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Transportation, Distribution & Logistics
Short session long on action: Led by Major Moves, telecom successes, biz interests fared well in 2006 General Assembly
March 20, 2006
In less than three months, the Indiana General Assembly approved a pair of blockbuster economic-development measures designed
to dramatically upgrade the state's infrastructure. With the passage of Gov. Mitch Daniels' Major Moves initiative, Indiana
will lease the Indiana Toll Road to an Australian-Spanish consortium for 75 years. It will use the upfront, $3.9 billion payment
to build roads. Meanwhile, the approval of telecom deregulation sets the stage for more local phone, cable and Internet competition.
Daniels, a Republican, argued that...
MoreSTATEHOUSE DISPATCH: Low poll numbers don't seem to slow Daniels' agenda
March 20, 2006
Ed FeigenbaumFor a guy whose approval level is about as low as-well-the president's, and who was pushing a program about as popular as
turning over supervision of vital national assets to a foreign entity (see the parallels yet?), Gov. Mitch Daniels sure enjoyed
some major success this legislative session. He just signed a wide-ranging telecommunications deregulation measure he had
strongly advocated, placing Indiana at the cusp of reform in the field, after several years of the Legislature's refusing
to move off...
MoreTime switch creating computer nightmare: Technology experts predict change to daylight-saving could be Y2K all over again
March 13, 2006
Chris O\'malleyIf you have an important meeting starting April 2, beware of relying on your computer for a reminder-there's a fair chance
you'll be late. The state's first-ever switch to daylight-saving time will leave thousands of computers confused about what
time it is, and their users not much better off. PC clocks have to be adjusted just like the cuckoo over the mantle, but if
you forget to switch the timezone setting from "Indiana (East)" to "Eastern Time"-or neglect to check...
MoreYou can take it to the bank: Financial experts say state's economy is rising, merger mania isn't over and regulatory laws
could take a toll
March 13, 2006
On Feb. 24, IBJ Publisher Chris Katterjohn, Managing Editor Greg Andrews and banking reporter Matt Kish sat down with four
leaders from Indianapolis' banking and finance sector: Judith Ripley, director of the Indiana Department of Financial Institutions;
Kit Stolen, CEO of Union Federal Bank of Indianapolis; Steve Beck, president and CEO of the Indiana Venture Center; and Keith
Slifer, senior vice president of LaSalle Bank. Among the topics of conversation: How's the state's economy doing? Are more
bank mergers on...
MoreBEHIND THE NEWS Auditor jabs Obsidian as it prepares to go private:
March 13, 2006
Greg AndrewsIf all goes as planned, a Tim Durham-led investment group will take publicly traded Obsidian Enterprises Inc. private by the
end of the month. The Indianapolis company's five-year run on Wall Street has been inglorious by any measure. Stock in the
transportation and manufacturing firm has tumbled, from a split-adjusted $12 in 2001 to $1.80 today. Over the last three years,
Obsidian has posted a combined $22 million in losses. As if that weren't enough, now the company's former outside...
MoreCHRIS KATTERJOHN Commentary: Partisanship: The nemesis of progress
March 6, 2006
Like Mayor Bart Peterson's Indianapolis Works legislation last year, Gov. Mitch Daniels' Major Moves bill has become the political
football of this legislative season. The rhetoric and posturing associated with the highway funding bill has been as partisan
and irrational as it comes. It's as if the Democrats who oppose Major Moves are trying to compensate for their party's inability
to produce a solution to our state's highways needs during the previous 16 years of Democratic leadership under governors
Bayh,...
MoreLimo company races into Indy: Most revenue to come from sponsorships, not passenger fares
March 6, 2006
Anthony SchoettleCentral Indiana's newest limousine company plans to make only 10 percent of its revenue from passenger fees. Indy Racing Limos'
three principals expect to generate 85 percent from sponsors and the other 5 percent from use of their unique racer-like cars
in corporate displays and business promotions. The company is the first limo firm in Indiana attempting to generate the bulk
of its revenue from corporate sponsors plastering their names and logos on vehicles. Even so, founders Roy K. Ward,...
MoreSTATEHOUSE DISPATCH: Senate doesn't hesitate to check House, governor
February 27, 2006
Ed FeigenbaumWhy do we have a bicameral legislature, with four-year terms for senators and two-year terms for House members? Because, as
George Washington reputedly told Thomas Jefferson, the framers created the Senate to "cool" House legislation, just as a saucer
was used to cool hot tea. We've just seen evidence of this, and also of another important phenomenon, one that reminds us
of just how separate our branches of government truly are. We recently mentioned how the "adults" in the Senate...
MoreBULLS & BEARS: Indiana's in biofuel game; now it should strive to win
February 27, 2006
Ken SkarbeckOver the past few months, Indiana Sen. Richard Lugar has been vocal in touting the benefits of renewable fuels such as ethanol
and biodiesel. It would be wise for the state's government and business leaders to heed his message. The renewable fuel industry
is gathering momentum and has a high probability of growing into a substantial industry. The energy bill President Bush signed
into law last summer mandates the use of 7.5 billion gallons of ethanol each year by 2012,...
MoreEmerging India: Passage to Bangalore: Hoosiers seek outsourcing and investment opportunities
February 20, 2006
Peter SchnitzlerPassage to Bangalore Hoosiers seek outsourcing and investment opportunities BANGALORE, India-The deal was falling apart. Despite
a week of flirtation and friendly negotiations, the two young Indian entrepreneurs rejected the offer from the group of Hoosier
investors. Frustrated, the investors walked out of the hotel conference room. The chance to speculate on an Indian software
startup called Picsquare.comhad fizzled. But none of the six Indiana business leaders was demoralized. After all, they'd crossed
the globe to pursue business opportunities in...
MoreDuke's Earth Services Inc.: Environmental services firm cleaning up on spills Haz-mat niche paying off; business expected
to double
February 20, 2006
Ed CallahanWhen a truck carrying a load of frozen chicken crashed on Interstate 74 near Batesville last month-mixing the meat with less-than-appetizing
ingredients like diesel fuel and coolant-Duke's Earth Services was high on the invite list for the impromptu barbecue. The
Mooresville-based environmental services company specializes in such unpleasant jobs: cleaning hazardous materials spills,
removing underground storage tanks, and checking construction sites for contaminated soil. And business is good. Duke's posted
revenue of $3.5 million in 2005, and leaders expect to...
MoreDevelopment plans percolating in five urban corridors: East 10th Street, Fountain Square lead FOCUS pack
February 20, 2006
Tammy LieberDataSmith Technologies owner James Smith started looking almost two years ago for a building to house his business, his home
and possibly a revenue-generating tenant. What he ended up with was a dilapidated former bar on a struggling section of East
10th Street that had become a haven for vagrants. Smith took a chance on the building at 2032 E. 10th St., most recently home
to Mustang Sally's tavern, largely because of the involvement of the East 10th Street Civic...
MoreIndustrial park land sends towns into annexation battle: Avon, Plainfield both want 882-acre distribution site
February 20, 2006
Scott OlsonA valuable piece of Hendricks County property slated for a mammoth warehouse and industrial park is pitting the neighboring
towns of Avon and Plainfield against each other. The two municipalities once were cooperating to annex the 882 acres together
and share the tax dollars generated by the $700 million investment that could attract 6,000 jobs. They stopped negotiating
last fall and now are employing separate tactics to claim the unincorporated land. Locally based Browning Investments Inc.
wants to build CentraLogistics...
MoreCity's cultural districts take artful approach: Five areas use $250,000 in grants on original public art projects
February 13, 2006
Matthew KishTwo wall-size murals now welcome people to Massachusetts Avenue. An abstract sculpture that looks like an Alexander Calder
tribute sits on a bridge in the Canal District. A towering blue and green obelisk marks the north end of Broad Ripple on College
Avenue. The works aren't part of an elaborate conspiracy by a renegade public artist. They're the result of two years of careful
planning by the city's Cultural Development Commission. In 2003, the commission designated five areas of the...
MoreSTATEHOUSE DISPATCH: Major Moves displays short-session political mastery
February 6, 2006
Ed FeigenbaumA combination of arm-twisting, dealmaking and the sheer brute force of the Office of the Governor came together the last week
of January in a way Hoosiers seldom see. All the pressure was enough to keep Republican House members in line at just the
right time in the legislative process to keep the governor's Major Moves transportation plan moving. There was a lot of deep
exhaling at week's end, some from those in the Governor's Office doing the heavy lifting...
MoreIPOs take minor dip in 2005: Analysts stay optimistic; 3 Indiana companies set to go public in early '06
January 30, 2006
Scott OlsonThree Indiana companies took the plunge to go public last year, two less than the number that did so in 2004. The state's
slight dip in initial public offerings mirrors the slump in activity nationally. But Indiana appears to be off to a fast start
for 2006. Three other Hoosier companies filed to go public late last year, but had yet to complete their IPOs by year's end.
Overall, the number of companies that went public on the major U.S....
MoreLanding ad revenue: Airport charged up over sponsorship of electrical outlets
January 30, 2006
Chris O\'malleyAdvertisements for mutual funds, watches and kolaches. Now as you wait at the gate for your flight, you'll even see ads on
electrical outlets. The Indianapolis Airport Authority on Jan. 20 was expected to approve a $65,000 marketing partnership
with Chase in what is the latest and certainly the most electrifying of all advertising schemes at Indianapolis International
Airport. These are desperate times for marketers. Too many ads are getting lost in the shuffle. And barraged consumers have
figured out...
MoreEYE ON THE PIE: Let's revisit the State of the State
January 30, 2006
Morton MarcusQuite appropriately, Gov. Mitch Daniels did not make any claims about "a revitalized Indiana economy" in his recent State
of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any
victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the
past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only...
MoreEYE ON THE PIE: Let's revisit the State of the State
January 23, 2006
Morton MarcusQuite appropriately, Gov. Mitch Daniels did not make any claims about "a revitalized Indiana economy" in his recent State
of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any
victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the
past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only...
MoreIPOs take minor dip in 2005: Analysts stay optimistic; 3 Indiana companies set to go public in early '06
January 23, 2006
Scott OlsonThree Indiana companies took the plunge to go public last year, two less than the number that did so in 2004. The state's
slight dip in initial public offerings mirrors the slump in activity nationally. But Indiana appears to be off to a fast start
for 2006. Three other Hoosier companies filed to go public late last year, but had yet to complete their IPOs by year's end.
Overall, the number of companies that went public on the major U.S....
MoreLanding ad revenue: Airport charged up over sponsorship of electrical outlets
January 23, 2006
Chris O\'malleyAdvertisements for mutual funds, watches and kolaches. Now as you wait at the gate for your flight, you'll even see ads on
electrical outlets. The Indianapolis Airport Authority on Jan. 20 was expected to approve a $65,000 marketing partnership
with Chase in what is the latest and certainly the most electrifying of all advertising schemes at Indianapolis International
Airport. These are desperate times for marketers. Too many ads are getting lost in the shuffle. And barraged consumers have
figured out...
MoreCeladon says inland port would be economic boon to state: Putting customs clearing here would speed crossings
January 16, 2006
Chris O\'malleyCeladon Trucking plans by the end of April to install global positioning satellite devices on 1,350 of its trailers, an application
of technology that could pave the way for an inland cargo port in central Indiana. Tom Glaser, president of one of the largest
trucking lines hauling goods between the United States, Mexico and Canada, plans to urge state economic development officials
to build a multimodal port in Indiana that would include Mexican and Canadian customs-clearing facilities. Officials would
inspect,...
MoreECONOMIC ANALYSIS: The new economic reality: It's all about the work force
January 16, 2006
Patrick BarkeySince these words usually find their way out onto the Internet, I thought I'd work in the following phrase to get the hit
counters for the new year off to a good start: Evolution vs. intelligent design. Ah, that should do it. I can hear the sounds
of computer mouse clicks already. And, believe it or not, there's an economic angle to that debate. Not literally, of course.
Economics is pretty important, but I will concede that the creation of...
MoreSTATEHOUSE DISPATCH: Daniels may not wield as much influence this session
January 16, 2006
Ed FeigenbaumWe've only made it through the first few days of activity, but already we can get a feel for what this session of the Indiana
General Assembly will focus on. Republican Gov. Mitch Daniels made it clear in his Jan. 11 State of the State Address that
he believes lawmakers should devote the bulk of their attention to a legislative agenda revolving around highway construction,
education, and local government reform and flexibility. House Republicans last week unveiled a broad series...
MoreEYE ON THE PIE: Making money by neutering history
January 9, 2006
Morton MarcusI drove north last week from the Caesar's gambling facility in Harrison County. Instead of taking the usual roads, I twisted
up the cliffside overlooking the Ohio River via Doolittle Road. Then I went through New Middleton to Corydon before I joined
the state highway system. It was a delightful drive that I never would have known about from anything on the state's tourism
Web site. Yes, I can hear the usual lament: "Wait, we're working on improving our materials....
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.