
The new sidewalk and curb material is easing strain on storm sewers on Ohio Street.
Distributor closing Plainfield facility, 76 jobs affected
Toronto-based Ditan Distribution LLC said it will close the distribution center in three phases beginning June 18 and lasting until Aug. 5.
Celadon boosts financial performance
Celadon Group Inc. improved revenue and profit in its third fiscal quarter despite lower volumes attributed to bad weather, the Indianapolis-based trucking company said Tuesday.
KAR Auction plans to refinance with $1.5B term loan
KAR Auction Services Inc., a provider of vehicle-auction services, is seeking to refinance existing debt with a $1.5 billion senior secured term loan and a $250 million senior secured revolving credit facility.
Work begins on new U.S. 31 interchange
The project is part of a larger effort to upgrade the road to interstate standards.
Allison to add 200-plus jobs over next two years
Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.
West 10th Street to be rerouted in Speedway
The town of Speedway will reroute West 10th Street to help Allison Transmission consolidate its parking lots and accommodate new employees tied to a hybrid transmission the company is developing.
Blue Ribbon Transport plans move, new jobs
Indianapolis logistics firm Blue Ribbon Transport Inc. will invest $1 million to move into a larger headquarters, adding as many as 75 jobs over the next three years, economic development officials said Thursday morning.
Town of Plainfield backs logistics training center
The Plainfield Town Council has agreed to spend $500,000 over the next five years to help Vincennes University create the VU Logistics Training and Education Center, the college announced Tuesday.
General Mills considering site near Fort Wayne
The Allen County Council is considering giving General Mills a tax abatement of more than $3 million over 10 years on a proposed $36 million warehouse near Fort Wayne.
J.C. Penney closing warehouse, cutting 230 jobs
J.C. Penny Co. says it plans to close a warehouse in Plainfield by September 2012.
Controversial legislation could lead to truck-only toll lanes on I-70
Truck-only toll lanes along Interstate 70 are among potential projects that could result from a controversial bill that would allow the governor to authorize toll roads without an OK from the Legislature.
Mount Comfort Airport takes on new moniker
1,805-acre facility on the east side now will be known as the Indianapolis Regional Airport.
HOLT: New York threatens to ballast Indiana exports
Regulations aimed at stopping invasive species are too stiff.
Manufacturer crosses over from auto parts to caskets
Gestamp Automocion makes metal components for the auto industry, employing 18,000 people worldwide. Now it is branching into the staid niche of casket manufacturing.
Indiana seeks to become player in cargo flights
The state nicknamed the "Crossroads of America" wants to become a preferred landing spot for cargo planes, but industry leaders say Indiana could have a tough time attracting flights from neighboring states because many airports are competing for the same business and freight companies are resistant to change.
SPECIAL REPORT: Indiana companies charge into China
With economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst for goods and services.