Best Buy closing Franklin warehouse; 301 jobs lost
The Minneapolis-based appliance and electronics retailer plans to close the facility by the end of March. Employees will be terminated in phases beginning in July.
Transportation
Articles
State assesses impact of Bloomington vote on I-69
Indiana highway officials are trying to sort out the impact of a Bloomington-area group's decision not to include a section of the $3 billion Interstate 69 extension in its local highway plan.
City proposes stricter towing rules
A proposed ordinance would crack down on “predatory” towing practices by requiring tow-truck operators to adhere to several rules meant to protect consumers.
Brightpoint bringing 100 jobs to central Indiana
Brightpoint Inc. will add 100 jobs in Plainfield as it moves its Touchstone Wireless operations from Bristol, Tenn., the company announced late Tuesday afternoon.
Airport lands second valet service
CurbsideValet is on the north end of the terminal, along the departure-level curb.
HICKS: Gas prices explained by simple economics
Oil prices are affected by the demand for petroleum products, the available supply of oil, the value of the currency in which it is denominated, and uncertainty about future supply or demand.
Toyota plants to raise production in June
Toyota Motor Corp. says North American production will rise to 70 percent of normal in June as the company begins to recover from parts shortages caused by the earthquake in Japan.
Amazon plans another area warehouse, more jobs
Amazon.com plans to open a third large distribution center in central Indiana this summer that will employ hundreds of workers, the company said Monday morning.
Environmentalists challenge permit for I-69 bridges
Opponents say bridges along the new, 142-mile highway extension would worsen flooding in southwestern Indiana.
Indiana State Fairgrounds to host collector car auction billed as world’s largest
Last year’s Mecum auction at Indianapolis reported gross sales of $41.7 million and drew more than 30,000 people.
Airport seeks broker to market ex-ATA HQ
The Indianapolis Airport Authority plans to hire a broker to market the 16.5-acre campus along Washington Street near Indianapolis International Airport once used by ATA Airlines. It has been vacant for three years.
Auction services firm improves revenue, profit
The parent company of the Adesa auto auction firm more than quadrupled its first-quarter profit on revenue that increased 5 percent.
UPDATE: Republic Airways loses $22M on fuel, maintenance
Indianapolis-based Republic Airways Holdings Inc. said it lost $22.4 million during the first quarter on higher fuel and maintenance costs.
Uncertain pilot labor situation creates turbulence at Republic
Republic Airways Holdings’ 2009 purchases of regional airlines has created one of the industry’s most complicated labor integration challenges, particularly among pilots now represented by different unions.
Porous concrete gets big test
The new sidewalk and curb material is easing strain on storm sewers on Ohio Street.
Distributor closing Plainfield facility, 76 jobs affected
Toronto-based Ditan Distribution LLC said it will close the distribution center in three phases beginning June 18 and lasting until Aug. 5.
Celadon boosts financial performance
Celadon Group Inc. improved revenue and profit in its third fiscal quarter despite lower volumes attributed to bad weather, the Indianapolis-based trucking company said Tuesday.
KAR Auction plans to refinance with $1.5B term loan
KAR Auction Services Inc., a provider of vehicle-auction services, is seeking to refinance existing debt with a $1.5 billion senior secured term loan and a $250 million senior secured revolving credit facility.
Work begins on new U.S. 31 interchange
The project is part of a larger effort to upgrade the road to interstate standards.
Allison to add 200-plus jobs over next two years
Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.