Council committee approves BlueIndy franchise agreement
The deal, which still needs to be approved by the full council, would give the city $45,000 per year in franchise fees.
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I-69 construction woes lead to another bond downgrade
Standard & Poor’s has issued its second ratings downgrade as delays plague construction of the interstate between Bloomington and Martinsville.
Bike-share program adds two stations with room for 26 bikes
The Indiana Pacers Bikeshare system is adding two new stations next month—and it’s hoping for a much larger expansion down the road.
E-commerce firm investing $4.75M to open 75-worker Plainfield fulfillment center
VMInnovations will distribute everything from electronics to baby products from a 160,000-square-foot building it is renovating at 2812 Airwest Blvd.
FedEx planning $170 million in improvements at airport hub
According to a tax-abatement application with the city, FedEx plans to install $170 million in new package-sorting equipment, while adding 27 full-time jobs and 178 part-time jobs. It would also retain 728 full-time and about 3,200 part-time workers.
Transit referendum spawns efforts to educate, influence
Advocates and opponents of a Nov. 8 referendum that would let the City-County Council increase taxes to pay for a mass transit plan are gearing up to vie for your vote.
Both sides of liquor fight say it’s about fairness
A Marion County judge’s ruling has heated up the battle between liquor distributors and a group of beer distributors operating in the state and Indianapolis-based beer wholesaler Monarch Beverage Co.
Kohl’s buys massive Plainfield warehouse, plans 900 jobs
The retailer announced that it has acquired a 937,000-square-foot distribution center in Plainfield where it hopes to hire 900 employees by early 2020.
I-69 developer’s missed payments ignite political dispute
A southern Indiana mayor blamed Gov. Mike Pence's administration on Wednesday for allowing a private developer to fall behind in payments to subcontractors, leading to a work stoppage on a new section of the Interstate 69 extension project.
Coca-Cola manufacturing operations in Indiana switching hands
Charlotte, North Carolina-based Coca-Cola Bottling Co. Consolidated, an independent bottling company, has signed agreements to purchase Indiana manufacturing and distribution plants in Indianapolis and Portland, plus one in Cincinnati, from Coca-Cola Refreshments USA Inc.
Indiana Finance Authority takes action against I-69 developer
The Indiana Finance Authority has taken action against the private developer of a 21-mile section of the Interstate 69 extension for failing to pay for work done on the project.
American Airlines deal gets Republic closer to bankruptcy exit
Indianapolis-based Republic Airways Holdings Inc. has reached an agreement to continue providing regional flights for American Airlines—a step Republic says “clears the pathway for a successful emergence” from its Chapter 11 bankruptcy case.
Celadon Group reports big drop in profit amid ‘challenging’ conditions
The trucking company had a profit of $1.6 million in the fiscal fourth quarter, down almost 87 percent from the $12 million it made in the same quarter a year ago.
Purdue and Ivy Tech launch aviation-maintenance partnership
A new partnership between the Purdue Polytechnic Institute and the Lafayette campus of Ivy Tech Community College might help fill the employment pipeline for the $100 million-plus jet engine plant that General Electric recently built in Lafayette.
Indianapolis airport traffic on the upswing
For the first seven months of 2016, the airport saw 2.49 million passengers board flights. During the same period in 2015, that number stood at 2.26 million.
Retirements, stiffer training requirements fuel pilot shortage
A University of North Dakota study predicts that annual pilot deficits will escalate over the next decade and will total 15,000 by 2026.
Trucking giant pegs Whitestown for parts distribution center, 45 hires
A company that sold more than 160,000 trucks last year intends to spend $12.35 million to lease and equip a 283,500-square-foot facility for sending parts across the Midwest.
CountryMark revenue drops 40 percent as oil prices plunge in last two years
After a six-year run-up for the Indianapolis-based oil refiner that saw its revenue nearly double, the company has eliminated about 25 jobs, 2 percent of its workforce, in recent months.
EPA strengthens greenhouse-gas efficiency goals for big rigs
A big part of the greenhouse-gas reductions are expected to come from engine improvements, cutting fuel consumption by up to 5 percent, benefiting companies like Indiana-based Cummins Inc.
Questions, delays remain for I-69 project in central Indiana
State officials are continuing to finalize the route for the final leg of the Interstate 69 extension project in central Indiana while concerns remain over delays in completing work on another section.