Transportation, Distribution & Logistics

Hurricane cancels dozens of flights in, out of Indy

October 29, 2012
 IBJ Staff and Associated Press
Major 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.
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Charter airline proposed by local entrepreneur on investment firm's radarRestricted Content

October 27, 2012
Chris O'Malley
Legacy Travel Club finds believer after months of fruitless fundraising locally.
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Republic Airways inks aircraft deal with Caesars

October 26, 2012
Associated Press
Republic 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.
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Celadon 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.
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Wisconsin firm consolidates into Plainfield, plans 50 new jobs

October 24, 2012
 IBJ Staff
Regal 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.
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UPS Foundation providing $50,000 for technology programRestricted Content

October 20, 2012
 IBJ Staff
The Hire Technology manufacturing-logistics curriculum was developed by Conexus in partnership with Ivy Tech Community College.
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Airport’s ground game fueling tensionsRestricted Content

October 20, 2012
Chris O'Malley
The 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.
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Shortage of nonstop flights imperils convention bizRestricted Content

October 20, 2012
Anthony Schoettle
Indianapolis’ 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.
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Airport postal facility to keep on trucking

October 18, 2012
Chris O'Malley
The 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.
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Local leaders look to save Amtrak route in Indiana

October 15, 2012
Associated Press
Local 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.
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State to beef up busy south-side interchange

October 15, 2012
 IBJ Staff
State 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.
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Indiana Rail Road plans to speed up trains, and traffic, in BloomingtonRestricted Content

October 13, 2012
 IBJ Staff
Track and crossing upgrades will allow Hoosier transportation company to reduce wait times for cars.
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Airport development czar calls aggressive tactics keyRestricted Content

October 13, 2012
Chris O'Malley
Indianapolis 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.
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Celadon shares jump along with earnings expectations

October 8, 2012
Chris O'Malley
The 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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BROWNE: Finishing touches just now coming to Georgia StreetRestricted Content

October 6, 2012
Bill Browne / Special to IBJ
Time didn't permit final upgrades before Super Bowl crowds descended on stretch.
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Operations start at Amazon's new Indiana warehouse

October 4, 2012
 IBJ Staff and Associated Press
Officials say Amazon.com Inc.'s new warehouse and distribution center in southern Indiana has started operations with more than 1,000 workers.
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Airport challenging judge’s decision on parking lot

October 2, 2012
Scott Olson
The Indianapolis Airport Authority is asking a judge to reconsider his decision that paves the way for a Cincinnati-based developer to build a 2,000-space parking lot near the airport.
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Rail line being revived between Indiana cities

October 2, 2012
Associated Press
The $5.5 million rail line project will return tracks between Kokomo and Tipton into service.
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Short-line railroad shakeup coming around the bendRestricted Content

September 29, 2012
Chris O'Malley
Four railroads in region being purchased by Connecticut-based operator as part of $2 billion deal.
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Indiana Rail Road revives downtown truck terminalRestricted Content

September 29, 2012
Chris O'Malley
The Indiana Rail Road Co. has reactivated a closed rail yard through a partnership with a Canadian logistics company, which serves about a dozen of INRD’s customers at the yard.
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Local pilot turns aerobatics into satisfying 'jobby'Restricted Content

September 29, 2012
Ellen Kobe
Billy Werth's passion for flying has landed him two jobs that pay the bills--as commercial pilot with Chautauqua Airlines and a major in the Air Force Reserves at Grissom Air Reserve Base in Peru. His third job is just for fun. Since 2006, Werth has owned an acrobatic flying company called Grayout Aerosports.
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Vincennes logistics program gets box of money from federal governmentRestricted Content

September 29, 2012
 IBJ Staff
$2.9 million grant will be used to bulk up logistics training and education center in Plainfield.
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Women's retailer plans $37M expansion, 242 jobs

September 27, 2012
New York-based Ascena Retail Group, whose female clothing brands include Justice, Lane Bryant, Maurices and Dressbarn, plans to transform its 794,000-square-foot warehouse in Greencastle into an e-commerce distribution hub.
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Paving signals progress as I-69 creeps north

September 25, 2012
Associated Press
Paving on both northbound and southbound lanes of Interstate 69 from Evansville to the U.S. 231 interchange in southern Greene County is nearly completed.
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Tutwiler auto dealership closes after 48 years

September 25, 2012
Scott Olson
Tutwiler Automotive had long been known as Tutwiler Cadillac before changing its name two years ago when its General Motors franchise agreement expired. The dealership closed Saturday.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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