Truck stocks signal economic growth
Companies that act as brokers for trucking services are gaining favor with investors as the 20-month-old rebound shifts into a new phase that’s less dependent on inventory restocking.
Shipping
Articles
Celadon sees quarterly rise in profit, revenue
The Indianapolis-based trucking company reported revenue of $133.1 million, up 4.6 percent from the same quarter of 2009. Profit rose to $2.9 million from $1 million.
Family Dollar plans 350 jobs in northeast Indiana
A $70 million investment in a new distribution center by the North Carolina-based discount retailer is expected to create up to 350 jobs. The facility should be operational by spring 2012.
HOLT: Regional airports can fuel economic development
Some smaller airports have excess cargo capacity.
Online Transport buys Frontier assets from Toronto firm
Greenfield trucking company buys 794 trailers from Toronto-based Vitran Corp. for about $5 million to bolster operations.
Logistics provider moves to city’s northwest side
FitzMark Inc. relocates to space on Zionsville Road to accommodate growth, much of it resulting from the launch of an online subsidiary called FreightCity Inc.
FedEx launches nonstop flights from China to Indy
First nonstop scheduled cargo flights from China are a milestone for Indianapolis International Airport and could attract companies that rely on ready access to Asia.
Celadon’s quarterly profit, revenue improve
The Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter and profit of $4.4 million.
Lacy company takes stake in Oregon logistics firm
LDI Ltd. has acquired a majority position in Portland-based Oregon International Air Freight Co.
Celadon reports higher quarterly, fiscal-year profit
CEO Steve Russell attributed the improved earnings to a recovering freight environment, coupled with a decrease in
competition. Celadon also is benefiting from increased trade with Mexico.
Celadon reports quarterly profit on higher revenue
The Indianapolis-based trucking company saw profit rise to $400,000 in its third quarter from a $2.1 million loss in the same
period
last year.
LEADING QUESTIONS: Trucking firm CEO leans into the pain
Celadon CEO Stephen Russell faced a treacherous patch of highway when fuel prices spiked and the recession drove the
trucking industry into an economic Death Valley. In IBJ's new video feature on leadership issues, Russell explains
how advice from his dentist helped pave the way to recovery.
Airport cargo-traffic rise could be sign of improving economy
Retailers restocking lean inventories and more online purchases could be driving cargo uptick.
Logistics study revisits old concerns
The two-year study by the Conexus Indiana Logistics Council Executive Committee involved 36 logistics executives statewide.
Trucking firms shift gears to weather long downturn
Logistics companies have found the last few years an unparalleled challenge. If it wasn’t higher fuel prices, it was softening
business in key sectors, such as the automotive industry. Fewer goods to move created overcapacity and softened rates.
Conexus says infrastructure important to Great Lakes and Ohio River commerce is at risk
Many of the locks controlling the key passageways date back 80 years and are failing.
FedEx closely watching key legislation
Congress may determine long-term fate of FedEx’s Indianapolis cargo hub, where about 4,500 work.
Logistics firm CEVA to lay off 250 workers in Plainfield
CEVA Logistics U.S. Inc. plans to permanently lay off nearly all of its workers at its warehouse operations in Plainfield,
resulting in the loss of more than 250 jobs.
Celadon sees trouble ahead for trucking fleets
The Indianapolis trucking firm is not among the weaklings and, if anything, will benefit from additional fleet
failures to the
extent it diminishes industry capacity.
Lawmakers OK bill regulating radioactive material
The bill would require the state’s Homeland Security agency to issue a permit for the transportation of radioactive materials
within Indiana.