Republic Airways reports lower profit, revenue
Republic Airways Holdings Inc. reported a smaller profit and less revenue in the third quarter due to the fallout of its recently resolved labor issues with pilots.
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KAR reports jump in third-quarter profit, revenue
Carmel-based KAR Auction Services Inc.’s earnings fell slightly short of analyst expectations in the third period, but its revenue exceeded predictions.
Keystone XL pipeline developer asks U.S. to suspend review
Keystone XL has become one of the most contentious energy issues of Barack Obama’s presidency, and the pause would allow him to put off a tough decision on an issue that has divided key Democratic constituencies.
Warehousing firm plans $11.7M expansion near downtown
Merchandise Warehouse Co. Inc. is planning an expansion and renovation of its warehouse facilities just south of downtown, allowing it to add 65 employees over the next five years.
Carmel denied federal funds for Keystone, 96th Street project
The city of Carmel, which had been counting on landing a federal grant to help fund a proposed $31.9 million overhaul of the 96th Street and Keystone Avenue intersection, once again was not picked.
Celadon’s quarterly results beat Wall Street expectations
Indianapolis-based trucking company Celadon Group Inc. topped Wall Street expectations with big increases in quarterly revenue and profit.
Republic Airways pilots vote to approve labor agreement
Republic Airways Holdings Inc. announced Tuesday that a majority of its 2,100 pilots have approved a new three-year contract, ending a years-long labor dispute that threatened to put the regional airline out of business.
Company has bigger plans for Indianapolis to Chicago train
Iowa Pacific Holdings envisions Amtrak trains traveling between Chicago and Indianapolis 14 times a day.
FedEx predicts big increase in holiday shipments
The delivery company predicted Monday that shipments from Black Friday through Christmas Eve will rise 12.4 percent over last year, to 317 million pieces.
Logistics firm planning $14M south-side distribution center
Two local subsidiaries of Miami-based Venture Logistics LLC want to build the 400,000-square-foot facility on a 46-acre site at West Hanna Avenue and Division Street, near South Harding Street.
Drone close calls spur government to require registration
The federal government will require many drone aircraft to be registered, a move prompted by the growing number of reported close calls and incidents that pose safety risks, officials announced Monday.
Pence’s plan for roads faces financing, partisan hurdles
The condition of Indiana's roads and how to raise enough money to maintain them has emerged as a volatile political issue.
UPS set to raise rates to boost stagnant revenue
UPS is raising ground, air and freight rates by averages of around 5 percent this year as it seeks to cover rising labor and equipment costs.
Key lawmaker questions Pence’s road improvement estimates
Days after Gov. Mike Pence proposed a $1 billion rehab of state highways, House Roads and Transportation Chairman Ed Soliday raised questions about construction cost estimates provided by the governor’s administration.
UPDATE: Pence announces $1B highway plan amid criticism
Indiana Gov. Mike Pence is proposing a $1 billion boost in state highway funding over four years. He said the added spending on roads and bridges could be accomplished without raising taxes.
Pence set to announce Indiana infrastructure boost
The Republican governor's announcement scheduled for Tuesday afternoon comes amid recent political sparring with Democrats over state highway conditions.
Southwest fixes computer failure, sees normal flight schedule
Southwest Airlines Co. said it has fixed computer system failures that delayed hundreds of flights around the United States over the weekend.
VW might compensate owners of diesel cars for loss of value
Earlier this week, Kelley Blue Book said the value of VWs with 2-liter diesel engines had fallen 13 percent since mid-September, about when the automaker’s emissions cheating scandal came to light.
Lawmakers vent as VW chief apologizes for scandal
Volkswagen’s top U.S. executive testified Thursday on Capitol Hill as the emissions-rigging scandal engulfing the automaker deepened and House members said the firm violated the public’s trust.
Solar farm planned near Anderson airport
The 53-acre project near Anderson Municipal Airport is among several being developed by the Indiana Municipal Power Agency in communities where it provides electricity.