Transportation, Distribution & Logistics

Indiana continues talks about Amtrak route's future

September 11, 2013
Associated Press
State transportation officials faced with a looming deadline on the future of an Amtrak passenger line between Indianapolis and Chicago met Wednesday with lawmakers, mayors and other local officials to discuss their options.
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Legislators collide over regional mass-transit plan

September 10, 2013
Kathleen McLaughlin
During a committee meeting Tuesday, Sen. Brent Waltz and Rep. Ed DeLaney crossed swords on a proposal that included widening roads and reforming the IndyGo bus service.
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Opening set for new West Lafayette bypass

September 9, 2013
Associated Press
The four-lane roadway cost $45 million and follows a 5.3-mile route around the south and west sides of the city.
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Indianapolis suburbs connecting the dots with trailsRestricted Content

September 7, 2013
Andrea Muirragui Davis
About 500 miles of trails already cut through Hamilton and Boone counties—including 125-plus miles in Carmel—and countless more are on the drawing board as suburban leaders strive to appeal to residents who want connected, walkable communities.
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IndyGo to use $10M grant for all-electric buses

September 6, 2013
Kathleen McLaughlin
IndyGo will use a $10 million federal grant to convert 22 city buses to all-electric power. Each bus will cost about $550,000 to convert and will have a range of about 100 miles.
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State, United confirm direct flights to San Francisco

September 4, 2013
Gov. Mike Pence and executives from United Airlines on Wednesday formally announced that Indianapolis will receive nonstop daily service to San Francisco starting in January. IBJ first reported plans for the service last week.
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Indianapolis airport set to open new service plaza

September 4, 2013
Associated Press
Airport officials announced Wednesday that the convenience store and 24-pump gas station are scheduled to open in mid-September, followed by two fast-food restaurants opening later this year.
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Commuters cope with downtown Indy highway project

September 3, 2013
Associated Press
Officials say they didn't see problems any worse than anticipated Tuesday morning when commuters dealt with the closure of a key section of Interstates 65 and 70. But the afternoon could be a different story.
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East Chicago, Gary push competing port proposals

August 28, 2013
Associated Press
Two northwestern Indiana cities are proposing plans for developing a new $400 million port that would become Indiana's second shipping port on Lake Michigan.
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United plans direct flights between San Francisco, Indianapolis

August 28, 2013
Mason King
The daily flights, which are expected to begin on Jan. 7, will fulfill a longtime wish of local tech firms eager for more direct access to the West Coast and Silicon Valley.
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Denver firm snaps up Greenwood property for $15.7 million

August 27, 2013
The acquisition of the 450,000-square-foot distribution center is another sign of the improved health of the Indianapolis area's industrial market.
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Special Report: City's building spree leaves trail of spoilsRestricted Content

August 24, 2013
Kathleen McLaughlin
Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms' largest business opportunity with the city in more than a decade.
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Airport authority sues insurance carrier for $9.2M

August 23, 2013
Scott Olson
The Indianapolis Airport Authority claims Travelers Property Casualty Co. of America failed to pay it all the money it is owed following a steel-beam collapse during construction of the midfield terminal.
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Next I-69 section to cost less than expected

August 20, 2013
Associated Press
State officials say revised plans for a section mean fewer homes and businesses would be torn down. And the cost is at least $100 million less than an estimate released last year.
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Amtrak service, local maintenance facility in danger

August 19, 2013
Kathleen McLaughlin
Indianapolis will lose regular passenger rail service to Chicago and possibly a major employment center if the state declines to take over a federal subsidy for Amtrak after Oct. 1.
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Video game distributor plans local warehouse, 40 jobs

August 19, 2013
Solutions 2 Go LLC, a California-based distributor of specialized video game products, said that it will invest $3.3 million to open a facility in Indianapolis, creating the jobs by 2016.
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Fastenal sponsorship deal draws NASCAR contractsRestricted Content

August 17, 2013
Anthony Schoettle
Vending machines aren’t the only reason the Fastenal brand is resonating.
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Fastenal vending machines serve up a revolutionRestricted Content

August 17, 2013
Vending machines, warehouses bristling with technology slash costs.
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Fate uncertain for current U.S. 31 through Kokomo

August 12, 2013
Associated Press
The stoplight-plagued U.S. 31 through Kokomo will soon be supplanted by a new bypass nearing completion around the city.
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U.S. 31 upgrade might begin in fall, INDOT says

August 8, 2013
Associated Press
INDOT said Wednesday it has awarded a $141 million contract for upgrades between 96th and 136th streets in Carmel to a joint venture between E&B Paving Inc. of Anderson and Gradex Inc. of Indianapolis.
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Four teams bidding for I-69 financing, construction

August 7, 2013
 IBJ Staff and Associated Press
The state hopes to start converting the 21-mile stretch of interstate early next year. The project is estimated to cost $394 million.
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Vera Bradley to invest $26M in expansion, add 128 jobs

August 3, 2013
Associated Press
Handbag and luggage maker Vera Bradley Inc. plans to bolster its design and distribution centers near Fort Wayne.
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Celadon to pay $18.5M settlement over fatal crash

August 2, 2013
Jeff Newman
The Indianapolis-based trucking firm has agreed to pay $18.5 million to the families of two men who died in a multiple-vehicle accident involving a Celadon truck driver in northwest Indiana in February 2011.
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Frontier may become ultralow-fare carrier after acquisition

August 1, 2013
Bloomberg News
Frontier Airlines, the Denver-based airline owned by Indianapolis-based Republic Airways Holdings, may soon become a legitimate down-market competitor.
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Private equity group may bid on Republic subsidiary

August 1, 2013
Bloomberg News
Spirit Airlines Inc.’s largest investor, private-equity firm Indigo Partners LLC, is preparing to sell its stake in the discount carrier in what could be preparation to make a bid for Frontier Airlines, a Cowen & Co. analyst said Wednesday.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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