Casino exec: Bridge closure costs jobs, state taxes
Officials say closing a key Lake County bridge serving casinos, a steel mill and other businesses is costing the state tax
revenues amid other financial losses.
Transportation
Articles
Indianapolis airport closing off some parking
The top level of the parking garage at Indianapolis International Airport is being closed in a money-saving effort. Officials
also will block off some little-used areas of surface parking lots, saying that the decline in air traffic during the recession
has reduced the need for parking spaces at the new passenger terminal that opened in late 2008
Skillman grows with Reeves acquisition
Ray Skillman’s purchase of Reeves Buick Pontiac means more shuffling of area dealerships.
Indiana on pace for fewest traffic deaths since 1920s
Preliminary figures through Monday show 680 traffic fatalities. That’s the lowest number since the 670 recorded in 1925.
NEWSMAKER: Republic’s Bedford keeps low profile, makes big impact
For the head of an 11,000-employee company, Bryan Bedford has all the profile around these parts as a participant in the
federal witness protection program.
Republic flies boldly into branded-carrier business
After 36 years of flying smaller planes painted in the colors of the major airlines for which it flies under contract,
Republic Airways Holdings in 2009 became a branded airline operator of its own.
NEWSMAKER: Clark lands jobs as airport CEO
The Indianapolis
Airport Authority hired John D. Clark III as CEO, luring him away from Jacksonville Florida.
Indy airport expects less travel than last year
The Indianapolis International Airport is expecting to be busy this week and next despite an average 8 to 10 percent decline
compared to the same period last year.
Local FedEx employees working more during holidays
Many of the 5,000 employees at the FedEx Express hub at Indianapolis International Airport are benefiting from the holiday
shipping rush by working longer hours.
UPDATE: Airport OKs $325,000 in ‘betterment’ projects
Indianapolis’ new $1.1 billion airport terminal faces at least two nagging functionality issues: inadequate protection during
inclement weather at the second-level passenger drop-off platform and sunlight that floods the ticket lobby, making computer
screens hard to read.
Indianapolis Airport Authority credit rating holds steady even as revenue falls
Indianapolis has fared better than some airports in terms of declining revenue, with passengers down
about 10 percent for much of the year and revenue off 16 percent at one point.
Indy Power Systems technology cited by Discovery magazine
Founder Steve Tolen started out to make an electric car and wound up with a device to blend and regulate power among different
types of electric batteries.
Freight Masters files bankruptcy after losing business from Chrysler, Boeing
The minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing
business.
Brightpoint pays $31M for distribution facility
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility
in Plainfield.
KAR Auction Services shares inch up after IPO
Shares of KAR Auction Services Inc. Friday inched above prices set by the vehicle auctioneer in its initial public offering.
KAR Auction Services shares open lower after IPO
Stock in Carmel-based KAR Auction Services Inc. on Friday morning traded below prices set by the vehicle auctioneer in its
initial public offering.
INDOT using federal funds to improve transportation options near schools
The Safe Routes to School program “aims to influence a new generation of healthy, sustainable travel
behavior,” says INDOT.
Plainfield’s MD Logistics sued by Bristol-Myers over lost insulin
Two semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn’t named in the lawsuit.
Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
UPDATE: KAR Auction IPO raises less than hoped
The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.
Republic Airways bringing 300 jobs to city
Republic Airways Holdings Inc. said Tuesday afternoon it will create as many as 300 jobs in Indianapolis next year by bringing
Frontier Airlines’ Operation Control Center to the city.