Republic Airways plans to emerge from bankruptcy next quarter
The Indianapolis-based airline company, which filed for Chapter 11 bankruptcy protection in February, filed its plan of reorganization this week.
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Amazon taps merchants for warehouse space to expand inventory
Amazon.com Inc. has a massive network of distribution centers across the country that includes several fulfillment centers in Indiana. But even those aren’t enough to keep up with demand for fast shipping.
Carmel-based KAR Auction buys Michigan firm for $76M
The Flint business will become part of KAR’s Adesa unit, which offers wholesale used-vehicle auction services.
City-County Council approves regulations for pedal pubs
Pedal pubs will be licensed by the city and will have to carry liability insurance, among other requirements.
Electric cars slow to catch on among Hoosiers
Through August, only about 1.7 percent of the 170,000 new cars registered in Indiana this year were gas-electric hybrids.
Marion County votes for higher taxes to pay for expanded transit
Marion County voters on Tuesday said “yes” Tuesday to a transit-related tax increase, which means it’s now the City-County Council’s turn to consider the issue.
Low fuel prices tank Allison’s hybrid-transmission line
Allison’s hybrid bus transmission sales have tanked, and the company says it’s postponing production of hybrid truck transmissions until market conditions improve.
Celadon takes quarterly loss amid ‘lackluster freight volumes’
Celadon Group Inc. shares tumbled Thursday morning, a day after the Indianapolis-based trucking company reported a loss of $2.9 million, or 10 cents per share, in its latest quarter.
Construction under way on Celadon’s new $24M headquarters
The trucking company will move from the east side of Indianapolis to Mount Comfort in Hancock County, where it will have room to grow and better access to Interstate 70 for its drivers.
Wurth Service Supply expanding, moving to Greenwood with $11.5M project
The distribution company, currently located on the north side of Indianapolis, is building a 230,000-square-foot facility in Greenwood’s Southpoint Business Park.
Indianapolis airport to sell 6.4-acre site to local developer
The Indianapolis Airport Authority on Friday also heard about plans to add hundreds of new public parking spaces at the airport in coming months.
Council has final say on transit tax, even if voters pass referendum
The Nov. 8 referendum—if it’s approved—doesn’t institute a transit tax. It only gives the City-County Council permission to vote on one, if it chooses to.
Republic Airways takes huge third-quarter loss
Indianapolis-based Republic Airways Holdings Inc.—which is in the midst of Chapter 11 bankruptcy reorganization—lost a whopping $366.7 million in the third quarter as costs related to the reorganization mounted.
Amazon adding 120,000 workers to meet holiday demand
Amazon told IBJ it would hire thousands of seasonal workers in Indiana, including 6,000 at four facilities in the Indianapolis area.
Rolls-Royce’s $400M modernization is massive juggling act
With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.
Indy-area airports receive $12.6M for upgrades, electric buses
The Indianapolis International Airport plans to purchase six electric shuttle buses, which would constitute the largest electric fleet at any U.S. airport.
Indiana, Illinois still working on Illiana Expressway plans
Transportation officials in Indiana and Illinois expect to complete a revised environmental impact assessment for the proposed 47-mile Illiana Expressway between the two states this fall.
Former coal plant under review for new Ohio River port site
The site of a former coal-fired power plant in southeastern Indiana will be evaluated as a possible location for a fourth port in the state.
Paving the way for more public-private partnerships?
Neither major-party gubernatorial candidate rejects using more so-called P3s in Indiana’s future. Both think the deals have their place, but they differ on when they should be used.
Parts distributor plans to open warehouse in Brownsburg, hire 118
Avept Inc., a distributor of powersports and automotive parts, said it will spend $6.3 million to buy, renovate and equip a 100,000-square-foot building in the Hendricks County community.