The revenue-hungry Indianapolis Airport Authority is reviewing its entire parking operation, including opening up its valet parking contract in search of new services that would appeal to business travelers and in turn boost the airport’s bottom line.
Ambrose Property Group will break ground next month on its first industrial project, a 545,010-square-foot national distribution center for Gordmans Inc.
Mayor Greg Ballard is expected on Jan. 30 to lay out plans for a cross-county economic development area anchored by Indianapolis International Airport that promises to quell political divisions and clear the way for investment.
Gordmans, an apparel and home decor retailer, said it will spend $37.5 million to construct and equip a 545,000-square-foot distribution center in Clayton.
The leaders of 18 central Indiana cities and towns have formed a group that intends to address regional concerns, starting with a proposed $1.3 billion, 10-year mass transit plan.
Penalties will help fund clean-up of East Washington Street site.
Health officials in central Indiana say a material resembling red crushed pepper that apparently sickened 32 workers at an Amazon distribution center in Plainfield was organic and not a threat to anyone's health.
Plainfield-based Fundex Games Ltd., which filed for bankruptcy protection in September, said Poof-Slinky Inc. is the only potential purchaser that has shown interest in acquiring the company’s assets.
Troy, Mich.-based Meritor Inc., a global supplier of commercial truck parts, said it will consolidate North American remanufacturing operations by moving production from Ontario, Canada, to its facility in Hendricks County.
Regal Beloit Corp. said it plans to move operations from multiple Midwestern warehouses into a new, 376,000-square-foot warehouse in Browning Investments' and Duke Realty Corp.'s AllPoints Midwest industrial park.
The Indianapolis Airport Authority’s aggressive effort to stop an Ohio firm from building a parking facility beyond airport boundaries has neighbors worrying the municipality will unleash its lawyers on virtually any nearby business deemed a threat to airport revenue.
$2.9 million grant will be used to bulk up logistics training and education center in Plainfield.
Fast-growing Ambrose Property Group plans to develop a $12 million warehouse building on a site in Plainfield that it acquired last month from the FDIC.
The three-year service will take riders to Amazon, BrightPoint, Ryder and other big west-side employers.
The once high-flying Fundex is seeking to reorganize under the protection of bankruptcy as the lawsuits against the Plainfield-based company continue to pile up. Fundex lists assets of nearly $1.5 million and liabilities of $8.9 million.
Central Indiana’s rail terminal to the world is CSX Transportation’s Avon yard, in Hendricks County. But don’t look for much in the way of rail shipments from here directly to the West Coast. The yard operates well below capacity. Meanwhile, CSX has been investing hundreds of millions of dollars in infrastructure upgrades to terminals in Ohio and farther east.
The Indy Warehouse Automation Expo will showcase new generation of scanners, cameras and radio frequency ID technology.
Given the soft cell phone market and Brightpoint’s recent struggles, a sale to California-based Ingram Micro for about $840 million makes sense, analysts say. The two companies announced the acquisition early Monday morning.
The Indianapolis Airport Authority recorded a $31.3 million operating loss in 2011, a result that new board President Michael Wells believes underscores the need to find new sources of revenue.
Rolls-Royce Corp. said Tuesday that its landed a $315 million contract from Pratt & Whitney for its LiftSystem, which enables short takeoffs and vertical landings by the U.S. Marine Corps’ F-35B aircraft.
