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.
Transportation
Articles
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.
Federal board’s ruling paves way Nickel Plate Trail development
The Federal Surface Transportation Board has ruled in favor of a plan by Fishers and Noblesville to convert the Nickel Plate Railroad into a recreational trail, removing the last big legal hurdle faced by the project.
Fire risk forces recall of 874K Ford F-Series pickup trucks
Ford says that water and contaminants can get into the engine block heater cable and cause corrosion. That can cause electrical shorts and possible fires.
Noblesville hasn’t advanced Nickel Plate trail, as mayoral candidates question plan
As Fishers charges ahead with converting the Nickel Plate Railroad into a pedestrian pathway, the trail through Noblesville doesn’t seem to be gaining that same traction.
FedEx shares plunge as gloomier forecast sows doubts on economy
The courier has cut its financial outlook just three months after raising it, reflecting an abrupt change in FedEx’s view of the global economy.
Council committee passes scaled-back proposal to extend parking-meter hours
The council’s Public Works Committee unanimously approved a proposal to standardize hours at all 4,000 parking-meter locations across the city.
IU Health People Mover train to shut down indefinitely
The health system said the 15-year-old elevated train service needs major maintenance, but did not say whether the system would ever return to service.
Celadon CEO Svindland recovering after brain surgery
CEO Paul Svindland is recovering at home following surgery last week to remove a benign brain tumor, the Indianapolis-based trucking company said Tuesday.
Spirit Airlines to launch operations at Indianapolis International
Fast-growing national low-cost carrier Spirit Airlines plans to begin operations in Indianapolis next year, beginning with nonstop flights to and from three destinations.