Indiana Finance Authority takes action against I-69 developer
The Indiana Finance Authority has taken action against the private developer of a 21-mile section of the Interstate 69 extension for failing to pay for work done on the project.
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American Airlines deal gets Republic closer to bankruptcy exit
Indianapolis-based Republic Airways Holdings Inc. has reached an agreement to continue providing regional flights for American Airlines—a step Republic says “clears the pathway for a successful emergence” from its Chapter 11 bankruptcy case.
Celadon Group reports big drop in profit amid ‘challenging’ conditions
The trucking company had a profit of $1.6 million in the fiscal fourth quarter, down almost 87 percent from the $12 million it made in the same quarter a year ago.
Purdue and Ivy Tech launch aviation-maintenance partnership
A new partnership between the Purdue Polytechnic Institute and the Lafayette campus of Ivy Tech Community College might help fill the employment pipeline for the $100 million-plus jet engine plant that General Electric recently built in Lafayette.
Indianapolis airport traffic on the upswing
For the first seven months of 2016, the airport saw 2.49 million passengers board flights. During the same period in 2015, that number stood at 2.26 million.
Retirements, stiffer training requirements fuel pilot shortage
A University of North Dakota study predicts that annual pilot deficits will escalate over the next decade and will total 15,000 by 2026.
Trucking giant pegs Whitestown for parts distribution center, 45 hires
A company that sold more than 160,000 trucks last year intends to spend $12.35 million to lease and equip a 283,500-square-foot facility for sending parts across the Midwest.
CountryMark revenue drops 40 percent as oil prices plunge in last two years
After a six-year run-up for the Indianapolis-based oil refiner that saw its revenue nearly double, the company has eliminated about 25 jobs, 2 percent of its workforce, in recent months.
EPA strengthens greenhouse-gas efficiency goals for big rigs
A big part of the greenhouse-gas reductions are expected to come from engine improvements, cutting fuel consumption by up to 5 percent, benefiting companies like Indiana-based Cummins Inc.
Questions, delays remain for I-69 project in central Indiana
State officials are continuing to finalize the route for the final leg of the Interstate 69 extension project in central Indiana while concerns remain over delays in completing work on another section.
I-69 construction suffers delays and pay issues, leading to bond downgrade
In a recent report, Fitch Ratings expresses doubt that the section of I-69 between Bloomington and Martinsville will be completed by its June 2017 deadline.
Train traffic, speeds to increase on Indiana railroad route
The speed of trains on a portion of the line that runs from Louisville to Indianapolis will increase incrementally over several weeks from a current maximum speed of 25 miles per hour to a speed limit of 49 miles per hour
Sides in Russell estate case seeking settlement
The children of late Celadon Group Inc. co-founder Steve Russell and his second wife have been waging a court battle over his $31 million estate.
IndyGo chooses winners in Red Line design contest
All three winning designs for the route’s stations were crafted by professionals, but the transit service hasn’t decided how closely the final stations might reflect the renderings.
INDOT sets open houses to discuss Interstate 69 land purchases
The state estimates it may need to buy up to 279 homes and 96 businesses for the Interstate 69 extension between Indianapolis and Martinsville.
Delta begins to resume service with limited flights after blackout
According to flightstats.com, Indianapolis International Airport had 21 flights scheduled to depart between 5:20 a.m. and noon Monday. Most were delayed, some for more than four hours.
Delta grounds flights due to IT problems
The Atlanta-based airline told customers via tweet that its computer systems were down "everywhere" and "hopefully it won't be much longer."
Ticket revenue up but passengers down on Hoosier State train
Ticket sales have increased by 14 percent since the Hoosier State passenger train from Indianapolis to Chicago changed ownership and management a year ago, but fewer passengers are using the train.
Alaska Airlines to offer nonstop service from Indy to Seattle in 2017
The new direct and daily service is the first year-round flight to the West Coast high-tech hub in Indianapolis history, local airport officials said Wednesday.
KAR Auction sees higher profit on big rise in revenue
The used and salvaged vehicle auctioneer posted revenue of $771.8 million in the second quarter, up 17 percent from a year ago.