Republic Airline exec: Industry’s pilot shortage has wide-ranging implications
The ongoing pilot shortage has multiple causes and will require multiple solutions, said speakers at the Aerospace & Defense in Indiana breakfast event Thursday.
Manufacturing
Articles
Allison fears U.S. military giving Spanish competitor unfair advantage
Allison Transmission is concerned its specialized combat-vehicle transmission production line, which accounts for more than $100 million in annual revenue, is under threat.
Big gymnasium in downtown corporate campus to be demolished
The owner of the 40,000-square-foot gym says upgrading the facility would cost tens of millions of dollars, and that the cost to maintain it is greater than the property’s value.
Here’s how new North American trade pact will shake up business
Economists, trade attorneys and businesses are still parsing the agreement. But here's an early look at what it means for different players.
Conexus Indiana hires two execs to lead tech, workforce initiatives
One executive is expected to help Indiana companies continue their transition into next-generation digital technologies. The other will develop and direct programs that help secondary and post-secondary students, as well as adult workers.
Employers jump into providing care for workers as health costs rise
Fiat Chrysler in central Indiana is among those offering basic health care for most of its employees and their families through its factory-based clinics.
Italian filter maker to establish operations in central Indiana
The office of Indiana Gov. Eric Holcomb announced the plans Thursday in Milan during the governor's three-day economic development trip to Italy.
Illinois company plans $26M Indiana plant, 580 jobs
Elk Grove, Illinois-based Wynright Corp. announced plans Tuesday for the 320,000-square-foot plant on 44 acres that will make material handling systems for the logistics industry.
Indiana-based Thor Industries bets $2.5B on RV growth in Europe, China
The deal would make Airstream parent Thor Industries the largest RV maker in the world.
GM recalls more than 1M pickups, SUVs for power steering problem
GM said the power steering can fail momentarily during a voltage drop and suddenly return, mainly during low-speed turns. Such a failure increases the risk of a crash.
Hurco shares jump after manufacturer reports record sales
Quarterly sales in Hurco’s European region rose to $44.1 million, a 31 percent jump over the same period of 2017.
Contract packaging firm to terminate 86 workers in plant closure
In a notice to the Indiana Department of Workforce Development, Quality Packaging Specialists International LLC said it would begin eliminating employees this month.
Indiana-based Vera Bradley says China tariffs will derail its recovery
Purse maker Vera Bradley has been moving production out of China, but says about 21 percent of the company’s products can’t viably be sourced elsewhere.
U.S. factories continue to report solid growth
The Institute for Supply Management said U.S. factories grew at a faster pace in August as American industry continued to show robust health.
U.S.-China trade talks end with no breakthrough
U.S. and Chinese negotiators ended two days of meetings Thursday without breaking a deadlock over trade that has unnerved financial markets and disrupted global commerce.
Mike Braun’s ties to outsourcing magnified politically under Trump
Donald Trump's election in 2016 shifted the political dynamic for Republican business people like Mike Braun seeking public office.
West Fork Whiskey plans to increase distribution to Midwest
The Indianapolis-based craft distillery plans to expand distribution to states outside of Indiana by boosting production and storage capacity.
Calumet Specialty’s new CEO giving it second lease on life
Calumet shares now trade around $6.65, nearly double their October 2016 low but way down from October 2015, when they fetched around $27.
After 10 years, Greensburg’s Honda plant has had broad but sometimes subtle impact
The plant employs 2,500 people—plus another 500 in a pool of temporary production workers whose numbers fluctuate depending on the company’s needs—and pays millions in taxes annually to state and local government.
Trump orders doubling of steel, aluminum tariffs for Turkey
The clash between the NATO allies reverberated across global markets Friday as an economic crisis in Turkey threatened to spread. The S&P 500 Index erased its gain for the week.