Republic Airways reports higher profit, revenue
Republic Airways Holdings Inc. on Thursday reported first-quarter profit of $6.4 million, down 54 percent from the $14 million it made in the same period a year ago.
Distribution & Logistics
Articles
Fishers airport compromise puts prime land into play
The runway at Indianapolis Metropolitan Airport in Fishers is set for an upgrade, and dozens of acres on the airport’s perimeter might be developed for industrial and retail use—signaling a turning point in a long-simmering feud.
OneJet sees opportunity offering six-seat, nonstop flights
Startup OneJet flies six-passenger Hawker 400s between medium-size cities like Indianapolis, Milwaukee and Pittsburgh.
KAR Auction’s quarterly earnings meet expectations
Carmel-based KAR Auction Services Inc. met Wall Street expectations with its first quarter earnings report Tuesday despite bringing in slightly less revenue than predicted.
Survey: States spent heavily to clear winter snow, ice
Indiana spent $40 million on snow-fighting efforts from October through March while using 273,000 tons of salt and ringing up 308,000 personnel hours. Much of that battle took place in the northern part of the state.
Beverage bottler plans $6.3M local distribution center
American Bottling Co. plans to develop a $6.3 million distribution center on the northwest side of Indianapolis, leaving behind a site it has occupied in nearby Park 100 for 40 years.
Late budget bill addition restores Hoosier State Line funding
The Indiana Department of Transportation’s effort to continue and improve the Hoosier State Rail Line has been rescued by a tax-amnesty program passed by state lawmakers.
Celadon sees big rise in quarterly revenue, profit
Celadon Group Inc. saw a huge jump in profit in its latest quarter as revenue surged, the Indianapolis trucking company said Tuesday.
OneJet to offer flights to Pittsburgh four days a week
OneJet, which debuted flights to Milwaukee in April, said it will begin flying to Pittsburgh next month. No other carriers offer nonstop service to those destinations.
Rolls-Royce plans massive modernization of aging plant
The defense contractor is on the cusp of investing hundreds of millions of dollars to modernize its Tibbs Avenue factory, Rolls-Royce officials revealed Tuesday at IBJ's aviation and aerospace event.
Airport seeks developers for 550 acres of land
The Indianapolis Airport Authority is seeking master developers for almost 550 acres, including a large open parcel of land with frontage on Interstate 465 and several parcels facing West Washington Street.
Airport to keep fabric in multimillion-dollar garage-roof fix
The Indianapolis Airport Authority could spend up to $6.5 million designing and building what it hopes is a solution to a parking garage canopy that has failed twice in four years.
Iowa Pacific wants to increase routes on Hoosier State Line
Iowa Pacific Holdings Inc. President Ed Ellis he wants to increase round trips for the Indianapolis-to-Chicago line from four a week to 12 per day. And he wants to decrease one-way travel to less than two hours.
Lawmakers approve bill to remove limit on I-69’s final leg
The bill would revoke a 2004 law that prohibits the highway from passing through southern Marion County's Perry Township.
Supporters say justice center plan shouldn’t be delayed
Several opponents, meanwhile, say the decision should be made by a referendum rather than a vote of the Indianapolis City-County Council, currently scheduled for April 20.
Hoosier State Line to remain running under new agreement
The Hoosier State passenger rail line between Indianapolis and Chicago appears to be back on track toward a long-term future, the Indiana Department of Transportation announced Monday.
Valet services expand beyond the expected clients
Valet service in central Indiana has expanded beyond upscale restaurants and luxury hotels to hospitals, casual eateries and even a grocery store.
City reports rise in revenue from parking meter operations
Indianapolis received more than $3.3 million in revenue from parking meters in 2014, its highest annual total yet since turning over meter operations to ParkIndy in late 2010, the city announced Monday.
Denison, Browning snap up Hendricks County parcels
Denison Partners has agreed to buy a one-acre parcel near the southwest corner of Interstate 70 and State Road 267, and Browning plans to buy 11.7 acres near the southwest corner of Washington Street and Ronald Reagan Parkway, an airport spokesperson said.
Bankrupt Toll Road operator execs to share $2.5M bonus
Five top executives from the bankrupt operator of the Indiana Toll Road will split $2.45 million in bonuses once an Australian company closes on a $5.72 billion deal to buy the lease-holding business.