KAR turns higher-than-expected quarterly profit despite missing revenue projections
The Carmel-based company said its results for the first nine months of 2020 have been “significantly impacted by the COVID-19 pandemic.”
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COVID-19 explodes in Elkhart County while pandemic becomes political
Local officials say state and federal authorities in recent weeks have showed little interest in helping them push for the tougher measures needed to control the pandemic.
Airlines face winter survival test after virus slows rebound
The pain is evident across the globe, where airlines have rescinded earlier forecasts that called for traffic to gradually increase toward normal levels during the fourth quarter.
American, Southwest, Alaska add to airline loss parade in third quarter
Combined with earlier losses reported by Delta and United, the four largest U.S. airlines have lost at least $10 billion in each of the last two quarters. A recent uptick in passengers, however modest, has provided some hope.
City launches public survey to gauge public interest in reusing BlueIndy sites
The ideas the city received fell into four broad categories: public charging for e-bikes and scooters, public charging for electric vehicles, shared transit services and placemaking.
U.S. air passengers exceed 1 million, first time since March
People have incrementally returned to the skies, but in far fewer numbers than normal. The seven-day average as of Sunday was 871,513, or 35.6% of the equivalent week last year.
IndyGo adds two sites to list of possible property purchases
IndyGo has been evaluating possible expansion sites around the city in recent months because it has run out of room at its West Washington Street headquarters.
Airline industry fights for financial relief in one form or another
Aviation leaders had hoped to be included in a broader pandemic relief package, but once it became clear that the White House was done negotiating, industry leaders quickly shifted focus to a stand-alone bill.
Congress taking another run at airline bailout
House Democrats on Friday proposed a new $28.8 billion bailout for the airline industry after the carriers began furloughs of more than 32,000 workers to cut costs during a pandemic that has devastated air travel.
Airlines say furloughs will begin Thursday after no relief deal is reached
U.S. airlines said they will begin furloughing tens of thousands of employees on Thursday, but they left open the possibility that workers could be called back if a federal relief package is reached in the next few days.
Spot Freight spins off new software company, adds 40 workers
The spinoff company, Red Technologies, is built around proprietary software that Spot launched in 2015 to help connect shippers, trucking companies and drivers for the purpose of freight brokering.
United Airlines reaches deal with pilots, avoids furloughs
The Air Line Pilots Association said Monday that the deal will allow United to spread a reduced amount of flying across the airline’s 13,000 pilots to save jobs at least until June.
Airline industry pleads for mandatory virus tests to prop up demand
While the call for testing isn’t new, the outlook has turned increasingly grim for airlines taking stock of a disappointing summer with rising infection rates and restrictions dashing hopes for a recovery.
Texas developer plans $325M industrial park in Whiteland
Dallas-based Mohr Capital has already broken ground on the first building in the master-planned Mohr Logistics Park—a 1 million-square-foot distribution center for Cooper Tire—and has several more in the early planning stages.
UPDATE: Indianapolis to waive its option to purchase BlueIndy assets
After issuing a request for information and performing an infrastructure analysis, the city said it found that the existing charging stations “perform at a level below what is considered viable for reuse.”
Fire damages, destroys about 20 trucks on Indianapolis lot
A fire that damaged or destroyed about 20 big trucks at a south-side Indianapolis business is being investigated as arson. The blaze was reported about 3:30 a.m. Thursday at M&K Truck Center, 1401 Harding Court. The business said it was offering a $30,000 reward “for information leading to the arrest and conviction of those responsible […]
Growing number of airlines offer ‘flights to nowhere’ as international travel remains stalled
Qantas, among the latest to advertise a flight that departs and arrives at the same airport with no stops along the way, said the trip sold out less than 10 minutes after going on sale.
Indiana to begin next round of local road grants after pandemic-related pause
The state’s Community Crossings grant program has awarded more than $730 million to projects in all 92 counties over the past four years.
COVID-19 makes flying business class feel more like economy
Efforts to minimize human interaction and reduce the risk of COVID-19 infection are taking the shine off the most expensive seats onboard commercial aircraft.
Travelers nervous about flying with commercial airlines are turning to charters instead
According to FlightAware statistics, on Aug. 23, U.S. airlines operated 15,419 flights, down 45% from a year earlier. On that same day, the United States saw 8,883 business aviation flights—down only 4% from a year earlier.