Truck stocks signal economic growth
Companies that act as brokers for trucking services are gaining favor with investors as the 20-month-old rebound shifts into a new phase that’s less dependent on inventory restocking.
Transportation
Articles
Republic takes quarterly loss but beats analyst estimates
Republic Airways suffered a loss in its fourth quarter as its Frontier Airlines business continued to lose money and its contract business with other airlines remained slower than in 2009. But the airline’s performance easily topped expectations of Wall Street.
Airport could land $63M annually from land redevelopment
A consultant’s long-term land-use plan approved Friday morning by the Indianapolis Airport Authority recommends expected uses such as cargo and logistics, and offbeat uses such as construction of a solar-energy farm.
State awards $98 million contract for I-69 project
State highway officials have awarded a LaPorte company a $98.8 million contract to build a nine-mile section of Indiana's planned Interstate 69 extension through Daviess County.
Incentives, long-term leases urged for airport development
The Indianapolis Airport Authority board on Friday is set to approve a long-term land-use plan that will help steer future development in and around Indianapolis International Airport and its five smaller fields for decades to come.
Ice storm uses big chunk of city snow-removal budget
Indianapolis spent almost half its 2011 budget for snow removal—$3.4 million—to deal with last week’s ice and snow storms, the city announced Friday morning.
Groups file suit to stop I-69 work downstate
Environmental and citizens groups seek to stop construction of the 142-mile link between Evansville and Indianapolis, saying it will destroy valuable natural resources.
Defense contractor Gryphon plans Bloomington expansion
Maryland-based defense contractor Gryphon Technologies plans to expand its operations in Bloomington, creating as many as 60 jobs by 2013.
Airport garage still open after fabric roof collapse
The collapse is being blamed on ice and snow that accumulated on the canopy, sending chunks crashing into the garage’s atrium. Six parked rental cars were damaged, but nobody was hurt.
Wrecker business emerges from sad circumstances
After Tammy and Tony Hanna each lost a parent to cancer, the couple took $175,000 from their parents’ life-insurance policies to start Hanna’s Wrecker Service. It opened in October 2008 with five trucks and 13 employees, and now has seven trucks and 17 workers, and plans to move to a larger site that will allow for additional growth.
Republic Airways expands contract with Delta
When the locally based airline bought Frontier and Midwest, some predicted big carriers like Delta would stop doing business with Republic.
Judge orders concrete company to bargain with union
Irving Ready-Mix was ordered to restore pay to workers that had been cut by nearly $3 an hour and to recognize the union as the collective bargaining representative of the employees.
Republic shifts eight Frontier planes to Delta
Republic Airways Holdings Inc. said on Monday that it will shift eight regional jets from flying for its Frontier Airlines unit to fly them under contract for Delta Air Lines Inc. instead.
Measure would allow photo radar cameras in school and construction zones
Legislature considering use of same technology used to nab those who disregard traffic signals.
Bill would force owners of electric cars to pay fee
Special charge would help offset lost gas-tax revenue.
Pearson Ford buys wholesale car-parts business
Owner John Pearson recently purchased the parts business of Paul Harvey Ford, which is ceasing operations after more than 44 years.
New Fort Wayne-Lafayette highway could be done early
Indiana highway officials say construction of the $500 million Hoosier-Heartland Corridor connecting Fort Wayne and Lafayette is ahead of schedule and under budget.
Aerospace firm plans to add 159 engineering jobs
Aero Engine Controls plans to invest as much as $8.5 million to expand its operations near Indianapolis International Airport, adding up to 159 jobs over the next two years.
Cat Logistics to lay off 84 in Greenfield
Caterpillar Logistics Inc. plans to permanently lay off 84 employees from a facility in Greenfield, where it handles distribution services for Irwin Industrial Tools.
Celadon sees quarterly rise in profit, revenue
The Indianapolis-based trucking company reported revenue of $133.1 million, up 4.6 percent from the same quarter of 2009. Profit rose to $2.9 million from $1 million.