Transportation, Distribution & Logistics

Kokomo airport runway extension almost completed

July 25, 2014
Associated Press
Pushing the pavement to 6,000 feet is intended to accomodate larger, corporate jets.
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Allison profit upshifts on North American demand

July 24, 2014
 IBJ Staff
In its second quarter, the Indianapolis-based manufacturer of transmissions and propulsion systems rode accelerating sales for rugged-duty, student transport, and hydraulic fracturing equipment.
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Steel demand feeds shipping boom in Indiana

July 23, 2014
Associated Press
The automotive industry is behind the increase, pushing steel ahead of longtime leaders iron ore and coal.
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Judge blocks ordinance aimed at I-69 work noise

July 21, 2014
Associated Press
Marion County Judge David Dreyer issued a temporary injunction Monday blocking a Monroe County ordinance that limited noise on the project between 10 p.m. and 6 a.m.
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Airport embarking on parking garage repairs

July 21, 2014
Kathleen McLaughlin
The Indianapolis International Airport has planned nearly $8 million in garage maintenance over the next two years. It's also looking into an alternative to its atrium canopy, which has collapsed twice in three years.
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Competition soars at Indianapolis-area airportsRestricted Content

July 19, 2014
Chris O'Malley
An airport near Zionsville is upping the ante for Indianapolis International Airport reliever fields.
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Want to lease a Lamborghini in Indy? Good luckRestricted Content

July 19, 2014
Sam Stall
There is little appetite for spending 'stupid money' in Indianapolis, or just about anywhere in the Midwest, for that matter.
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Suit tests INDOT policy of charging for highway repairsRestricted Content

July 19, 2014
Kathleen McLaughlin
A trucking company is challenging the Indiana Department of Transportation’s authority to sue for damage to state property, a lawsuit that could affect thousands of motorists and millions of dollars in revenue.
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State officials confident federal highway funds will come through

July 17, 2014
Emily Metheny, The Statehouse File
Indiana has not solidified contingency plans that would be needed if Congress fails to pass a deal to cover a shortfall in a federal highway fund.
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Indiana sues county over I-69 noise ordinance

July 15, 2014
Associated Press
The Indiana Department of Transportation is suing the commissioners of a southern Indiana county, saying they have no authority to limit construction of the Interstate 69 extension near Bloomington with an ordinance that restricts overnight noise.
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Indiana Rail Road to speed up trainsRestricted Content

July 12, 2014
The Indiana Rail Road Co. is investing about $1 million this year so trains can move faster and more quietly through the Indianapolis area.
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INDOT executive Woodruff gets OK to negotiate for job

July 10, 2014
Paige Clark, The Statehouse File
The chairman of the Indiana State Ethics Commission said conflict-of-interest questions could become more difficult if INDOT Chief of Staff Troy Woodruff actually takes a job with RQAW Consulting Engineers & Architects.
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Panel recommends highway projects, indexed gas tax

July 9, 2014
Seth Morin, The Statehouse File
The state should index its gas tax to increase with inflation, build a new bypass around Indianapolis, and consider user fees to supplement highway funding, a transportation panel said in its recommendations Wednesday.
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Jarden Corp. unit plans HQ in Fishers

July 9, 2014
Andrea Muirragui Davis
A subsidiary of the consumer products giant behind Ball jars, Yankee Candles, Crock-Pots and Coleman tents plans to spend nearly $22 million to open a regional headquarters and distribution center in Fishers that could employ nearly 300.
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INDOT staffer in ethics case seeks new work

July 7, 2014
Associated Press
A top Indiana transportation official who is under investigation for land sales that benefited his family is considering taking an executive job at an engineering firm that bids for state work.
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Tricky transition: Pillows balance family, business as son preps to take over

July 5, 2014
Dan Human
Even before taking over, Eddie Pillow is making changes at the logistics and courier company his dad started in 1988.
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Airport memorial planned for Col. Harvey “Weir” CookRestricted Content

July 5, 2014
An Indiana native, Cook was a decorated fighter pilot in World War I who settled in Indianapolis and was instrumental in creating the city’s first principal airport, Indianapolis Municipal Airport, opened in 1931.
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Book publisher plans 313 distribution jobs in Indiana

July 2, 2014
 IBJ Staff
Penguin Random House LLC, the world's largest consumer book publisher, plans to consolidate much of its U.S. distribution operations in Crawfordsville, the company announced Wednesday morning.
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INDOT chooses Chicago firm for Amtrak line

June 30, 2014
Kathleen McLaughlin
The Indiana Department of Transportation said Monday that it selected Corridor Capital LLC of Chicago to run the endangered Hoosier State passenger rail line from Indianapolis to Chicago.
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Leaders navigate politics of infrastructure repairs

June 28, 2014
Kathleen McLaughlin
Indianapolis doesn’t have a long-term street paving plan, and as political leaders look to spend at least $300 million more on infrastructure, the city appears more vulnerable than its peers to partisan bickering.
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New airport boss sees bright future amid big industry changesRestricted Content

June 28, 2014
Kathleen McLaughlin
Mario Rodriguez has taken the captain’s chair at Indianapolis International Airport, which has been recognized as the “best airport” in North America by its peers, but also carries a high debt load and has struggled to add nonstop airline service.
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Bikeshare program reports nearly 30,000 rides in 8 weeks

June 26, 2014
 IBJ Staff
The Indiana Pacers Bikeshare program has landed 1,026 annual members and sold 9,926 24-hour passes, resulting in 29,874 total trips, Indianapolis Cultural Trail Inc. said.
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Airport in talks with user for 149-acre site

June 26, 2014
Kathleen McLaughlin
A deal to lease most of the land has momentum, according to an Indianapolis International Airport official. The city had been eying the parcel for its criminal justice complex.
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Indiana gasoline prices ninth highest in nation

June 23, 2014
Seth Morin, The Statehouse File
While gas prices in Indiana have gone down slightly over the past week, they are still expected to remain high through the July 4 holiday, said Michael Green, Manager of Public Relations at the American Automobile Association.
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INDIANA 100: Indiana public companies turned in contrasting performancesRestricted Content

June 21, 2014
Kathleen McLaughlin, Chris O'Malley, Scott Olson, Anthony Schoettle
Profit shot up for some, while others fought setbacks.
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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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