FinishMaster reports higher quarterly sales, profit
The Indianapolis-based distributor of automotive paints and accessories said its third-quarter profit climbed nearly 16 percent, to $3.5 million. Revenue increased 3 percent, to $108.8 million.
Transportation
Articles
Celadon’s quarterly profit, revenue improve
The Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter and profit of $4.4 million.
American Commercial Lines sued over $777M buyout bid
Officials of Jeffersonville-based American Commercial and private-equity firm Platinum Equity LLC structured the $33-a-share offer in a way that unfairly bars other bids for the shipping company, American Commercial shareholder Leonard Becker said in his lawsuit.
Defunct ATA Airlines awarded $66M in FedEx lawsuit
An Indianapolis jury has returned a $65.9 million verdict against Memphis-based FedEx in a breach-of-contract lawsuit brought in 2008 by now-defunct ATA Airlines.
N.Y. attorney general sues FedEx over driver status
The Memphis, Tenn.-based company, which has a distribution hub in Indianapolis, says its contract-driver model is legal and was approved for tax purposes by the U.S. Internal Revenue Service in 1994.
Indiana will spend $77 million to reduce impact of new I-69
Environmentalists not impressed, say state is doing the minimum to comply with federal law.
Monday morning commute downtown could be messy
Motivational event bringing 13,000 people to Conseco Fieldhouse is expected to snarl downtown traffic during the early morning commute.
City rolls out revised parking-meter deal
City would reap more cash in the long run and get more flexibility to alter the deal if necessary, but the controversial 50-year term of the contract remains.
Jeffersonville shipyard part of proposed $777M deal
American Commercial Lines Inc. announced Monday that Los Angeles-based Platinum Equity has offered a $777 million for the company, which includes the Jeffboat shipyard in Jeffersonville.
Pact cuts costs for airlines at Indianapolis International
A new agreement brings favorable outcome to negotiations that bottomed in 2007, when passenger carriers complained of footing bill for FedEx Corp.’s airport expansion.
Frontier could seek marketing deal with major airline
Frontier Airlines may seek a marketing agreement with a major carrier as industry collaboration continues, said Bryan Bedford, chief executive of Indianapolis-based parent company Republic Airways Holdings Inc.
Funding about to expire for IndyGo’s north-suburban routes
The luxury coach routes from downtown to Fishers and Carmel were launched three years ago and have been popular among suburban commuters.
Newsweek notes safety record of Carmel’s roundabouts
Carmel leads the nation in revamping intersections and has seen an 80-percent drop in injury accidents as a result, the magazine noted.
United Way steps in to help Morgan County’s flood repair
The grant came from a $45 million pool created by Lilly Endowment Inc. in 2008.
Coordinating Lilly ‘Day of Service’ a major undertaking
Getting 8,500 volunteers to where they're supposed to be along Interstate 70 relies on a system of color-coded passes. By 6 p.m. Thursday, they'll have planted 1,600 trees and 72,000 shrubs and perennials (with photo gallery).
Grocery distributor to create 100 jobs in Bloomington
State economic development officials on Wednesday announced food distributor Nash Finch Co.’s plans to open a Bloomington warehouse and hire 100 workers, formalizing a commitment the Minnesota-based firm made this summer.
Plans for moving Greenwood airport put on hold
A slump in business travel has left the Greenwood Municipal Airport unable to attract the additional jet traffic it needs to have a chance at federal money for an expansion project.
Republic’s big moves pay off, but rival airline’s deal poses threat
Republic Airways Holdings not only beat analysts’ second-quarter estimates this year, but also posted a profit. But just weeks after the new player in scheduled service announced those solid results, arch-enemy Southwest Airlines announced it was buying AirTran for $1 billion.
Designated driver service coming to Indianapolis
Leave it to a couple of recent college grads to make money off of driving home the liquored-up.
Critics of parking proposal question $500,000 penalty
City leaders argue the termination fee would be paid only if the city breaks the 50-year agreement after the City-County Council signs off on the deal, not if the contract doesn’t win approval.