Adesa parent increases revenue, profit
Carmel-based KAR Auction Services Inc. on Wednesday reported a first-quarter profit of $8.1 million, reversing a $3.5 million
loss in the same period last year.
Transportation
Articles
MOUNAYAR: Indianapolis should rediscover public spaces
Too few of the city's revitalization projects are connected by attractive sidewalks, streets, gardens and plazas.
Republic suffers $36.5M loss in first quarter
Indianapolis-based carrier took an $11.5 million charge to write off the Midwest Airlines brand name. Republic is combining Milwaukee-based Midwest with Denver-based Frontier Airlines.
Reduced production drives Calumet to a loss
High crude oil prices and lower production hurt the bottom line at Calumet Specialty Products Partners LP, which Wednesday
reported a $13.1 million first-quarter loss. It posted a $75.6 million profit in the first three months of 2009.
Subaru adding production at Lafayette plant
Japanese automaker has boosted employment by 200 since August to meet demand for its Outback and Legacy models.
United, Continental agree to combine in $3B deal
At Indianapolis International Airport, United accounts for 7.2 percent of passenger traffic and Continental accounts for
5.8 percent, a total of 13 percent, according to March figures from the airport.
Car detailing, oil changes added to Indianapolis International Airport’s repertoire
Such “value added” services are a key part of the airport’s strategy, said John Clark, CEO of the Indianapolis
Airport Authority.
FAA says regional airline didn’t inspect planes
Federal aviation officials want to fine Chautauqua Airlines $348,000 for allegedly flying regional jets thousands of times
without performing required safety inspections.
Celadon reports quarterly profit on higher revenue
The Indianapolis-based trucking company saw profit rise to $400,000 in its third quarter from a $2.1 million loss in the same
period
last year.
LEADING QUESTIONS: Trucking firm CEO leans into the pain
Celadon CEO Stephen Russell faced a treacherous patch of highway when fuel prices spiked and the recession drove the
trucking industry into an economic Death Valley. In IBJ's new video feature on leadership issues, Russell explains
how advice from his dentist helped pave the way to recovery.
Airport cargo-traffic rise could be sign of improving economy
Retailers restocking lean inventories and more online purchases could be driving cargo uptick.
Ethanol doubles its efforts in effort to keep subsidies
For years, ethanol fuel derived from corn was almost politically untouchable, thanks to powerful advocates on Capitol Hill.
The ethanol industry has consequently exploded over the last decade, thanks to government subsidies and incentives. But skepticism
about ethanol is rising, prompted by fluctuating food prices and an organized campaign by anti-ethanol advocates to discredit
the industry.
Indianapolis road projects aided by federal stimulus funds
The city’s Department of Public Works plans a record $88 million in transportation improvements, including road, bridge
and sidewalk projects.
Midwest Airlines name dropped in favor of Frontier
Indianapolis-based Republic Airways Holdings Inc., owns both Midwest Airlines and Frontier Airlines, says it will begin using
the Frontier name for the operations of both carriers.
Airport CEO spent $37K on travel in first year
John Clark took trips to Malayasia, England and the Super Bowl during his first year as CEO of the Indianapolis Airport Authority.
Study: Flying went smoother for passengers in 2009
Passengers reported fewer complaints in 2009 even while cash-strapped airlines reduced flight schedules and charged for everything
from bags and pillows to prime spots in boarding lines.
FAA may levy $380,000 fine against Republic airline
The federal agency says Frontier Airlines used the wrong sign to guide passengers toward one of the emergency exits on its
planes.
Airport shrugs off CEO probe over travel allegations
The Indianapolis Airport Authority board had heard the allegations that John Clark, their star candidate for airport CEO,
spent big on world travel while chief of the Jacksonville Aviation Authority. Now, the Florida state attorney is collecting
travel records there and information from Indianapolis about trips Clark made here for job interviews.
Bus routes to link 30 cities
The partnership called Hoosier Ride is helped by a $2 million federal grant and will operate at least one trip daily in each
direction using Miller charters along four routes running between Indianapolis and Evansville, Muncie, Seymour and Kalamazoo,
Mich.
Ballard mimics Major Moves infrastructure-improvement plan
So far, in discussing his plan to sell the city’s water and sewer utilities, Mayor Greg Ballard has
emphasized the impact on utility rates, the $1.5 billion in city debt Citizens would assume, and the chance
to improve streets and sidewalks. But Ballard also has another key objective: business attraction and
expansion.