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%.
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.
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 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.
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.
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.
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.
Critics of Celadon management say a deep-seated, clubby culture helped propel the Indianapolis-based trucking giant toward financial ruin.
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.
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.
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.
The company moved goods for many well-known companies, including Alcoa, General Electric, John Deere, Philip Morris, Procter & Gamble, Target and Walmart.
The flights from Indianapolis International Airport to Seattle-Tacoma International Airport begin May 21. They will feature local departure times of 8 a.m. and local arrival times of 6:30 a.m.
CEO Paul Svindland said challenges in the trucking industry, along with fallout from what prosecutors allege was a massive accounting fraud engineered by prior management, proved impossible to overcome.
The Indianapolis-based company lost its way after founder Stephen Russell gave up the CEO’s role in 2012, and three of its former executives now are facing fraud charges.
The Fishers City Council gave preliminary approval Tuesday to a 10-year tax abatement for the developers of the Hub & Spoke building and approved $3.125 million in road project bonds.
Auto auction giant KAR Global’s acquisition of a Florida-based locksmithing company has blown up in spectacular fashion, a meltdown it blames squarely on the man who founded the business.
The proposal aims to relax several long-standing regulations that put taxi companies at an unfair advantage compared with ride-sharing companies Uber and Lift, which don’t have to comply with the same standards.
The lawsuit, filed in the U.S. Court of Appeals for the District of Columbia Circuit, marks the latest round in an escalating fight between the White House and California officials over how quickly the nation’s auto fleet must increase its fuel-efficiency.
United Airlines said Friday that without the planes, it will cancel 56 flights a day in January, February and early March.
