Indianapolis has fared better than some airports in terms of declining revenue, with passengers down
about 10 percent for much of the year and revenue off 16 percent at one point.
Founder Steve Tolen started out to make an electric car and wound up with a device to blend and regulate power among different
types of electric batteries.
The minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing
business.
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility
in Plainfield.
Shares of KAR Auction Services Inc. Friday inched above prices set by the vehicle auctioneer in its initial public offering.
Stock in Carmel-based KAR Auction Services Inc. on Friday morning traded below prices set by the vehicle auctioneer in its
initial public offering.
The Safe Routes to School program “aims to influence a new generation of healthy, sustainable travel
behavior,” says INDOT.
Two semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn’t named in the lawsuit.
Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.
Republic Airways Holdings Inc. said Tuesday afternoon it will create as many as 300 jobs in Indianapolis next year by bringing
Frontier Airlines’ Operation Control Center to the city.
One of the first things new airport CEO John Clark said he wanted to do was to squeeze more use—and revenue—out
of the new airport terminal’s Civic Plaza space.
A lawsuit aimed at stopping invasive carp from reaching Lake Michigan could bring some forms of shipping to a grinding halt.
Cold storage might become a hot business for a building contractor.
Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered
this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search
for ways to boost revenue.
National Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission
ruled Nov. 5 that Southern Wine
& Spirits of America Inc. could distribute here.
A complex system of signs along Indianapolis’ interstate highway system was pressed into action after a propane tanker exploded
in October near I-465 and I-69.
Airport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease
a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside
the airport.
The wireless phone wholesaler had survived two prior recessions and recognized the spoils in tough times go to companies with
the strongest balance sheets.
The Federal Aviation Administration said the problem was fixed about 10 a.m. Thursday, but it was unclear how long flights would continue to be delayed. Dozens of flights to Indianapolis International Airport have been affected.
FTR Associates analyst Jon Starks says truck manufacturers won’t feel an improved economy until at least late 2010.
