Local rental car firm named best in nation in J.D. Power survey
Indianapolis-based Ace Rent A Car expects boost in business after topping big national competitors for first time in J.D. Power and Associates survey.
Transportation
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Republic to cut 220 Frontier jobs in turnaround bid
Frontier Airlines will cut 4.4 percent of its work force as it reduces flight operations in Denver and Milwaukee after Indianapolis-based parent Republic Airways Holdings Inc. said the carrier would be sold or spun off.
Logistics company plans 315 jobs in North Vernon
Exegistics, a Wheeling, Ill.-based logistics service provider, said Monday it plans to spend about $9 million to build a rail-sided distribution facility in North Vernon, creating up to 315 jobs by the end of 2014.
US Airways cutting 52 employees at airport facility
The Phoenix-based airline said it will permanently lay off the local fleet-service employees effective Jan. 9.
Allison Transmission profits surge on global sales
The manufacturer was more profitable in the first nine months of this year than all of last year.
Civic leaders urge Ballard to tackle woes facing urban core
Community leaders are coalescing around a three-prong strategy to attract residents and capital to neighborhoods from just outside downtown to the borders of Interstate 465. It’s not yet clear whether all the initiatives will have the full support of Indianapolis Mayor Greg Ballard.
Indiana attorney general: School bus fees illegal
Indiana Attorney General Greg Zoeller says in a legal opinion that it's unconstitutional for school districts to end free school bus service by turning transportation over to outside agencies.
Upstart Indianapolis logistics firm plans to add 73 jobs
Two-year-old Spot Freight says it expects to reach $30 million in revenue next year.
Republic Airways shares surge on Frontier sales talk
Republic Airways Holdings Inc. shares soared more than 61 percent Tuesday after the company said it would likely sell or spin off its Frontier Airlines unit.
Best Buy closing warehouse sooner than expected
More than 220 employees at Best Buy’s warehouse in Franklin will lose their jobs at the end of January, two months earlier than the company had anticipated closing the facility.
Slower sales curb results at Adesa parent
Carmel-based KAR Auction Services suffered a 16-percent decline in its adjusted profit, missing analyst expectations.
Republic Airways pilots vote on strike authority
Republic Airways pilots who fly regional jets for several airlines are voting on whether to authorize a strike if negotiators can't agree on a new contract.
Indiana school district that ended bus routes faces lawsuit
An Indianapolis parent is suing Franklin Township schools over its decision to stop running school buses. The district this summer sold its buses to an education cooperative that now charges for transportation.
Bright Automotive signs AM General to build hybrid vans
The northern Indiana factory where AM General once made H2 Hummers could be building plug-in, hybrid cargo vans under a deal with Anderson-based Bright Automotive announced Friday.
Speedway hosts meetings about potential for electric car racing series
The three-day conference looked at such things as design plans and technical infrastructure for electric racing vehicles, and preliminary business plans for such a series.
Celadon snub obscures other purchases
Celadon Group has swallowed, whole or in part, nine trucking firms in as many years. But the acquisition momentum lurched to a halt late this month like a semi stopped by a runaway-truck ramp when it was rebuffed by Arkansas-based USA Truck. Since then, Celadon hasn’t signaled its next move.
Compressed natural gas for cars shows signs of catching on
The alternative fuel may soon generate more cash for local firms because it’s much cheaper than gasoline.
Brightpoint earnings rise as revenue soars
Increased distribution and demand for smartphones drove Brightpoint Inc.’s third-quarter revenue up 51 percent, to $1.34 billion, the company said after markets closed Thursday.
Terre Haute airport looks for Super Bowl business
Terre Haute International Airport officials distributed brochures and advertisements about the facility and its hangars during a business aircraft convention this month in Las Vegas.
Quarterly profit surges for trucking firm Celadon Group
Celadon Group Inc.’s first-quarter profit grew nearly 23 percent, to $5.4 million, or 24 cents a share, on revenue of $141.5 million.