Former business owner Hockett sentenced for bank fraud
A federal judge this morning sentenced a former Indianapolis business owner to 18 months in prison after he pleaded guilty
to bank fraud in May.
Distribution & Logistics
Articles
Delaware County latest to join public-transportation group
Delaware County has become the 10th county to join the Central Indiana Regional Transportation Authority, the quasi-governmental
organization announced today.
HICKS: Clunkers popularity went beyond consumers
The Cash for
Clunkers program has seriously challenged my high-mindedness. It is time for a bit of soul searching.
Republic, Southwest duel for Frontier
Republic Airways Holdings Inc. is nearing judgment day in its battle with Southwest Airlines Co. for ownership of Frontier
Airlines Holdings Inc.
Southwest bids $170M for Frontier Airlines
Southwest Airlines Co. said today it’s bidding $170 million to buy Frontier Airlines Holdings Inc. out of bankruptcy protection,
surpassing an earlier bid of $108.8 million by Indianapolis-based Republic Airways Holdings Inc.
Celadon manages profit amid tough conditions
Indianapolis-based Celadon Inc. said yesterday that it eked out a small profit in its fiscal fourth quarter, as the struggling
economy continues to batter the trucking industry.
Denver group trying to lure Republic Airways HQ
Indianapolis-based Republic Airways Holdings Inc. and Southwest Airlines Co. will battle it out in a bankruptcy court auction
today for the rights to acquire Denver-based Frontier Airlines Holdings Inc.
Republic Airways wins Frontier auction
Republic Airways Holdings won the bankruptcy court auction for Frontier Airlines today, buying the Denver-based carrier
for almost $108.8 million after rival Southwest Airlines Co.’s bid was rejected.
Airport axes five directors in cost-cutting move
Five executives are among seven employees let go by the Indianapolis Airport Authority as part of its efforts to cut expenses
amid declining airport revenue.
Phoenix Group expands, may add 200 jobs
The Phoenix Group, a Greenwood-based supply-chain services company, said yesterday that it has added 15 employees within the
past month and plans to hire about 200 more workers by the end of 2010.
Airport taxi times improve
Passengers at Indianapolis International Airport are spending less time on the ground since the opening of the new midfield
terminal.
Q&A with Indianapolis Airport Authority CEO John Clark
Clark talks to IBJ about how the airport can increase revenue by diversifying its sources of income. The airport can’t rely
on higher passenger counts to boost its bottom line.
Southwest bid for Frontier could be in trouble
Southwest Airlines Co.’s bid for Denver-based Frontier Airlines Holdings Inc. may have hit turbulence, according to the Dallas
Morning News.
Vet supplier promises 30 jobs in Whitestown
Idaho-based MWI Veterinary Supply Inc. said today it will establish distribution operations in Indiana by leasing space in
Whitestown, creating more than 30 new jobs by the end of the year.
EnerDel lands $118 million stimulus grant
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, will receive $118.5 million in a matching grant
from the federal government.
East-side shuttle service makes debut
A new public shuttle service got rolling this morning on the near-east side of Indianapolis.Known
as the Near Eastside Orbiter, the 24-passenger shuttle is provided by the John H. Boner Community Center at 2236 E. 10th St.
and completes a 15-mile circular route in about an hour.
Republic Airways closes purchase of Midwest
Republic Airways Holdings says it has completed its acquisition of privately held Midwest Airlines
for $31 million in cash and debt.
Toll-road lease tumbles in value
Gov. Mitch Daniels expected his unprecedented $3.8 billion Indiana Toll Road lease to last 75 years. It may be tested after
just three.
INDOT hires executive to manage Interstate 69 extension
Cost management was the operative phrase in the introduction this month of a highway executive to manage the Interstate
69 extension to Evansville.
House bill aims to restore GM, Chrysler dealers
Palmer Chrysler Jeep Dodge on the west side closed last month as part of Chrysler LLC’s bankruptcy reorganization. But
the dealership would sell the company’s cars once more given the chance.