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Transportation, Distribution & Logistics
KAR stock falls after private-equity deal reported dead
November 13, 2012
Bloomberg NewsKAR Auction Services Inc. stock took its biggest daily drop in more than three months Tuesday after Reuters reported the provider
of wholesale vehicle auction services ended talks to sell itself to private-equity firm Clayton Dubilier & Rice LLC.
MoreSW Indiana leaders say area must seize I-69 prospects
November 13, 2012
Associated PressThe opening of the Interstate 69 extension's first section in southwestern Indiana next week presents economic opportunities
that some business and government leaders say the area must seize.
MoreStudy: Indiana’s airports contribute $14.1B in economic output
November 13, 2012
A new study says the state's 69 public airports support more than 69,000 jobs--about 30 percent of which are tied to Indianapolis
International Airport.
MoreCountryMark buying oil, natural gas operations for $125 million
November 9, 2012
Scott OlsonIndianapolis-based CountryMark Cooperative Holding Corp. said Friday morning that it has agreed to pay $125 million to purchase
a portion of the oil and natural gas operations of Continental Resources Inc. in Oklahoma City.
MoreMass-transit advocates make headway in new Legislature
November 7, 2012
Kathleen McLaughlinThe $1.3 billion transit plan for Hamilton and Marion counties is one of a few lingering issues — along with Sunday
alcohol sales and a constitutional amendment banning same-sex marriage — likely to appear before lawmakers in 2013.
MoreSuzuki files bankruptcy, leaving U.S. market
November 6, 2012
IBJ Staff and Associated PressThe decision will affect two dealerships in the Indianapolis area: Bob Rohrman's Indy Suzuki and Used Car Superstore and the
Ray Skillman Westside Auto Mall, both of which sell new Suzuki vehicles.
MoreIndiana's oldest ethanol plant shuts down, idling 40
November 6, 2012
Associated PressHigh corn prices, large ethanol inventories, lower gas prices and lower fuel demand were factors cited for the shutdown.
MoreNew nonstop flights from Indy to Houston take off
November 5, 2012
Anthony SchoettleSouthwest Airlines on Sunday launched twice-daily nonstop service between Indianapolis International Airport and Houston Hobby
Airport, marking the first direct flights between the two airports.
MoreInterstate 69 extension under budget, set to open
November 2, 2012
The 67-mile stretch of Interstate 69 connects communities from just northeast of Evansville at Interstate 64 to the U.S. 231
interchange near the Crane Naval Surface Warfare Center.
MoreRepublic Airways profit jumps on Frontier restructuring
November 1, 2012
IBJ StaffThird quarter earnings at Republic Airways Holdings Inc. soared 186 percent over a year ago in the wake of restructuring its
Frontier Airlines unit, the Indianapolis-based company announced late Wednesday.
MoreRepublic plans cost-saving changes for Chautauqua
October 31, 2012
Associated PressRepublic Airways Holdings Inc. said Wednesday that it has worked out changes to its Chautauqua regional airline business that
will save it roughly $45 million per year over the next five years.
MoreHurricane cancels dozens of flights in, out of Indy
October 29, 2012
IBJ Staff and Associated PressMajor airlines on Monday called off 38 flights departing Indianapolis to several airports in New York, Newark, Philadelphia
and Washington. Airlines also canceled 36 flights scheduled to arrive in Indianapolis the same day.
MoreCharter airline proposed by local entrepreneur on investment firm's radar
October 27, 2012
Chris O'MalleyLegacy Travel Club finds believer after months of fruitless fundraising locally.
MoreRepublic Airways inks aircraft deal with Caesars
October 26, 2012
Associated PressRepublic Airways Holdings Inc. said Friday that it had agreed on a three-year deal with casino giant Caesars Entertainment
Corp. to operate five Embraer E190 aircraft that will provide more than 1,500 flights each year for Caesars' customers.
MoreCeladon Group's quarterly profit jumps 50 percent
October 24, 2012
Indianapolis-based trucking company Celadon Group said fiscal first-quarter profit rose to $8.3 million due to higher freight
revenue and lower operating expenses.
MoreWisconsin firm consolidates into Plainfield, plans 50 new jobs
October 24, 2012
IBJ StaffRegal Beloit Corp. said it plans to move operations from multiple Midwestern warehouses into a new, 376,000-square-foot warehouse
in Browning Investments' and Duke Realty Corp.'s AllPoints Midwest industrial park.
MoreUPS Foundation providing $50,000 for technology program
October 20, 2012
IBJ StaffThe Hire Technology manufacturing-logistics curriculum was developed by Conexus in partnership with Ivy Tech Community College.
MoreAirport’s ground game fueling tensions
October 20, 2012
Chris O'MalleyThe Indianapolis Airport Authority’s aggressive effort to stop an Ohio firm from building a parking facility beyond
airport boundaries has neighbors worrying the municipality will unleash its lawyers on virtually any nearby business deemed
a threat to airport revenue.
MoreShortage of nonstop flights imperils convention biz
October 20, 2012
Anthony SchoettleIndianapolis’ dwindling number of nonstop flights—especially to the West Coast—threatens to stunt the city’s
convention business just as officials are marketing the expansion of the Indiana Convention Center and downtown’s hotel
market.
MoreAirport postal facility to keep on trucking
October 18, 2012
Chris O'MalleyThe Indianapolis Airport Authority board on Friday is expected to vote on a lease with Wilmington, Ohio-based LGSTX Distribution
Services to continue operations at the hub through at least November 2014.
MoreLocal leaders look to save Amtrak route in Indiana
October 15, 2012
Associated PressLocal government and business leaders are working to support continuing daily Amtrak passenger trains between Chicago and
Indianapolis that could end because of a federal and state funding dispute.
MoreState to beef up busy south-side interchange
October 15, 2012
IBJ StaffState highway officials are accepting public comments through Monday on the most recent design tweaks for a $45 million reconstruction
of the busy interchange at interstates 65 and 465 south of Indianapolis.
MoreIndiana Rail Road plans to speed up trains, and traffic, in Bloomington
October 13, 2012
IBJ StaffTrack and crossing upgrades will allow Hoosier transportation company to reduce wait times for cars.
MoreAirport development czar calls aggressive tactics key
October 13, 2012
Chris O'MalleyIndianapolis Airport Authority has lots of economic development opportunities, despite a difficult industry environment, insists
the airport's new senior director for commercial enterprise, Michael Huber.
MoreCeladon shares jump along with earnings expectations
October 8, 2012
Chris O'MalleyThe Indianapolis trucking company expects its quarterly earnings to beat analysts' consensus forecast and last year's
results, thanks to acquisitions and cost controls. Shares were up 9 percent at 1 p.m.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.