Brokers, developers anticipate hale, hearty year in real estate
A sturdy office sector, hot industrial demand and some steamy retail categories are expected to boost Indy’s commercial real estate market in 2018.
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UPS, FedEx handle record holiday surge with minimal delays
Both couriers now have entered the holiday season’s returns cycle, which also promises to be busy.
Celadon revises credit agreement with lenders
Indianapolis-based trucking company Celadon Group Inc. on Tuesday announced it has reached a new agreement in its ongoing effort to get its financial house in order.
From autos to universities, here’s what the tax overhaul means for most industries
Its impact will spread far and wide starting next year, highlighted by a cut in the corporate rate to 21 percent, fully allowable deductions for capital expenses and lower levies on repatriating overseas profits.
Ambulance service to close doors in Indianapolis, eliminate 82 jobs
The layoffs are expected to take place Feb. 2, according to a notice filed with state workforce development officials.
Tunnel work to close parts of Meridian, Pennsylvania streets for most of 2018
The project will close the two streets just north of Fall Creek Parkway, as part of Citizens Energy’s $2 billion project to improve waterways.
UPDATE: IndyGo board awards $46M in Red Line construction contracts
Construction is expected to begin early next year, with the route open for service in the summer of 2019.
Chicago-based chain acquires most of Butler Auto Group’s dealerships
Butler is keeping its Butler Toyota dealership, but has sold off its Kia, Hyundai, Fiat, Maserati and Alfa Romeo dealerships to a major regional chain that has rebranded the locations.
FedEx plans $385M upgrade for Indy hub, seeks $29.2M tax break
The investment in new equipment would ramp up the speed of sorting and handling at the 2.4 million-square-foot hub, as well as create about 125 full-time jobs and 450 part-time positions.
BlueIndy car-sharing program striving to be in black by 2020
The BlueIndy car-sharing program is facing a big challenge: How do you succeed when so many potential customers are unaware of, uninterested in, or even intimidated by what you’re trying to sell?
Health nominee Azar no stranger to management controversy
In Indiana, Alex Azar was an influential member of a public airport board, tasked with oversight of human resources matters, when he defended the conduct of the airport CEO who was under fire for spending public money on travel, golf fees, steak dinners and Super Bowl tickets.
Indiana attorney general urges feds to delay new trucking rule
Under the rule, long-haul truckers would be required to use electronic logging devices to track their hours and miles. Currently, they can use paper logs to do so.
Train museum revives Polar Bear Express on different set of tracks
The Noblesville-based Indiana Transportation Museum recently lost a court battle that would have allowed it to revive the annual Polar Bear Express from Fishers to Indianapolis. But the museum has found a new route for the holiday excursion.
Cold Storage planning $29M expansion in central Indiana
New Jersey-based U.S. Cold Storage plans to add 100,000 square feet to its existing 200,000-square-foot refrigerated warehouse and logistic-services facility.
State looks down the road at autonomous vehicles
Gov. Eric Holcomb will ask lawmakers in 2018 to authorize the testing and operation of autonomous vehicles on Indiana roads.
Kinetrex plans third natural-gas plant to meet exploding customer demand
Kinetrex Energy, which distributes liquid natural gas, has roughly doubled its workforce to 40 people. and pushed from its core market—trucking companies—into agriculture, power generation, asphalt production and other sectors.
Uber concealed hack that exposed data for 57 million people
Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year.
Officials looking to boost Grissom air base business
Officials in the area plan to offer incentives to businesses moving to the area or providing goods or services for existing companies in the region.
GOP lawyer leads lawsuit against Indiana over trucker fees
Jim Bopp filed the suit on behalf of a trucking trade group and claimed Indiana lacks the authority to collect $100 million annually in fees from nearly 400,000 truckers.
Plan to develop 211 acres at Fishers airport site takes flight
Local officials say the land, part of Indianapolis Metropolitan Airport, could house up to 1 million square feet of new commercial development under a plan approved on Friday.