Speedway hosts meetings about potential for electric car racing series
The three-day conference looked at such things as design plans and technical infrastructure for electric racing vehicles, and preliminary business plans for such a series.
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Celadon snub obscures other purchases
Celadon Group has swallowed, whole or in part, nine trucking firms in as many years. But the acquisition momentum lurched to a halt late this month like a semi stopped by a runaway-truck ramp when it was rebuffed by Arkansas-based USA Truck. Since then, Celadon hasn’t signaled its next move.
Compressed natural gas for cars shows signs of catching on
The alternative fuel may soon generate more cash for local firms because it’s much cheaper than gasoline.
Brightpoint earnings rise as revenue soars
Increased distribution and demand for smartphones drove Brightpoint Inc.’s third-quarter revenue up 51 percent, to $1.34 billion, the company said after markets closed Thursday.
Terre Haute airport looks for Super Bowl business
Terre Haute International Airport officials distributed brochures and advertisements about the facility and its hangars during a business aircraft convention this month in Las Vegas.
Quarterly profit surges for trucking firm Celadon Group
Celadon Group Inc.’s first-quarter profit grew nearly 23 percent, to $5.4 million, or 24 cents a share, on revenue of $141.5 million.
UPDATE: Feds say state can build debated stretch of I-69
A federal highway administrator says no one can stop the state from building a hotly debated section of the Interstate 69 extension in southern Indiana without using federal money.
Republic studies $113M boost from sale of planes, slots
Republic Airways Holdings Inc. is considering the sale of planes and airport landing rights in Washington, D.C., to help raise about $113 million in a second round of restructuring at its unprofitable Frontier Airlines unit.
Rival trucking firm not interested in Celadon merger
USA Truck Inc. has turned down a meeting with Indianapolis-based trucking rival and investor Celadon Group Inc. to discuss a possible merger.
I-69 rejection could affect bus service in Bloomington
Buses in Bloomington and on the Indiana University campus could lose funding starting in 2014 if local officials don’t include Interstate 69 in their transportation infrastructure plans.
State signs sponsor for road-side assistance program
State Farm Insurance will pay $1.25 million over the next three years to sponsor the Hoosier Helper program.
LDI names new president as part of succession plan
J.A. Lacy, son of company chairman Andre Lacy, ultimately will ascend to CEO in 2013, when current chief executive David Shane is set to relinquish the top job.
Indiana senator pushes taxing online sales
Sen. Luke Kenley, R-Noblesville, plans to ask his Statehouse colleagues Thursday to help him lobby Congress for the right to tax online sales.
Interstate 69 opponents target another section of project
Indiana environmental groups file a second lawsuit against the Army Corps of Engineers, alleging permits for 29 miles of the I-69 project between Oakland City and Washington violate the Clean Water Act.
Contractor gets March deadline to fix closed Ohio River bridge
Indiana on Tuesday awarded a $13.9 million contact to repair a closed Ohio River bridge linking southern Indiana and northern Kentucky to a Louisville-based company that promised to have the nearly 50-year-old span reopened by early March.
Airport gas station could fuel retail in proposed complex
Restaurants, a medical clinic and even a dog kennel are ripe for consideration on an 11-acre airport site slated for a gas station. Airport officials have asked for proposals from developers by Oct. 25.
PROXY CORNER: Celadon Group Inc.
Indianapolis-based Celadon Group Inc. is a trucking company that provides long-haul, full-truckload freight service through Canada, the United States and Mexico.
Celadon proposes merger with rival USA Truck
Indianapolis-based Celadon has become USA Truck’s seventh-largest investor with a $4.7 million purchase of shares. In a regulatory filing, the truckload carrier reported its interest in combining with its rival.
Feds won’t resolve dispute over extending I-69
Agency says state officials need the Bloomington-Monroe County Metropolitan Planning Organization’s backing to spend federal money on a section of interstate intended link with Indiana 37 near Bloomington.
U.S. OKs $196M for high-speed Chicago-Detroit rail
The U.S. Department of Transportation has approved $196.5 million for part of a high-speed Amtrak passenger rail link between Chicago and Detroit, U.S. Sens. Carl Levin and Debbie Stabenow from Michigan said Wednesday.