Indiana’s oldest ethanol plant cutting 30 jobs
An ethanol plant in South Bend is laying off about 25 percent of its employees this summer and the company that owns the plants is up for sale.
Transportation
Articles
Hoosier manure to power dairy farms’ delivery trucks
Fair Oaks Farms in northwestern Indiana plans by next year to have 42 new delivery trucks running on compressed natural gas created by harnessing microorganisms to turn cows’ manure into biogas.
Pilots OK cuts, allowing Republic to pursue restructuring plan
Frontier Airlines pilots overwhelmingly approved concessions that will allow parent Republic Airways Holdings Inc. to pursue a $120 million restructuring at the unprofitable unit. Indianapolis-based Republic bought Frontier out of bankruptcy in 2009.
Indy taco-truck business rolling into other cities
West Coast Tacos, which led a mobile culinary trend in Indianapolis last summer, plans to expand into Carmel and Fishers, as well as Bloomington and West Lafayette, in the next few months.
Towing companies sue city over contracts
The plaintiffs claim the city violated the bid process by awarding contracts to companies that didn’t meet the requirements. They’re asking for an injunction to prevent the contracts from taking effect.
Merger of cell phone titans takes glow off Brightpoint
Some analysts say investors overreacted to the risk Brightpoint would lose T-Mobile as a customer. Merriman Capital's Scott Searle estimates the earnings impact from losing that client would be “dramatically less than investors originally feared” and “is more than adequately reflected in the stock price.”
Republic pins Frontier Airlines’ fate to pilot vote on savings
Republic Airways Holdings Inc. is counting on pilots approving concessions to kick-start a $120 million restructuring plan at its Frontier Airlines unit, 20 months after buying the carrier out of bankruptcy.
Indiana public companies had banner year
Corporations staged advances across a variety of industries in 2010 as the economy improved.
CIRTA launches campaign to support mass transit
The goal is to show state lawmakers the support that exists for local funding options that might improve mass transit. Organizers plan to deliver the signatures when the next legislative session convenes in January.
Federal judge dismisses Brightpoint fraud suit
A London-based hedge fund sued Brightpoint over a $10 million loan it alleged the Indianapolis-based mobile phone distributor fraudulently brokered in anticipation of an acquisition that never materialized.
Republic may cut Frontier stake as pilots offer concessions
Republic Airways Holdings Inc. agreed to seek new investors for Frontier Airlines, shrinking its stake to become a minority owner, in exchange for concessions from pilots at the unprofitable carrier.
High fuel prices dog Republic Airways
Indianapolis-based Republic Airways Holdings Inc. has struggled in the transition from a contract-only airline to one that offers scheduled flights.
Medco may seek acquisition with biggest contract imperiled
Medco Health Solutions Inc., which operates a $140 million automated pharmacy and distribution center in Whitestown, has lost $3.5 billion in contracts since March.
Officials say bridge project can be changed
Officials who want to build two new bridges over the Ohio River and redo a downtown interchange announced Thursday that they've found ways to cut the cost of the project by more than $1 billion.
Electric vehicles gain traction in region
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
General Mills plans $36M distribution center
General Mills Inc. announced Tuesday it would spend $36 million in building the new distribution center in Fort Wayne and potentially add 65 jobs by the end of 2012.
INDOT seeks public input for state’s rail transportation plan
Freight and passenger rail are subject of long-range planning events.
Prices at gas pump painful for most Americans
In a poll about the cost of gasoline, 71 percent said rising prices will cause some hardship for them and their family, including 41 percent who called it a "serious" hardship.
Ener1 stock takes beating after Think write-down
The battery maker has been hurt by slow sales of electric car manufactured in Elkhart.
Is INDOT bypassing public on planning?
Groups that perennially press the Indiana Department of Transportation to broaden its vision of mobility beyond highways now accuse the agency of “significant ineptitude or willful disregard” in eliciting public input.