A federal task force approved voluntary guidelines Nov. 12 for airlines and airports dealing with passengers stranded for
hours on the tarmac, but it produced no fixed limit on how long they can be delayed before being allowed to leave planes.
An arm of locally based Langham Logistics has won a 40-month, $3.28 million contract to provide logistics services at the
new Indianapolis International Airport terminal.
The new, $1.1 billion terminal at Indianapolis International Airport likely won’t house as many airport employees as the existing
facility. Instead, portions of the terminal are being set aside for their revenue-generating potential.
Indianapolis law firm Baker & Daniels LLP has formed an advanced manufacturing and logistics practice to be headed by
partner James S. Birge.
The city should organize a public-private partnership to create a multi-modal distribution community at the site of the former
Indianapolis Airport terminal.
In the last two months, the Indianapolis Airport Authority board has approved spending at least $850,000 toward grand-opening
parties for the new airport terminal and events in the form of contracts with caterers, event planners and public relations
firms.
Charles F. Potts, the CEO of Indianapolis-based Heritage Construction, will serve as 2009 chairman of the American Road &
Transportation Builders Association.
Sixty Indianapolis-area business and civic leaders visited Denver Oct. 19-21 as
part of the Greater Indianapolis Chamber of Commerce 2008 Leadership Exchange and paid close attention to public transportation, especially commuter trains.
Hawker Beechcraft Corp. has begun work on a $14 million expansion of its terminal and aircraft service facility at Indianapolis
International Airport.
A new rail route launched last month between Los Angeles and CSX’s Avon rail yard could give a further boost to Hendricks County’s booming warehousing-and-distribution industry. The county already hosts some 29 million square feet of warehouse space. However, it lacked a direct connection to the teeming Port of Long Beach in Los Angeles, a major gateway for U.S./ Asian trade. Anyone in the Hendricks County area wishing to send or receive goods from that port by rail had to…
The week of Halloween at the Hicks household is also the week we learn about taxes. It is a natural combination-they are both kind of scary and involve giving up something you’ve worked for to someone else. Having three kids of different ages and interests is especially instructive. My fourth-grader is all about the experience of trick or treating with friends. She is likely to savor every minute chatting, holding hands and skipping along. She is not trying to maximize…
The big debt payments on the $1.1 billion midfield terminal at Indianapolis International Airport start coming due in January–just
as a recession hits and the battered airline industry cuts capacity. Despite the likely prospect of fewer passengers than
projected in the next year or two, airport managers say they don’t anticipate problems shouldering the roughly $40 million
a year in debt burden over the next 30 years for the new facility.
Voters decided last Election Day that they’d had enough of Bart Peterson, but the former mayor is in demand with academics, a think tank, and now the city’s premier leadership network. Peterson is moderator of the Stanley K. Lacy Executive Leadership Series, which introduces “emerging leaders” to Indianapolis and its problems. “It’s something I never went through as a class member. I’ve always envied those who did,” Peterson said of the series, which accepts just 25 applicants each year. “It’s…
Amid all this joyless market watching, this much is clear: The financial markets and the economy are going to get worse before they get better. But market watching is never a healthy sport, especially since it tends to make us lose track of the real economy at times like these. Over the past couple of weeks, the real economy has shown a bit of resilience. And here in Indiana, really great news has been lost in the wake of the…
On Aug. 28, the investment bank UBS downgraded its rating on the Australian investment bank, Macquarie Group. UBS noted that Macquarie faced the threat of a declining asset base, which it leverages to fund Macquarie’s dividend payments. UBS also posited that Macquarie may be inadequately capitalized. Macquarie Group should be familiar to Hoosiers as one of the two entities that leased the Indiana Toll Road in April 2006 for 75 years. To lease the toll road, Macquarie invested $385 million…
As these words are written, we do not know what Congress will decide to do about the mortgage mess. But it is clear folks are angry about the inequity of rescuing borrowers, lenders or traders with funding from the pockets of the innocent. Among the “villains” are home buyers who took on mortgages they could not afford. Also marked for sanctions are over-eager lenders, highly paid executives, and those who dealt in “innovative” financial products linked to mortgages. Those who…
In past columns, I have written about travel to far away places, but there are plenty of discoveries to be made and interesting sights to be seen in cities closer to home. Our recent four-day trip to Memphis is a case in point. We made the obligatory stop at Graceland, where the tagline on all their brochures and ads says, “Where Elvis lives.” Interesting, but we were more intrigued by Sun Studios, where the story really began. That’s where the…
They’re overshadowed in all the talk of a commuter rail line and its cosmopolitan allure. And they don’t get headlines like Indy-Go does when it launches another route to whisk Carmel and Fishers suburbanites to work downtown. But rural transit providers in the nine doughnut counties quietly generate economic growth by hauling hundreds of thousands of people each year in small buses or vans to doctors’ offices, shopping centers and jobs. Suburban businesses have been grousing for years that the…
Goodbye elevated guideway. Goodbye buses zooming down paved-over rail beds. For that matter, forget about commuter trains running down the median of Binford Boulevard and I-69. Or along Allisonville Road or Keystone Avenue. These northeast corridor rapid-transit options, cheered and jeered by residents in the debate over rapid transit, officially get thrown from the train on Sept. 26. That’s if a regional government group votes to accept the recommendation of the Indianapolis Metropolitan Planning Organization for running diesel light rail…
Green construction projects in Indiana are becoming more the norm than the exception. More office buildings, schools and universities and even residences are being designed and constructed to improve environmental efficiency. And now, new and renovated state buildings will be a whole lot greener, too. Gov. Mitch Daniels signed an executive order this summer establishing the Energy Efficient State Building Initiative, mandating that all new state buildings be designed, constructed and operated for maximum energy efficiency. This is significant for…
