Indianapolis-based Rise Commercial District is part of a co-warehousing movement that provides small companies with flexible space as they grow, much like office co-working space does.
The China-based company said it plans to construct a second, 550,000-square-foot warehouse on its Boone County campus, doubling employment to about 1,400 by the end of 2025.
The company warned it will likely miss Wall Street’s profit target for its fiscal first quarter that ended Aug. 31. And it said it expects business conditions to further weaken in the current quarter amid weaker global volume.
Freight railroads and their unions face a looming strike deadline on Friday, and business groups say a stoppage halting deliveries of raw materials and finished products that so many companies rely on would be an economic disaster.
The railroad trade group said a strike would idle some 7,000 freight trains a day run by CSX, Union Pacific, BNSF, Norfolk Southern, Kansas City Southern and other railroads and disrupt passenger operations nationwide.
In the Indianapolis area, UPS said it expects to hire more than 3,000 seasonal employees ahead of the holiday rush.
During the second quarter, Amazon’s workforce shrank by roughly 100,000 jobs, to 1.52 million, the biggest quarter-to-quarter contraction in the company’s history.
ITS Logistics LLC plans to expand its Midwest headquarters in Whitestown by 1.4 million square feet, growing its campus to more than 2 million square feet with 350 employees by 2024.
FedEx accelerated the rollout of Sunday service in 2020 to handle an historic increase of residential deliveries after COVID-19 spurred lockdowns to stem the spread of the virus.
For months, motorists have felt the pain of high gasoline prices. Many might not know that they’re also absorbing the impact of much costlier diesel in the form of higher priced goods.
Spot has been on IBJ’s Fast 25 list of growing companies four times, including from 2015 to 2017 and in 2021.
Indianapolis-based Langham Logistics is set to open a 150,000-square-foot warehouse in Whitestown to serve pharmaceutical and biotech companies—and their suppliers—who need cold storage, meaning anything from chilled space to ultra-low-temperature freezers.
Seattle-based Amazon doubled the size of its operations during the pandemic, adding more warehouses and employees. But as the worst of the pandemic eased, it found itself with too much warehouse space and too many workers.
Prologis, one of the world’s largest real estate investment trusts, said it has been trying to acquire Indianapolis-based Duke since November. Duke said in a written statement issued Wednesday that those buyout efforts simply haven’t been good enough.
In a public letter, Prologis CEO and co-founder Hamid Moghadam said his San Francisco-based company has been trying to acquire Indianapolis-based Duke quietly without luck since late November and decided to make the effort public.
It should come as no surprise that pandemic-related supply chain challenges have also had a major impact on the life sciences industry.
New York City-based PCA Group’s clients include beauty brands such as Rebecca Minkoff, Derek Lam, Monique Lhuillier, Rachel Zoe, and FILA.
Walmart said 957 of the people employed at the facility have accepted new jobs with the company, while 1,132 “have not accepted alternative positions.”
Both the House and the Senate have passed major legislation on the matter, and the effort is one of lawmakers’ final opportunities before the November elections to show voters they are addressing the nation’s strained supply chains.
Bell’s Brewery Inc., founded in Comstock, Michigan in 1985, was the largest independently owned brewery in Michigan until being sold at the end of last year. It is known for its Two Hearted Ale, Hopslam Ale and Oberon Ale.
