Airport auction to draw out bargain-hunters
At the Indianapolis Airport Authority’s summer auction, one could buy pretty much everything except the runways and terminal.
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Frontier turnaround stokes Republic profits
The Indianapolis airline company earned $20 million in the second quarter after losing $14.9 million in the same quarter a year earlier.
Celadon reports big jump in earnings on higher revenue
The Indianapolis-based trucking firm on Monday said earnings rose 63 percent, to $9 million, in the fiscal fourth quarter. Quarterly revenue rose 4 percent, to $157.5 million.
Mega-warehouse technology subject of Aug. 1 expo
The Indy Warehouse Automation Expo will showcase new generation of scanners, cameras and radio frequency ID technology.
BrightPoint merger talks driven by ‘deal certainty’
When BrightPoint officials saw conditions in the cell phone distribution business take a turn for the worse, they were quick to cash out while the going was still good.
Environmental groups lose in bid to stop I-69
A federal judge has ruled against opponents of the $3 billion Interstate 69 extension between Indianapolis and Evansville who claimed the U.S. Army Corps of Engineers violated federal law.
Airport authority names new executive director
Robert Duncan has held the position on an interim basis since March, when his predecessor, John Clark, abruptly stepped down. Duncan previously served as the authority’s general counsel and chief operating officer.
State exports face drop in 2012, after 2011 record
Indiana’s exports are going strong this year but may not be enough to break a record of $32 billion in exports set last year.
City decides on half block for transit hub
The Mayor’s Office and local mass transit leaders have reached consensus on a site for a $30 million downtown transit center. The preferred location is a city-owned surface parking lot along Washington Street between the City-County Building and Marion County Jail.
IU researchers question economics of diesel hybrids
Fuel savings and environmental benefits might not be worth the higher cost of such vehicles.
Wholesale prices for used vehicles decelerate in June
Wholesale used vehicle prices fell 3.6 percent, to $9,893 on average, in June compared with the same month of 2011, according to data compiled by Tom Kontos, an executive at Carmel-based wholesale auction chain Adesa Inc.
Former ATA campus set to find new use as classroom
Ivy Tech Community College will begin offering accounting, business, criminal justice and information technology classes at the former airline campus on the northern edge of Indianapolis International Airport.
BrightPoint settles two suits against rival Brightstar
Both lawsuits involved former BrightPoint executives hired by Brightstar who had access to the local firm’s innermost workings and strategies. The suits, filed in Marion Superior Court, were dismissed Wednesday.
Businesses move, close for U.S. 31 transformation
The 13-mile, $600 million upgrade of U.S. 31 that carves through some of Hamilton County’s fastest-growing suburbs is a temporary inconvenience to motorists, but for some business owners it’s a life—or livelihood—altering event.
Honda West negotiating to open Fishers dealership
It’s not clear if the car dealer would leave its long-time home on West 38th Street.
‘Michigan left’ promises learning curve, less congestion
Drivers wanting to turn left at an intersection under reconstruction in Fishers will first have to turn right.
BrightPoint’s $840M sale ends wild ride for CEO Laikin
Bob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
Moody’s upgrades outlook for Indianapolis Airport Authority
New agreements with airlines, presence of FedEx contribute to improving financial picture.
Tensions rise between pilots, management at Republic Airways
The two sides are trying to replace a labor contract that became amendable in 2007.
Drought deals blow to ethanol industry
Indiana’s 13 plants distilling the automotive fuel ethanol could soon be sputtering as drought dries up the supply and boosts the price of corn, their main ingredient.