Transportation, Distribution & Logistics

Indianapolis Airport Authority credit rating holds steady even as revenue falls

December 19, 2009
 IBJ Staff
Indianapolis has fared better than some airports in terms of declining revenue, with passengers down about 10 percent for much of the year and revenue off 16 percent at one point.
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Indy Power Systems technology cited by Discovery magazine

December 19, 2009
 IBJ Staff
Founder Steve Tolen started out to make an electric car and wound up with a device to blend and regulate power among different types of electric batteries.
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UPDATE: Airport OKs $325,000 in 'betterment' projects

December 18, 2009
Chris O'Malley
Indianapolis' new $1.1 billion airport terminal faces at least two nagging functionality issues: inadequate protection during inclement weather at the second-level passenger drop-off platform and sunlight that floods the ticket lobby, making computer screens hard to read.
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Brightpoint pays $31M for distribution facility

December 17, 2009
Cory Schouten
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility in Plainfield.
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Plainfield's MD Logistics sued by Bristol-Myers over lost insulinRestricted Content

December 12, 2009
Chris O'Malley
Two semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn't named in the lawsuit. Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
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INDOT using federal funds to improve transportation options near schools

December 12, 2009
 IBJ Staff
The Safe Routes to School program “aims to influence a new generation of healthy, sustainable travel behavior,” says INDOT.
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UPDATE: KAR Auction IPO raises less than hoped

December 10, 2009
Associated Press
The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.
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Republic Airways bringing 300 jobs to city

December 8, 2009
Chris O'Malley, Scott Olson
Republic Airways Holdings Inc. said Tuesday afternoon it will create as many as 300 jobs in Indianapolis next year by bringing Frontier Airlines’ Operation Control Center to the city.
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Builder looks to cold storage for steady work in a weak economyRestricted Content

December 5, 2009
Brock Benefiel
Cold storage might become a hot business for a building contractor.
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Airport adds events to draw more people, revenue for vendors

December 5, 2009
 IBJ Staff
One of the first things new airport CEO John Clark said he wanted to do was to squeeze more use—and revenue—out of the new airport terminal’s Civic Plaza space.
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Traffic technology handy after propane tanker explosion

November 28, 2009
Chris O'Malley
A complex system of signs along Indianapolis' interstate highway system was pressed into action after a propane tanker exploded in October near I-465 and I-69.
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Alcohol distributor fights decision allowing big competitor into Indiana

November 28, 2009
J.K. Wall
National Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission ruled Nov. 5 that Southern Wine & Spirits of America Inc. could distribute here.
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Airport plans holiday events to lure traffic to Civic Plaza

November 27, 2009
Associated Press
Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search for ways to boost revenue.
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Debt-shedding efforts start to pay off for BrightpointRestricted Content

November 21, 2009
Greg Andrews
The wireless phone wholesaler had survived two prior recessions and recognized the spoils in tough times go to companies with the strongest balance sheets.
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Airport retailers want relief from street pricing policy

November 21, 2009
Chris O'Malley
Airport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside the airport.
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Computer woes slow air traffic across the nation

November 19, 2009
Associated Press
The Federal Aviation Administration said the problem was fixed about 10 a.m. Thursday, but it was unclear how long flights would continue to be delayed. Dozens of flights to Indianapolis International Airport have been affected.
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Indy route not part of high-speed rail funding applicationRestricted Content

November 14, 2009
Chris O'Malley
The decision to sidetrack a 110-mph Chicago-Indianapolis-Cincinnati train hasn’t received any attention locally. High-speed rail could someday become an economic development engine here, but it has not gained as much attention here as improved highways or a commuter rail line from downtown to Noblesville.
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Republic Airways adding 800 workers in Milwaukee

November 10, 2009
Chris O'Malley
Locally based Republic Airways Holdings Inc. on Tuesday afternoon said it still might bring jobs to Indianapolis as part of the digestion of its newly acquired Frontier Airlines and Midwest Airlines subsidiaries. But it looks like Milwaukee has wound up as the biggest beneficiary.
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Adesa parent turns profit on lower revenue

November 10, 2009
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased slightly.
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New design of bridge girder is huge, strongRestricted Content

November 7, 2009
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Suburban counties building outer loop to avoid Indianapolis

November 7, 2009
Chris O'Malley
Counties wanting to speed traffic among suburbs are building highways to avoid having to travel into Indianapolis. The result, a 100-mile outer loop beyond Interstate 465, won't be completed for years, and it won't be built to consistent standards, but it might help ease congestion.
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Greenwood seeks $75M in stimulus funds to speed road plans, lure interchangeRestricted Content

October 31, 2009
Kathleen McLaughlin
The Johnson County community hopes an economic stimulus grant for transportation will hasten its plans to build an east-west thoroughfare and set the stage for a new Interstate 65 interchange.
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Study recommends upgrades for public transportation in counties surrounding IndianapolisRestricted Content

October 31, 2009
Chris O'Malley
IndyGo, for all its faults, is the Cadillac of transit systems in the Indianapolis region. Service breaks at county lines and the absence of passenger shelters are among the deficiencies facing transit systems in surrounding counties.
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Celadon profit, revenue slides; shares to be listed on NYSE

October 28, 2009
 IBJ Staff
Indianapolis-based trucking company Celadon Group Inc. on Wednesday reported lower revenue and profit during its most recent fiscal quarter, and also announced plans to list its shares on the New York Stock Exchange instead of the NASDAQ starting Nov. 10.
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I-465 bridge in Indianapolis reopens after blast

October 25, 2009
Associated Press
The left eastbound lane over the eastbound bridge and the Interstate 69 southbound ramp to I-465 southbound will remain closed through midweek as crews continue repair work.
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