Transportation

Former business owner Hockett sentenced for bank fraud

August 31, 2009
Scott Olson
A federal judge this morning sentenced a former Indianapolis business owner to 18 months in prison after he pleaded guilty to bank fraud in May.
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Delaware County latest to join public-transportation group

August 31, 2009
 IBJ Staff
Delaware County has become the 10th county to join the Central Indiana Regional Transportation Authority, the quasi-governmental organization announced today.
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HICKS: Clunkers popularity went beyond consumers

August 29, 2009
Mike Hicks
The Cash for Clunkers program has seriously challenged my high-mindedness. It is time for a bit of soul searching.
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Airport axes five directors in cost-cutting move

August 21, 2009
Scott Olson
Five executives are among seven employees let go by the Indianapolis Airport Authority as part of its efforts to cut expenses amid declining airport revenue.
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Airport taxi times improve

August 17, 2009
 IBJ Staff
Passengers at Indianapolis International Airport are spending less time on the ground since the opening of the new midfield terminal.
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Q&A with Indianapolis Airport Authority CEO John ClarkRestricted Content

August 17, 2009
Chris O'Malley
Clark talks to IBJ about how the airport can increase revenue by diversifying its sources of income. The airport can't rely on higher passenger counts to boost its bottom line.
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IndyGo adding hybrids to supervisory fleet

August 14, 2009
 IBJ Staff
IndyGo plans to buy six new hybrid vehicles for its transportation supervisors.

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Denver group trying to lure Republic Airways HQ

August 13, 2009
 IBJ Staff
Indianapolis-based Republic Airways Holdings Inc. and Southwest Airlines Co. will battle it out in a bankruptcy court auction today for the rights to acquire Denver-based Frontier Airlines Holdings Inc.
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Southwest bid for Frontier could be in trouble

August 13, 2009
Scott Olson
Southwest Airlines Co.'s bid for Denver-based Frontier Airlines Holdings Inc. may have hit turbulence, according to the Dallas Morning News.
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Celadon manages profit amid tough conditions

August 11, 2009
 IBJ Staff
Indianapolis-based Celadon Inc. said yesterday that it eked out a small profit in its fiscal fourth quarter, as the struggling economy continues to batter the trucking industry.
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Southwest bids $170M for Frontier Airlines

August 10, 2009
 IBJ Staff and Associated Press
Southwest Airlines Co. said today it's bidding $170 million to buy Frontier Airlines Holdings Inc. out of bankruptcy protection, surpassing an earlier bid of $108.8 million by Indianapolis-based Republic Airways Holdings Inc.
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Republic, Southwest duel for Frontier

August 10, 2009
 IBJ Staff and Associated Press
Republic Airways Holdings Inc. is nearing judgment day in its battle with Southwest Airlines Co. for ownership of Frontier Airlines Holdings Inc.
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Accuride warns of bankruptcy, reports loss

August 6, 2009
Scott Olson
Evansville-based truck parts maker Accuride Corp., one of the state's largest companies, warned today in its quarterly financial report that the company might seek bankruptcy protection if lenders refuse to restructure its debt.
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East-side shuttle service makes debut

August 4, 2009
A new public shuttle service got rolling this morning on the near-east side of Indianapolis.Known as the Near Eastside Orbiter, the 24-passenger shuttle is provided by the John H. Boner Community Center at 2236 E. 10th St. and completes a 15-mile circular route in about an hour.
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Toll-road lease tumbles in valueRestricted Content

August 3, 2009
Peter Schnitzler
Gov. Mitch Daniels expected his unprecedented $3.8 billion Indiana Toll Road lease to last 75 years. It may be tested after just three.
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Republic Airways closes purchase of Midwest

August 2, 2009
Republic Airways Holdings says it has completed its acquisition of privately held Midwest Airlines for $31 million in cash and debt.
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Carbon Motors chooses Connersville

July 29, 2009
 IBJ Staff
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
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INDOT hires executive to manage Interstate 69 extensionRestricted Content

July 27, 2009
 IBJ Staff
Cost management was the operative phrase in the introduction this month of a highway executive to manage the Interstate 69 extension to Evansville.
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Construction jobs trickling in from road stimulusRestricted Content

July 13, 2009
Chris O'Malley
Federal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million, according to state records of 42 projects under way in which contractors have reported job data. The work, ranging from paving to replacing bridge decks, had a total contract value of $39.2 million.

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Natural-gas car proposal could boost Greensburg Honda plant

July 9, 2009
 IBJ Staff and Associated Press
Hoping to spur alternative vehicles, lawmakers want to double the size of tax breaks on cars that run on natural gas. That could be good news for Indiana, where Honda Motor Corp. produces the natural-gas-powered Civic GX in Greensburg.
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For sale: Pieces of old Indianapolis airportRestricted Content

July 6, 2009
 IBJ Staff
Commercial Liquidators of America has landed the job of auctioning off furnishings and equipment from the old airport terminal at Indianapolis International Airport.
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Republic growth strategy fraught with riskRestricted Content

June 29, 2009
Chris O'Malley
By purchasing two struggling airlines for which it flies, Republic Airways Holdings is taking aboard substantial risks that threaten its profitable niche, analysts say. Frontier Airlines and Midwest Airlines are not only leaking money, but fly at an altitude where major carriers routinely dogfight in a fare war Republic hasn't had to fight as a contract carrier.
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EnerDel poised to get jolt of stimulus juiceRestricted Content

June 22, 2009
Greg Andrews
Within weeks, EnerDel expects to receive notification that it's getting as much as $480 million in financing under a U.S. Department of Energy program aimed at fostering advanced vehicle manufacturing.
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Expanded FedEx cargo hub not meeting expectationsRestricted Content

June 15, 2009
Chris O'Malley
Indianapolis International Airport, already suffering from a 10-percent drop in passenger traffic and a projected $15 million revenue shortfall this year, is also feeling financial drag from its single most important tenant. FedEx Express cargo shipments, which amount to about half of the $25 million in airfield fees generated at the airport, fell 16 percent in the first three months of this year vs. the same period last year.
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Transit can be economic engineRestricted Content

June 1, 2009
We applaud the efforts of those who are laying the groundwork for viable mass transit in the Indianapolis area.
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