Celadon reports higher quarterly profit, revenue
The Indianapolis-based trucking company said profit increased to $7.4 million in the fourth quarter due to higher freight revenue and lower operating expenses.
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Indianapolis airport boardings hit 10-year low
Amid rising ticket prices, passenger boardings fell by 2.2 percent last year, to 3.68 million. That’s a low not seen since 2003, according to airport records.
New Celadon CEO sharpening management
New Celadon Group CEO Paul Will wants to increase productivity at the trucking firm, not just through more sophisticated customer-relationship and tracking software, but also by improving the acumen of the company’s nearly 4,000 employees.
Celadon receives incentives for $5.2M driving training center
The Indianapolis-based trucking carrier plans to build a $5.25 million driver-training center and add 182 jobs as part of its latest expansion at its east-side corporate campus.
Railroad company expanding Indianapolis terminal
Indiana Rail Road Co. will construct an intermodel terminal to give Indiana companies an all-rail option for products moving to and from Asia in containers.
Mass transit group kicking off promotional campaign
Indy Connect, the local initiative supporting a $1.3 billion expansion of the transit system, plans to begin an advertising campaign for the proposal on Friday.
Car-rental companies say higher tax will hurt locals, too
Indianapolis is poised to raise its tax on car rentals, drawing the ire of the auto-rental industry. Though local politicians routinely say such taxes hurt only visitors, more than half of car rentals are actually local, industry figures show.
BrightPoint executive Howell stepping down
A longtime high-ranking executive for BrightPoint Inc. in Indianapolis will resign effective Jan. 18, three months after California-based Ingram Micro Inc. acquired the company.
Celadon snaps up two more trucking companies
The Indianapolis-based company's Celadon Trucking Services subsidiary has agreed to acquire Warren-based Rock Leasing Inc. in northeast Indiana and Wadley, Ala.-based Kelly Logistics Inc.
Mayors organize to tackle regional issues
The leaders of 18 central Indiana cities and towns have formed a group that intends to address regional concerns, starting with a proposed $1.3 billion, 10-year mass transit plan.
Republic shares hit two-year high on revised outlook
Stock in Republic Airways Holdings rocketed into 2013, closing 19.5 percent higher Wednesday after the Indianapolis-based company raised its quarterly outlook. The shares climbed to a two-year high Thursday morning.
500 Festival chief heading to AAA Hoosier Motor Club
Kirk Hendrix, who has served as president and CEO of the 500 Festival since 2003, is stepping down to take the same positions at AAA Hoosier Motor Club, the club announced Wednesday.
Celadon plans $5.2M driver training center, 182 new jobs
Indianapolis-based trucking carrier Celadon Group Inc. plans to build a $5.25 million driver-training center and add 182 workers to its 633-employee local work force by 2016.
Airport winds down ‘public service officer’ team
The last of what had been about 100 civilians who helped provide security at Indianapolis International Airport after the 2001 terrorist attacks have had their jobs eliminated. Severance agreements were struck with 38 public service officers.
Airport speeds demolition of former passenger terminal
The former passenger terminal and administration building at Indianapolis International Airport could be rubble by this time next year. Offering a “blank slate” should improve marketability of the site, airport officials say.
Report: Plug-in vehicles slow to spark interest in Indy
Plug-in electric vehicles, which are struggling to gain traction nationwide, have even less appeal in central Indiana than they do in most areas of the country, a new study says.
Toyota reaches $1B-plus settlement in acceleration cases
The company said the deal will resolve hundreds of lawsuits from Toyota owners who said the value of their cars and trucks plummeted after a series of recalls stemming from claims that Toyota vehicles accelerated unintentionally.
Indy airport braced to host stranded passengers
Indianapolis International Airport officials are prepared to provide hundreds of stranded passengers with something to sleep on, and restaurants will stay open late to serve them.
UPDATE: Storm cancels Indy flights, triggers mall closings, snarls traffic
Indianapolis International Airport expected to have about 300 passenger flights arriving or departing on Wednesday, but a third of those were cancelled before midmorning. In addition, mall operator Simon Property Group announced its local shopping centers would close for the day.
Fishers to kick in $8M toward new I-69 interchange
The Fishers Town Council voted Monday to spend $8 million in local funds toward construction of an Interstate 69 exit at 106th Street that will cost an estimated $25 million to build.