The trucking giant is canceling its $28 million Mount Comfort headquarters, selling its flatbed unit, and outsourcing its driver schools, to refocus on core business as the industry is expected to boom.
The Irvine, California-based company said it will spend $40 million to lease, renovate and equip a 590,000-square-foot facility in the River Ridge Commerce Center in Jeffersonville.
The move comes as the Indianapolis-based trucking company works through financial, accounting and operational issues.
A locally-based subsidiary of Japan-based Toyota Industries Corp. plans to spend $8 million to build a 90,720-square-foot factory east of U.S. 31 near 196th Street.
Gov. Eric Holcomb on Thursday announced the creation of an 11-member committee that will help determine how to spend the money.
Attorneys have started talking to landowners along the Nickel Plate Railroad corridor about their property rights.
Central Indiana is facing crunch time in its push to bid for the Amazon HQ2 project, with pitches to the Seattle-based company due Oct. 19, less than two weeks away.
Amazon.com Inc. is experimenting with a new delivery service intended to make more products available for free two-day delivery and relieve overcrowding in its warehouses, according to two people familiar with the plan.
The airline says the route, established in 2014, doesn’t have enough “sustained traffic” to keep it flying.
After buying a 50 percent stake in TradeRev for $30 million in 2014, Carmel-based KAR Auction Services said Tuesday that it has acquired the remaining shares in the company for a sum that could balloon to $125 million.
Warren Buffett's company is acquiring a major stake in Pilot Travel Centers LLC, which operates numerous truck stops in central Indiana.
The Indianapolis-based transportation company confirmed something that has been speculated for months: The trucking company is under investigation by the U.S. Securities and Exchange Commission.
The Indianapolis City-County Council on Monday night approved a plan to limit left turns at dozens of intersections on Meridian Street and College Avenue in preparation for the impending Red Line bus rapid-transit project.
The Carmel City Council still has to approve the agreement, which would allow the suburb to continue its plan to construct roundabouts along 96th Street at three intersections.
A state official says construction work has accelerated on a long-delayed section of Indiana's Interstate 69 extension since a private developer was kicked off the project.
Amazon has become such a colossal retail force that scores of companies have formed specifically to support Amazon vendors. And some of those firms are based in Indiana.
Indianapolis-based Celadon Group Inc. is exiting the driver-education business, five years after spending heavily to launch the driving schools as a way to combat an ongoing shortage of qualified truck drivers.
The Carmel-based vehicle reseller announced Tuesday that it intends to develop a new corporate campus that includes a 250,000-square-foot headquarters that provides room for 400 additional employees.
State officials say the interchange on the northeast outskirts of downtown is 50 years old and reaching the end of its useful life. But project details are still fuzzy.
The sale, to Alabama-based PS Logistics LLC, is part of a larger financial turnaround effort at Indianapolis-based Celadon.
