Freight carrier plans to expand, add 183 local jobs
Thomasville, N.C.-based Old Dominion Freight Line said a $22 million investment will be used to upgrade its existing 122,340-square-foot facility on the southwest side.
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I-465 renamed USS Indianapolis Memorial Highway
The interstate loop around Indianapolis was formally renamed for the cruiser sunk in shark-infested waters of the Pacific Ocean during the closing days of World War II.
Adesa to acquire online auction firm for $210M
Adesa said it plans to acquire Redwood City, Calif.-based OpenLane Inc. for $210 million in cash. OpenLane expects to sell more than 300,000 vehicles to dealers this year and generate about $100 million in revenue.
Former flight management firm owner pleads guilty to fraud
David A. Chaisson is one of two men charged in separate schemes to defraud Ryan International Airlines. Prosecutors say the schemes involved kickback payments in exchange for business.
Landmark water tower could be razed in Greenwood
A central Indiana water tower that once served as a local landmark for residents is being targeted for demolition because officials say it poses a safety hazard to a nearby airport.
Indiana State Fair features rapid-transit vehicle
Visitors to the Indiana State Fair will have a chance to peek into the possible future of the region’s transit system.
IndyGo seeks funding traction
The Indianapolis Public Transportation Corp. has budgeted expenses of $57 million for 2012, but officials expect a revenue shortfall of $6.4 million because of drops in federal, state and local funding.
KAR Auctions reports $14M quarterly loss
Carmel-based used and salvaged vehicle auctioneer KAR Auction Services, Inc. said it lost $14.3 million in the second quarter due to the early payoff of debt.
Green group: I-69 will drain money from other projects
Indiana's 142-mile extension of Interstate 69 between Indianapolis and Evansville will siphon hundreds of millions of dollars away from other road and bridge projects in coming years, according to a report from an environmental group.
Cummins OK with new federal fuel standards for trucks
U.S. truck makers are expected to improve tractor-trailer fuel economy by about 20 percent by 2018, saving $50 billion in fuel costs over five years and decreasing carbon-dioxide emissions, President Barack Obama said.
Artist complains about removal of public art from Indy airport
Local artist James Wille Faust is crying foul over a decision to replace his $150,000 work with advertising at the Indianapolis International Airport.
Harrison, Conexus create logistics degree program
The associate’s programs will begin in September for students at Harrison College, a for-profit school formerly known as Indiana Business College.
Frontier, flight attendants reach tentative deal
Frontier Airlines and the union representing its nearly 1,000 flight attendants have reached a tentative agreement to trim labor costs.
Railroad plans Gary redevelopment, 251 jobs
Canadian National Railway Co. on Wednesday announced plans to relocate part of its operations from Markham, Ill., to northwest Indiana.
Republic Airways blames fuel costs for $15M quarterly loss
The Indianapolis-based company said it spent nearly $227 million on aircraft fuel in the quarter, compared with $161 million in the same period a year earlier.
Packaging manufacturer plans to expand, add 80 jobs
Indianapolis-based DGP Intelsius LLC, a manufacturer and distributor of temperature-controlled packaging, announced on Tuesday morning that it plans to add 80 jobs by 2014 as part of an $870,000 expansion.
Environmental groups sue to block I-69 construction
Citizens for Appropriate Rural Roads and the I-69 Accountability Project said the road expansion would violate federal environmental laws.
INDOT rejects Monroe County plan excluding I-69
In the latest turn in the battle of wills over the $3 billion highway connecting Indianapolis to Evansville, department officials nix plan because it excludes Bloomington-area section of the expansion.
Bill Mays to retire from Mays Chemical
The most successful black businessman in Indiana plans to retire from the company that bears his name at year-end as part of a transition that ultimately will put his daughter at the helm.
Proliferation of smartphones fuels big jump in Brightpoint profit
Second-quarter revenue was $1.23 billion, well ahead of the consensus estimate of $1.09 billion and 57 percent ahead of the same quarter a year earlier.