FedEx trying to fend off reclassification of its workforce
FedEx brass have been trying to counter legislation pending in Congress being pushed by arch rival United Parcel Service
and the Teamsters union.
FedEx
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Q&A with Indianapolis Airport Authority CEO John Clark
Clark talks to IBJ about how the airport can increase revenue by diversifying its sources of income. The airport can’t rely
on higher passenger counts to boost its bottom line.
Expanded FedEx cargo hub not meeting expectations
Indianapolis International Airport, already suffering from a 10-percent drop in passenger traffic and a projected $15 million
revenue shortfall this year, is also feeling financial drag from its single most important tenant. FedEx Express cargo shipments,
which amount to about half of the $25 million in airfield fees generated at the airport, fell
16 percent in the first three months of this year vs. the same period last year.
Airport tussle continues
The Indianapolis Airport Authority has fired back against a Hebron, Ky.-based contractor that alleged in a lawsuit last December
that the airport operator failed to pay in full on a $14.7 million contract to build aircraft parking spaces.
Cincinnati construction company sues Indy airport for failure to pay
A suburban Cincinnati construction company known for airport and interstate projects alleges the Indianapolis Airport Authority
has failed to pay on a $14.7 million contract to build aircraft parking spaces.
Airlines say airport’s deal with FedEx over expansion is likely to raise landing fees
Five airlines at Indianapolis International Airport–all of them paying higher fees and rents to help
pay for the $1.1 billion midfield terminal–complain they may be stuck footing the bill for part of the
$214 million FedEx cargo-hub expansion.
Bankrupt ATA may sue ex-partner FedEx
ATA Airlines Inc. largely blames FedEx Corp. for knocking it out of business this spring. Now, the bankrupt airline is preparing
to fight back by suing the Memphis cargo giant, charging it wrongfully canceled a military-charter contract that generated
hundreds of millions of dollars in revenue for ATA.
Airport considering air cargo facility
Indianapolis airport officials are considering building a smaller version of FedEx’s 2-million-square-foot hub here, one
that could accommodate several cargo carriers from around the globe. The “international air cargo facility” could be up to
several hundred thousand square feet large and could cost tens of millions of dollars to build.