CEO Paul Svindland said challenges in the trucking industry, along with fallout from what prosecutors allege was a massive accounting fraud engineered by prior management, proved impossible to overcome.
The Indianapolis-based company lost its way after founder Stephen Russell gave up the CEO’s role in 2012, and three of its former executives now are facing fraud charges.
Energizer Manufacturing Inc. is seeking tax breaks from the city of Franklin in return for opening a $62.7 million packaging and distribution center in Franklin Tech Park, just east of Interstate 65 and south of State Road 44.
The Indianapolis-based firm on Tuesday broke ground on a $78 million, 508,104-square-foot building—the first of four planned structures as it shifts focus to industrial development.
The red-hot Indianapolis industrial real estate sector is nearing all-time records in vacancy, construction and absorption, newly-released market reports obtained by IBJ show.
With the unemployment rate at 3.2% and competition growing as multiple companies ramp up hiring, finding seasonal employees will be tough.
Grocery distributor SpartanNash is shutting down Fresh Kitchen, a prepared-meals division of Indianapolis-based Caito Foods Service that once held great promise.
The facility will offer a range of technology disposition services, including data erasure and drive destruction, processing, remarketing and recycling.
The Virginia-based firm said Tuesday it has invested $18 million to set up a 70,000-square-foot biologics logistics center near the Indianapolis International Airport. It is currently hiring managers and technicians.
Holmdel, New Jersey-based Monmouth Real Estate Investment Corp. bought the 615,747-square-foot building at 1151 S. Graham Road from local firm Scannell Properties earlier this month.
Gordon Food Service plans to hire and train more than 200 workers for the distribution center at hourly wages of $20 to $25 an hour before the facility opens in late 2021. Longer term, employment at the facility is expected to be much greater.
The company says it did nothing wrong but decided to settle the case, which involved allegations of discrimination against female applicants at its Shelbyville warehouse.
The owner of Pace Air Freight, which specializes in truck transport of pharmaceutical products, is in the process of assembling land it doesn’t already own, including parcels owned by Indianapolis International Airport.
Amazon is looking for all kinds of workers, from software engineers to warehouse staff. The hiring spree is not related to the usual increase in hiring it does to prepare for the busy holiday shopping season.
The site is the same one FedEx Corp. had designated for a $259 million distribution center that would have employed 450 workers.
The move is part of the firm’s previously announced plans to reorganize distribution for its pizza and ice cream products to a warehouse model.
As Amtrak prepares to end its Hoosier State train service from Indianapolis and Chicago, New York City-based startup Our Bus sees an opportunity to launch its own route.
Produce company Caito Foods LLC is set to shut down its Fresh Kitchen operations in Indianapolis, less than three years after opening the $32 million facility.
The fastest-growing company in the Indianapolis area is making plans for more growth throughout the state.
The move has been long sought by the trucking industry but opposed by safety advocates who warn it could lead to more highway crashes.
