Financing strategy for roads hits bump
A standard-bearer of public-private partnerships since former Gov. Mitch Daniels’ toll road lease, Indiana might be turning away from at least one form of the P3s.
Transportation
Articles
Thanksgiving getaway: 46.3 million to hit the road
During the Thanksgiving holiday weekend, 46.3 million Americans are expected to travel 50 miles or more from home, the highest number since 2007, according to car group AAA.
Ex-exec says INDOT ignored problems with Amtrak line bid
A former executive with a company once in the running to manage an Amtrak line between Indianapolis and Chicago said the company lacked financing and experience.
Two counties balk at leasing Indiana Toll Road
Elkhart County and LaGrange County aren’t ready to join a proposed seven-county effort to lease the Indiana Toll Road.
Allegiant adding seasonal nonstops from Indy to Big Easy
The Las Vegas-based discount airline said the flights from Indianapolis to Louis Armstrong New Orleans International Airport will be offered twice a week from Feb. 5 through May 5.
Investment bank may lead counties’ toll road bid
A northern Indiana county's commissioners have turned to an investment bank to lead a proposed seven-county consortium that would bid on the Indiana Toll Road's lease.
UPDATE: Allegiant Air to debut service from Indianapolis
Newcomer Allegiant Air has announced new nonstop routes from Indianapolis to Las Vegas and cities in Florida, starting in February.
Airlines prepare for busiest holiday travel period in years
U.S. airlines expect to carry 24.6 million passengers over the 12 days surrounding Thanksgiving, up 1.5 percent from last year.
INDOT breaks off negotiations on Amtrak rail service
The Indiana Department of Transportation has ended contract negotiations with a private contractor to provide passenger rail cars, marketing and other services between Indianapolis and Chicago.
Job cuts to hit Rolls-Royce operations in Indianapolis
The global firm is planning 2,600 job cuts over 18 months, primarily in its aerospace division. Its Indianapolis operations, which employ about 4,500 people, are devoted mostly to civil and defense aerospace work.
Cummins nears finish of new Indiana warehouse
The company plans to consolidate 80 employees from distribution sites in Seymour, Jonesville and Greenwood at the new $15 million warehouse and distribution center.
Ridership drop another blow to Indy-Chicago rail line
The Hoosier State line that runs from Indianapolis to Chicago saw a 10-percent decline in revenue and a nearly 8-percent drop in ridership for its fiscal year.
Fill ‘er up: Gas under $3 per gallon again
Seasonal swings and other factors will likely send gas back over $3 sooner than drivers would like, but the U.S. is on track for the lowest annual average since 2010—and the 2015 average is expected to be lower even still.
Final path of I-69 to Indianapolis could be 3 years away
The state says no decision can be made until a Tier 2 environmental impact statement is completed. That process is expected to take two to three years.
Celadon sees more profit, revenue in latest quarter
Celadon Group Inc. saw profit increase 21.2 percent in its latest quarter as revenue climbed 10.5 percent, the Indianapolis-based trucking firm announced Wednesday.
UPS predicts 11-percent hike in December packages
United Parcel Service Inc. said Wednesday that it will handle 585 million packages worldwide in December.
Republic Airways reports improved quarterly results
Indianapolis-based Republic Airways Holdings Inc. on Tuesday reported higher revenue and profit in the third quarter.
Indiana Toll Road operator wins approval of bankruptcy plan
U.S. Bankruptcy Judge Pamela S. Hollis in Chicago on Tuesday granted ITR Concession Co. approval of the reorganization plan, which is supported by more than 87 percent of senior secured debtholders.
Fourteen hurt in Indiana Amtrak crash with semi
An Amtrak train traveling from Indianapolis to Chicago collided Tuesday morning with a semitrailer in its path along northwestern Indiana rail tracks, injuring at 14 people aboard the train, police said.
Ballard unveils $32M plan to rent electric-vehicle fleet
Mayor Greg Ballard announced Tuesday morning a plan to replace gas-powered cars in the city’s fleet with 425 all-electric and hybrid vehicles by 2016. Indianapolis is the vendor’s first customer.