KAR Auction Services riding the wave of auto recovery
Early investors in KAR Auction Services are looking savvy. Since November 2012, KAR shares have marched steadily higher, rising from $12.25 to nearly $29.
Transportation
Articles
Car dealers curtail advertising boasts
Efforts by trade groups such as the Automobile Dealers Association of Indiana—and, more formidably, a recent crackdown by the Federal Trade Commission—have discouraged the use of potentially misleading ads.
Mass-transit plan draws critics in state hearing
Three tea party members testified Thursday against the $1.3 billion proposal that lawmakers delayed last session and sent to a study committee for review.
Railroad upgrade planned for southern Indiana line
The owner of a rail line through that runs from Indianapolis to Jeffersonville is planning a $90 million project to replace an aging bridge and make improvements over more than 100 miles of track.
Indiana, Amtrak continue Hoosier State line talks
Indiana and Amtrak are making progress hammering out a short-term agreement to keep a passenger line between Indianapolis and Chicago running until a comprehensive funding deal is reached.
Republic Airways selling Frontier in $145M deal
Indigo Partners LLC, led by veteran airline executive William Franke, has agreed to buy Frontier Airlines from Indianapolis-based Republic Airways Holdings Inc. for $36 million in cash. The total value of the transaction is $145 million including debt.
Monroe County looks to limit I-69 truck stops
Officials in southern Indiana’s Monroe County are proposing tough rules for any truck stops that might be built with the opening of the Interstate 69 extension.
Aircraft paint shop at Grissom a boon for economy
The 150-employee facility is a godsend for Miami County, which lost a larger percentage of its residents between 1990 and 2000 than any other Indiana county.
Reverse commuter route launches on northwest side
There’s a new reverse-commute bus route connecting the northwest side of Indianapolis with major employers in west Carmel.
RV exec seeking new start in Indy
A member of one of the recreational vehicle industry’s elite families hopes to get a fresh start in Indianapolis by launching a manufacturer of super-high-end RVs.
PROXY CORNER: KAR Auction Services Inc.
KAR Auction Services Inc., 13085 Hamilton Crossing Blvd., Carmel 46032, is the holding company for ADESA Inc., which operates used-vehicle auctions at 67 locations; Insurance Auto Auctions Inc., which operates salvage auctions at 163 locations; and Automotive Finance Corp., which provides floorplan financing at 104 locations.
Transportation, warehousing catch tailwind
Indiana’s transportation and warehousing industry employs more people now than before the recession, and observers think its growth will continue to outpace the nation’s.
Amtrak upgrades would boost ridership, cost millions
Improvements to Amtrak’s Hoosier State service between Indianapolis and Chicago would boost ridership and revenue, but there’s no scenario under which the line would pay for itself, a study says.
Indiana to negotiate with Amtrak over Hoosier State line
State transportation officials are talking with Amtrak about continuing the Hoosier State line from Indianapolis to Chicago, which requires a state subsidy. The service, which was set to expire on Oct. 16, will continue while negotiations are ongoing.
Anderson leaders work to make most of gateways
A group of Anderson business and civic leaders is focusing on ways to change perceptions of those traveling into the city by improving interstate entrances.
Pilots heap praise on state lawmakers
Indiana aviators are still celebrating two tax breaks created in the 2013 legislative session, one eliminating a sales tax on parts and repairs and a restructuring of the fuel tax that translates to hundreds in savings per fill-up.
Work set to begin on Carmel segment of new U.S. 31
A $141 million contract includes interchange improvements at Interstate 465 and new roundabout interchanges at 106th, 116th, 131st and 136th streets.
Republic Airways extends deadline for Frontier sale
The Indianapolis-based regional carrier plans to tie up negotiations with a prospective buyer, believed to be headed by former Spirit Airlines Inc. Chairman Bill Franke.
Amtrak officials reiterate route’s importance to repair hub
Amtrak officials are continuing to emphasize that the future of a repair facility south of Indianapolis could hinge on whether it begins receiving $3.1 million in annual state funding for passenger train service between Indianapolis and Chicago.
Online retailer Newegg plans big distribution center
Newegg.com is considering a $15 million distribution center in Indianapolis that would employ 150 people by the end of 2015.