IndyGo’s hopes remain alive for federal Red Line funding
The House’s $1 trillion federal spending bill, crafted over the weekend, includes $50 million for the Red Line. Project funding has been in limbo for more than a year.
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New food transport rules could boost big trucking firms most
Indianapolis-based Celadon Group Inc. is banking that a new federal food safety rule will help it take a bite out of its competition—in part because smaller carriers won’t be able to afford to comply.
Credit ratings agency downgrades bonds issued for I-69 project
The most recent downgrade was driven by concerns over whether the company hired to design and build the segment will be able to meet its financial obligations.
Local wiener eatery hawking franchises for convenience stores
King David Dogs is pursuing growth through gas stations and travel plazas by franchising kiosk-sized versions of its downtown restaurant, known for its quarter-pound, all-beef hot dogs.
Rise in internet-connected devices creates new cybersecurity concerns
Aerospace and defense companies are working to thwart digital attacks from several sources and expect huge demand for workers in the field.
Judge OKs Republic Airways bankruptcy-reorganization plan
The approval clears the way for the Indianapolis-based airline to emerge from Chapter 11 as a privately held company by the end of the month.
Details of Indiana road-funding agreement begin to emerge
Indiana lawmakers plan to release a broad outline Thursday afternoon of an agreement to raise taxes in order to fund road projects.
Lawsuit alleges SEC investigation, financial cover-up at Celadon
The plaintiff says he was harmed financially because he purchased Celadon stock at “artificially inflated prices.” The company’s shares declined after allegations of misleading statements and a federal probe.
Denison CEO Pratt departs after 15 years with company
Jeff Line, the parking company’s executive vice president and chief operating officer, will take over as president May 1.
Lawmakers reach tentative agreement on road-funding package
Indiana House Speaker Brian Bosma said the deal hits the "sweet spot" of both chambers' priorities.
KAR Auction acquires startup tech company for $43 million
Carmel-based KAR Auction Services Inc. said the acquisition of Chicago-based startup CarCo Technologies Inc., which does business as Drivin, will beef up its technology capabilities.
Truck maintenance firm gears up for growth with new investment
A private equity firm has purchased a stake in a local family-owned company with operations across the country as its two founders retire and the next generation takes the helm.
United changes policy on displacing seated passengers
The change comes after a passenger, Dr. David Dao, was dragged from a fully-booked United Express flight in Chicago because he refused to give up his seat to make room for crew members
Carmel proposes $13.4 million ‘road diet’ for Rangeline Road
The project will eliminate three of the five existing travel lanes from 116th Street to Main Street, add roundabouts at intersections, install a landscape median through the corridor and put multipurpose paths on both sides of the road.
Ben & Ari’s closes in Fishers after 18 years in business
The owners of the popular miniature golf course, arcade and party-hosting facility have sold the property along busy State Road 37 to a buyer who plans to open a used-car business.
Cummins, Eaton planning $1.2 billion joint venture
Each company is expected to have equal ownership of the joint venture, which will focus on medium- and heavy-duty automated transmissions.
Bill that once targeted Tesla approved by Indiana Senate
A bill that would prevent Hoosiers from buying cars directly from auto manufacturers passed the Indiana Senate on Thursday with no changes. The bill was amended earlier this session to eliminate Tesla Motors from the ban.
Experts see cargo biz increasing at Indy airport
That’s important for Indianapolis International, where cargo represents a significant portion of landing weight. And landing fees that airports charge carriers are weight-based.
Indiana Senate votes to approve infrastructure funding plan
The measure likely will head next to a conference committee where differences with a House version can be ironed out.
UPS adding Saturday delivery as online shopping drives demand
United Parcel Service Inc. is making one of the biggest shipping-time changes in its 109-year history. Saturday deliveries will begin next month in 15 metropolitan areas, including Indianapolis.