Articles

Auto auctioneer KAR sees quarterly profit surge

Carmel-based KAR Auction Services Inc. announced Wednesday that it pulled in profit of $7.3 million in the three months ended Dec. 31, a 38-percent jump from the $5.3 million earned in the same quarter the prior year.

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Truck stocks signal economic growth

Companies that act as brokers for trucking services are gaining favor with investors as the 20-month-old rebound shifts into a new phase that’s less dependent on inventory restocking.

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Republic takes quarterly loss but beats analyst estimates

Republic Airways suffered a loss in its fourth quarter as its Frontier Airlines business continued to lose money and its contract business with other airlines remained slower than in 2009. But the airline’s performance easily topped expectations of Wall Street.

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Wrecker business emerges from sad circumstances

After Tammy and Tony Hanna each lost a parent to cancer, the couple took $175,000 from their parents’ life-insurance policies to start Hanna’s Wrecker Service. It opened in October 2008 with five trucks and 13 employees, and now has seven trucks and 17 workers, and plans to move to a larger site that will allow for additional growth.

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