Indy-based smart mailbox startup prepping for public offering
Arrive CEO Dan O’Toole said he is targeting early 2024 to make the initial public offering. The company has secured the ticker symbol ARRV.
Distribution & Logistics
Articles
Corporate 100: Atlas monitors wave of consolidation in logistics sector
IBJ recently chatted with Phil Wahl, president and chief operating officer of Atlas Logistics Inc., about the impact of the consolidations and the company’s outlook for the rest of 2023.
Inside the massive new Walmart fulfillment center in McCordsville
Walmart on Thursday will host a ceremonial grand opening for the 2.2 million-square-foot, three-story facility, which will eventually employ up to 1,000 people.
Netherlands-based NewCold plans $150M expansion in Lebanon
NewCold said the expanded facility at Lebanon Business Park will be the largest automated cold storage building in the United States.
Local cold storage firm founded in 1951 acquired by South Dakota biz
MW Cold, a fourth-generation company that operates two large cold-storage facilities in central Indiana, is under new ownership.
Possible UPS strike looms large in world grown reliant on delivery
The last time UPS workers walked of the job more than two decades ago, it crippled the shipping company. An emboldened union is threatening to do the same, and this time the disruption would be far greater.
Local logistics firm Draco moves some operations to Mount Comfort building
Developer Ambrose Property Group began construction on the $60 million facility, known as Mount Comfort Logistics Center Building V, in March 2022.
Lawmakers call on SEC to assess Shein supply chain before IPO
A bipartisan group of two dozen lawmakers is asking the SEC to put the brakes on an initial public offering by Chinese fast-fashion retailer Shein—which has major operations near Indianapolis—until it verifies it does not use forced labor.
DeJoy: U.S. Postal Service plans to keep raising prices
Postmaster General Louis DeJoy says his plan to dramatically increase postage rates could spell trouble for some businesses relying on mailing and shipping costs that have been kept low at the expense of the Postal Service’s financial stability.
Walmart bets on warehouse robots, dangles profit potential
Within three years, the unit cost of moving goods will fall 20% as warehouse robots play a larger role in speeding goods to customers, Walmart said in a statement Tuesday.
FedEx combining air, ground, other operations to slash costs
The package delivery company said Wednesday that FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies will be rolled into a single entity in a companywide reorganization designed to save $4 billion.
Opponents say mixed beverage bill could raise prices for consumers
A bill letting beer wholesalers cash in on lucrative liquor-based drinks would “expand their monopolistic advantage” and hike prices for consumers, argues a leading wine and liquor organization.
E-commerce company Radial opens 2nd Avon fulfillment center
In addition to adding more than 100 jobs at the center, the company has tapped China-based logistics tech firm Geek+ to provide automation and robotics for the facility.
RR Donnelley closing Plainfield plant, terminating 79 employees
Citing “changing market conditions,” the company said in a letter to the Indiana Department of Workforce Development dated Wednesday that the closure would be permanent.
About 300 logistics employees affected by change in operations at Whitestown facility
Kuehne+Nagel Inc. said in a notice to the state that it will cease operations with Rockwell Automation when the contract between the companies terminates May 10.
Railroad group warns that car flaw could cause derailments
U.S. railroads were warned to take certain cars out of service Thursday after Norfolk Southern discovered loose wheels on a car involved in last weekend’s derailment in Springfield, Ohio.
Amazon’s belt-tightening affects towns across United States
For years, Amazon has been in super growth mode. But now, some projects are facing delays, and some communities worry the projects might never materialize.
Monarch Beverage plans move to new $73M facility on Indy’s east side
The company plans to retain 500 workers when its relocates from its existing distribution center on Pendleton Pike in Lawrence to the new facility under development in Indianapolis.
Fast-growing Fitzmark acquires Georgia logistics firm
Indianapolis-based FitzMark LLC, a third-party logistics firm, has acquired a similar firm that specializes in refrigerated freight, marking its seventh acquisition in four years.
Postal service on-time performance similar in rural, urban areas, report finds
Challenges with the cash-strapped United States Postal Service sent many Americans to their wit’s end during the COVID-19 pandemic, especially in communities reliant on the mail for essential goods.