Cummins sees more revenue, less profit in latest quarter
Cummins said its profitability was affected by several expenses last quarter, the largest of which was the $56 million that the company spent on a one-time bonus to employees.
Transportation
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Stellantis says park older models after more Takata air bag deaths
The latest fatalities bring the death toll from exploding Takata air bags to at least 32 worldwide, including 23 in the United States.
Car loan rates head for 14-year high in new barrier for buyers
The average annual percentage rate on new-car loans was 6.3% last month, the highest since April 2019, according to Edmunds.
United pilots reject contract offer as they push for raises
The Air Line Pilots Association said Tuesday that 94% of the nearly 10,000 United pilots who took part voted against a tentative agreement that the union and United reached in June.
AutoNation’s CEO warns of used-car price drop as rising rates curb demand
The biggest U.S. chain of car dealerships said used-vehicle prices are softening as rising interest rates curb demand from more price-sensitive buyers.
Renters face charging dilemma as U.S. cities move toward EVs
EVs are soaring in popularity amid tax incentives and high gas prices, but how and where to charge up remains a dilemma that’s a barrier for most renters.
Railroads reject sick time demands, raising chance of strike
The railroads took the unusual step of issuing a statement late Wednesday rejecting the Brotherhood of Maintenance of Way Employes Division union’s latest request to add paid sick time on top of the 24% raises and $5,000 in bonuses they received in the first five-year deal.
Largest U.S. airlines rake in big summer profits
Executives at all three big U.S. airlines said they see no indication that consumer concerns about inflation and the economy are hurting ticket sales.
Spirit Airlines shareholders approve $3.8B sale to JetBlue
JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation’s biggest budget airline. But the deal could still face a challenge from federal antitrust regulators.
Bicycle Garage Indy to exit City Market complex for new location
One of three Bicycle Garage Indy locations is shifting to the Box Factory development near Massachusetts Avenue and the Monon Trail.
U.S. to require more rest between shifts for flight attendants
Union officials have pointed to a 2020-2021 increase in incidents involving unruly passengers as demonstrating the need to give cabin crews more rest between shifts.
IndyGo completes $6.6M Delaware Street project with Indy DPW
IndyGo is taking steps to make some of its regular bus stops more like the decked-out stops along its rapid-transit lines, starting with its first “super stop,” which it unveiled Monday.
Americans planning fall travel despite higher costs ahead
U.S. travel optimism is running high, despite chaotic, expensive, and frustrating service over the summer.
Feds approve Indiana’s $100M plan for electric vehicle charging network
The approval paves the way for the Indiana Department of Transportation to begin the process of installing more than 100 charging stations across the state.
White House: New rule will show ‘true cost’ of plane tickets
The new rule is intended help consumers save money up front and encourage more competition among airlines to offer better fares.
Indianapolis International Airport again tops J.D. Power survey
The survey, released Wednesday, measures customer satisfaction based on feedback in six areas.
NTSB wants all new vehicles to check drivers for alcohol use
The National Transportation Safety Board is recommending that all new vehicles in the U.S. be equipped with blood alcohol monitoring systems that can stop an intoxicated person from driving.
FAA rejects request from Republic Airways to hire less-experienced pilots
Bryan Bedford, CEO of Indianapolis-based Republic, said he was disappointed but not surprised by the FAA’s decision. He said the agency didn’t give the airline’s request the review that it deserved.
Rail workers win key concessions in deal to prevent strike
The raises workers will receive as part of this deal will be the biggest ones they have received in more than four decades.
GM to spend $491M to support EV production at Indiana plant
The company said it will add two press lines at its Marion Metal Center and invest in upgraded equipment to equip new and future electric vehicle models, including the Chevrolet Silverado EV, GMC Hummer EV, Hummer EV SUV, and Cadillac Lyriq.