Japanese firm buying Indy-based logistics company for $260M
Toyota Industries Corp. is getting into the logistics business, and it’s buying Indianapolis-based Bastian Solutions LLC to get a jumpstart in the sector.
Susan Orr
Articles
Indy-based auto auction firm acquired by Dallas company
Currently operating in eight states, the firm was founded in 2000 by three executives who had previously worked at another local auto auctioneer, Carmel-based ADESA.
Indy airport to spend up to $10M on parking garage rehab
Exposure to the elements has corroded components in the garage’s elevators, escalators and moving walkways.
Debt-collection executive Wolfe to plead guilty to fraud charges
Todd Wolfe’s Deca Financial Services LLC was forced into bankruptcy in 2014, and he was indicted on federal fraud charges the following year.
Union plans rally to spotlight Rexnord job losses
With the shutdown of Rexnord Corp.’s local bearings plant just months away, union officials are planning a rally next week to highlight the workers’ plight. Meanwhile, employees have received approval for federal job relocation aid.
Passenger counts are on the rise at Indianapolis airport
Indianapolis International Airport’s passenger traffic took flight last year, nearly reaching an all-time record and outpacing industry averages.
WISH-TV hires new general manager in midst of tight news environment
Randy Ingram arrives at a significant juncture for WISH, which lost its national network affiliation with CBS two years ago and recently lost several on-air news personalities.
Airport looks to add more local flavor to concessions
Indianapolis International Airport wants to bring in more local vendors as contracts with some current concessionaires expire, and add other features to better reflect the character of the city.
Rolls-Royce to open downtown aviation museum
The exhibition featuring aircraft engines dating back to the 1920s emphasizes the manufacturer’s past while also looking ahead.
Gas prices heading up after lengthy reprieve, forecasts say
The 2017 increase likely won't be large. But a range of local companies, from logistics providers to auto auctioneers, will be keeping an eye on the situation.
Celadon planning to add 375 jobs as part of expansion
The Indianapolis-based trucking and logistics company, which is building a $28 million corporate campus in Hancock County, has been approved for almost $3 million in state economic incentives.
Talbots to close its Circle Centre store in latest clothier exit
The purveyor of classic women’s styles isn’t the only fashion retailer planning to close its location in the downtown mall in the next week.
Chicago-area developer jumps into Indianapolis market
Molto Properties has purchased 47 acres in the AmeriPlex business park and plans to construct a 620,000-square-foot industrial building before landing a tenant.
New commerce chief Schellinger could make up to $300,000
A revamped Indiana Economic Development Corp. pay structure awards its executives incentive pay if they meet certain performance metrics.
Council set to begin debate on proposed transit tax
The proposal begins its journey through the governmental process this week, and Indianapolis City-County Council is set to vote on the matter Feb. 27.
Hustler Hollywood sues city over zoning roadblocks
Beverly Hills-based Hustler Hollywood says city officials are incorrectly classifying its planned Castleton store as an adult business, which is preventing it from opening its doors. It filed suit over the denial on Thursday.
Schellinger’s new role will have international focus
Jim Schellinger, the incoming secretary of commerce, previously was president of the Indiana Economic Development Corp., a role that included frequent travel to communities across the state. In his new post, he'll be courting companies across the globe.
Cummins unveils downtown Indy office complex, recruiting tool
The Columbus-based engine maker says having an expanded presence in Indianapolis through its $30 million-plus global distribution headquarters should help the company recruit talent that prefers urban life.
Former ITT students seek creditor status in school’s bankruptcy case
Five former ITT Educational students filed a motion asking that they—and thousands of other students who attended the school between 2006 and 2016—be recognized as creditors as the school’s bankruptcy case moves forward.
Output jumps as Subaru of Indiana hustles to meet demand
The Japan-based automaker is in the midst of a U.S. sales boom—and the company’s Lafayette auto plant is racing to keep up.