Parking market leader Denison acquires top competitor
Indianapolis-based market leader Denison Parking Inc. on Monday said it acquired EZ Park of Indianapolis Inc., the second largest parking operator in central Indiana.
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State school bus safety program nets nearly 2,700 tickets
The program funded additional patrols by nearly 40 police departments aimed at improving school bus safety, The citations issued during the first two months of the 2019-20 school year included 453 bus stop-arm violations and 1,239 for speeding.
Oil prices jump on fears of Iranian retaliation against U.S.
If sustained, the rise in oil prices could lead to more expensive car fuel, heating and electricity bills, stifling the global economy at a time when it is already slowing.
Local startups team up to advance drone parcel-delivery system
The partnership unites Pierce Aerospace’s remote identification technologies and DroneDek’s patented last-mile logistics offering, including a drone mailbox system.
Legal marijuana sales in Illinois, Michigan might spark interstate tension
As Illinois prepares to join Michigan in the recreational pot market on Wednesday, officials are renewing warnings to consumers against carrying such products over state lines.
Another executive departs as Boeing tries to correct course
Mike Luttig was Boeing’s general counsel and a close adviser to the aviation firm’s ousted CEO.
Boeing discloses ‘very disturbing’ messages on Max to FAA
At least some of the messages were written by the same Boeing pilot whose 2016 messages were released in October and were the subject of sharp questioning by lawmakers, according to a person familiar with their contents who wasn’t authorized to discuss them.
Fog snarls dozens of flights at Chicago’s O’Hare, Midway airports
By midmorning, nearly 50 flights had been canceled at O’Hare, and more than 70 flights canceled at Midway, split evenly between arrivals and departures, according to the Chicago Department of Aviation.
Slump in aircraft production brings down orders for durable goods
Orders to U.S. factories for big-ticket manufactured goods fell by the largest amount in six months in November, led by a large decrease in orders for defense aircraft and parts. But a closely watched category that tracks business investment ticked up 0.1%.
Boeing CEO to step down amid ongoing Max 737 troubles
The Boeing board said a change in leadership was necessary to restore confidence in the company as it works to repair relationships with regulators and stakeholders.
Electric car service Blue Indy ceasing operations
The electric-car-sharing service that launched in September 2015 notified customers Friday morning that it will discontinue its Indianapolis fleet in May.
Indiana State taking high-tech approach to product packaging
Indiana State University is at the forefront of the increasingly complicated and important world of packaging. It’s one of seven colleges in the U.S. to offer a four-year degree in package engineering technology.
Program that gives residents rides to groceries expands to city’s west side
The Lyft Grocery Access pilot program, which launched on the city’s far-east side in July, will now serve residents living in the area bounded by 42nd Street on the north, St. Clair Street on the south, Meridian Street on the east and Riverside Drive on the west.
Boeing to halt production of 737 Max airliner in January
The message to Boeing Co. from the Federal Aviation Administration was clear: The grounded 737 Max won’t get approval to fly again anytime soon. So the company had little choice but to idle the giant factory where the plane is made.
IBJ Podcast: The demise of a trucking giant
In the years after Celadon Group’s co-founder and longtime leader, Stephen Russell, retired and then died, the company went in new directions that led to financial problems and accusations of fraud. Podcast host Mason King talks with IBJ Editor Greg Andrews and reporter Susan Orr about Celadon’s rise and fall as well as what role the fraud allegations played in its demise.
BEHIND THE NEWS: A flawed culture poisoned Celadon
Critics of Celadon management say a deep-seated, clubby culture helped propel the Indianapolis-based trucking giant toward financial ruin.
Another massive Takata recall looms for large batch of air bags
Bankrupt supplier Takata faces a Dec. 31 deadline to show the U.S. National Highway Traffic Safety Administration that as many as 100 million inflators containing a chemical drying agent will be safe long-term.
Airline trade group predicts Christmas travel will increase 3%
The trade group Airlines for America said Tuesday that 47.5 million people are expected to fly over an 18-day period from Dec. 19 through Jan. 5.
Holcomb hopes to ban mobile-device use while driving as part of 2020 agenda
Indiana Gov. Eric Holcomb said Tuesday that he wants the state to impose a hands-free-driving law in 2020. The proposal, which would prohibit the use of mobile phones while operating a motor vehicle, is part of the Republican governor’s 2020 legislative agenda.
Celadon shutdown to create shipping headaches for Fortune 500 firms
The company moved goods for many well-known companies, including Alcoa, General Electric, John Deere, Philip Morris, Procter & Gamble, Target and Walmart.