Transportation, Distribution & Logistics

UPDATE: Amtrak angles to keep control of Hoosier State route

October 1, 2014
Kathleen McLaughlin
A little-used, delay-plagued passenger rail line from Indianapolis to Chicago has become a battleground, as Amtrak tries to fend off competition invited by the Indiana Department of Transportation.
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RV industry shipments on best pace since 2007

September 30, 2014
Associated Press
RV shipments for the first eight months of 2014 have reached about 246,000 units, a gain of 9 percent from 2013.
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High demand for road salt pushes costs up for state, city

September 29, 2014
 Associated Press and IBJ Staff
The Indianapolis Department of Public Works will pay 11.5 percent more for road salt this winter than it did a year ago. Salt prices on regional bids across the state are now an average of 57 percent higher than last year's prices, according to INDOT.
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Food distributor to open natural-gas fueling station

September 29, 2014
Kathleen McLaughlin
Indianapolis-based Delco Foods plans to break ground Wednesday on a new compressed natural gas fueling station at 8775 Zionsville Road to serve its own delivery fleet as well as the public.
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The Interview Issue: Jim Hallett

September 27, 2014
Norm Heikens
Hallett rocketed from a modest childhood to lead one of Indiana's largest companies.
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Few flights resume after Chicago fire throws air traffic for loop

September 26, 2014
Associated Press
A contract employee suspected of setting a fire at a suburban Chicago air traffic control center brought two of the nation's busiest airports to a halt for hours Friday, sending delays and cancellations rippling through the air-travel network from coast to coast.
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Ambrose plans $90M distribution development in Plainfield

September 26, 2014
Jeff Newman
Ambrose Property Group has acquired 85 acres near the Indianapolis International Airport where it plans to spend $80 million to $90 million to develop two distribution centers as large as 1 million square feet each.
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Trucking companies raise wages as driver shortage grows

September 25, 2014
Bloomberg News
Average driver wages may rise as much as 6 percent in 2014, said Kenny Vieth, president of Columbus, Indiana-based Americas Commercial Transportation Research Co.
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Indiana Toll Road operator set for short bankruptcy

September 23, 2014
Bloomberg News, Associated Press
The operator of the Indiana Toll Road, which paid $3.8 billion for a 75-year operating lease, won approval Tuesday of a schedule paving the way to exit bankruptcy court protection in just more than a month.
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Local money manager settles proxy fight, wins board seat

September 23, 2014
Greg Andrews
Carmel investment firm JWEST LLC ended up with one board seat, rather than the two it sought, but also got Rand Logistics to agree to a range of governance reforms.
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New Indiana Toll Road operator due amid bankruptcy

September 21, 2014
Associated Press
The debt-ridden private company running the Indiana Toll Road intends to transfer its operations to a new entity under a bankruptcy filing planned for Monday.
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New warehouses in Indianapolis area cater to consumers

September 20, 2014
Scott Olson
Several sprawling distribution centers have been built, or are under construction, to ship directly to consumers.
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Second solar farm slated for Indy airport

September 19, 2014
Mason King
Airport officials have agreed to lease about 76 acres of land at the airport to the same private developers who created the current, 44,000-panel field by the Interstate 70 exit.
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30 counties to be reimbursed for snow storm costs

September 18, 2014
Paige Clark, The Statehouse File
Currently, $1.13 million has been processed for reimbursement, and more federal money will be distributed as applications are processed.
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Anderson bridge replacement denied federal money

September 18, 2014
Associated Press
Local officials say they're moving ahead with plans to replace a main bridge over the White River into downtown Anderson despite the $15 million project being rejected for a federal grant.
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Indiana asks tollway firm to prove financial stability

September 17, 2014
Associated Press
The state agency that oversees the Indiana Toll Road has given the highway's debt-saddled private operator until late November to prove that it's meeting its debt obligations.
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FedEx to add 50,000 seasonal jobs as online demand rises

September 17, 2014
Associated Press
Rival UPS says it will hire up to 95,000 seasonal workers. Both companies are benefiting from growth in online shopping.
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Republic Airways makes $2.1B order for 50 jets

September 17, 2014
Bloomberg News
Indianapolis-based Republic will take 50 of Embraer’s current-version E175 aircraft and fly them for United Airlines under the United Express brand, the companies said Wednesday.
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Caterpillar chief: Indiana growing more competitive

September 16, 2014
Norm Heikens
CEO Doug Oberhelman said Tuesday that government overhauls and an aggressive economic development policy have made the state among the most attractive for investment.
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Local mayors tout plan for Red Line transit route

September 16, 2014
The mayors of Indianapolis, Carmel, Westfield and Greenwood on Tuesday announced a potential plan and a timetable for The Red Line, a proposed rapid-transit all-electric bus route that would stretch 28 miles from Hamilton County to Johnson County.
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UPDATE: Indiana rail upgrade decision expected this fall

September 16, 2014
Associated Press
The proposal from Louisville & Indiana Railroad and CSX Transportation would allow the line between Indianapolis and Louisville to handle larger and faster trains.
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Renault teams with Bollore to promote electric cars

September 9, 2014
Bloomberg News
Renault SA is teaming up with French billionaire Vincent Bollore to make electric cars as the two struggle to establish a market for the emission-free vehicles, including one in Indianapolis.
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Court order keeps suspension of vanity plate sales

September 8, 2014
Associated Press
The Indiana Supreme Court says the Bureau of Motor Vehicles can continue suspending sales of vanity plates until a court case is settled.
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Beer distributor Monarch stepping up booze push

September 6, 2014
Kathleen McLaughlin
In a campaign to enter the hard liquor business, Monarch Beverage Co. is pursuing a new tactic that takes aim at state regulators. Indiana’s largest beer distributor has accused the Alcohol and Tobacco Commission of letting politics influence its decisions.
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Ohio/Indiana center forms partnership on drones

September 3, 2014
 Associated Press and IBJ Staff
A joint venture between Ohio and Indiana aimed at advancing drone operations for businesses and government has formalized its partnership with a southwestern Ohio city and airport.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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