UPDATE: Georgia firm buying Bill Estes’ four Indianapolis dealerships
The Bill Estes Auto Group, which launched its first dealership 43 years ago, confirmed Wednesday it has agreed to be acquired by publicly traded Asbury Automotive Group.
Transportation
Articles
Group launches $15M loan fund for housing near IndyGo stops
The goal is to preserve or spur development of 1,000 affordable housing units within close distance of an Indianapolis transit stop over the next five years.
UPDATE: IndyGo to accelerate schedule for Red Line construction
Speeding up construction is expected to shave four months off the 13-mile bus line project.
Bridge needs $120K in repairs even before completion
Work on the $13.5 million replacement span in downtown Anderson began in November 2017. Once work on the eastbound lanes is completed, the westbound lanes will be closed again.
Indiana ports see big jump in cargo shipments
The record amount of cargo was due in large part to increases in shipments of coal, soy products, grain and steel.
Get up to speed on the last leg of I-69 construction
At long last, Interstate 69 is getting real for Marion, Johnson and Morgan counties.
IndyGo CEO to depart public transit agency after 15 years
Michael Terry oversaw IndyGo at a critical time. In 2016, the agency successfully asked Marion County taxpayers for increased revenue in a tax referendum. The agency is now carrying out a plan to build three bus rapid-transit lines in Indianapolis.
Republic’s flight schedule affected by overnight systems glitch
The Indianapolis-based airline said the problem has now been fixed, though some of its flights will be affected Friday as it works through its schedule.
Indianapolis-based FitzMark acquires fast-growing local competitor
The acquisition creates a local logistics company with about 130 employees and annual revenue of about $145 million.
State legislator hopes to get traction for bills on I-65/I-70, light rail
One of the bills would restrict changes that could be made to the Interstate 65/Interstate 70 inner loop around downtown. Another would remove the ban on light-rail projects in Indianapolis.
Tesla to cut more than 3,000 jobs on tight road to making affordable car
The maker of luxury electric vehicles plans to ax 7 percent of its workforce as it tries to lower prices and break out of the niche-car market.
Airport lands international aviation conference, chance to make vital connections
The Routes America 2020 conference coming to Indianapolis on Feb. 3-5 of next year could have a huge impact on air travel to and from the city, even though the event itself is only expected to draw about 800 attendees.
$15M project to widen State Road 32 will disrupt downtown Westfield businesses
By 2022, the city and the Indiana Department of Transportation expect to begin widening a half-mile section of the thoroughfare from Shamrock Boulevard to East Street.
Daniel Jones, like his famous father, isn’t afraid to sling stones at giants
He thinks his ride-share company, Bloomington-based Nomad Rides, has a unique business model that can carve out market share from goliaths Uber and Lyft.
Airport wants to add FAO Schwarz, MAC cosmetics, others to retail lineup
Airport officials have reached lease agreements covering 19 retailers, the first wave of deals negotiated as part of the airport’s concessions refresh program. The airport authority’s board is set to vote on the contracts Friday.
From travel to IPOs, here’s how shutdown is upsetting U.S. economy
Delta Air Lines can’t get eight new aircraft in the air. Roughly a million government employees and contractors aren’t being paid. Some Americans who are trying to start small businesses face delays in obtaining information from the IRS.
Fast-growing DoubleMap, maker of transit software, merges with Utah company
The Indianapolis company, formed in 2009, makes apps that allow users to track buses in real time and hail rides on demand. It is merging with Ride Systems LLC to gain more users and build market share.
Truckers sue the state for increased toll road fees
Holcomb announced in September that fees along the 157-mile toll road would increase by 35 percent for heavy vehicles and that the state would in turn reap $1 billion to spend on new infrastructure projects.
IU moving LifeLine hub from Richmond to New Castle
Indiana University Health plans to move one of its five Lifeline medical helicopter bases out of Richmond in the coming months.
Indianapolis-based trucking firm Celadon Group switches auditors
The move comes as Celadon works through a host of accounting and financial issues that were first announced in May 2017.