Pickens’ natural-gas plan may prove boon to truck builders
Converting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T. Boone Pickens says.
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Grocery distributor buys convenience store supplier
An Indianapolis-based grocery wholesaler has purchased the assets of a convenience store supplier in Danville, enabling it
to expand its number of customers to 800 in five states.
Freight Masters files bankruptcy after losing business from Chrysler, Boeing
The minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing
business.
Plainfield’s MD Logistics sued by Bristol-Myers over lost insulin
Two semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn’t named in the lawsuit.
Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
Carp, shipping and a lawsuit
A lawsuit aimed at stopping invasive carp from reaching Lake Michigan could bring some forms of shipping to a grinding halt.
Celadon profit, revenue slides; shares to be listed on NYSE
Indianapolis-based trucking company Celadon Group Inc. on Wednesday reported lower revenue and profit during its most recent
fiscal quarter, and also announced plans to list its shares on the New York Stock Exchange instead of the NASDAQ starting
Nov. 10.
Firms line up to find new uses for old airport terminal, other properties
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
Sisters start new trucking firm
Two former executives of Carmel-based Performance Marketing Group have launched Rapid Freight Solutions.
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.
Water bottler plans Plainfield plant, to create 37 jobs
A bottled water plant is expected to open in central Indiana next year, with the company planning to buy about 300,000 gallons
of municipal water daily.
Top logistics execs draw road map for industry
On the menu of Indiana’s economic development initiatives, the logistics industry has had all the appeal of truck stop coffee.
Meanwhile, the information technology and life sciences sectors—and recently clean tech—have had everyone salivating. Logistics, however, is cooking up a new strategy.
Automation hitting new levels at distribution centers
In early April, the 110,000-square-foot Indianapolis distribution center of California-based medical-device supplier DJO Inc.
will quietly roll out a revolutionary automated package-handling system.
Indiana prepares roadmap to stay leader in logistics
Conexus Indiana, an industry-driven advanced manufacturing and logistics initiative, is spearheading the development of a
strategic logistics plan.
Diesel dip in price not fueling trucking recovery
Hampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they’re back on the
road to recovery.
Recession squeezes local logistics industry
State economic development leaders remain bullish on Indiana’s future as a logistics hub even as two local players have been
forced into bankruptcy and others struggle with high fuel prices.
Rising fuel costs may mean comeback for freight trains
Spiking diesel fuel prices have deflated trucking stocks and made road kill out of many a small motor carrier. It’s sweet
irony for anyone who’s worn a pinstriped cotton cap to work. The rising price of diesel is poised to invigorate a mode of
transportation that trucks nearly annihilated–the 40 freight railroads crisscrossing the state.
Celadon tries to reverse decline
In just over one quarter, shares of Celadon Group lost nearly half their value as profitable cargo got harder to find in a
slowing economy. The stock closed at $9.13 on Dec. 19, down from nearly $17 in late August.
Feds eliminate quirky price-fixing rule for interstate movers
Interstate moving companies have operated for decades under industrywide price fixing blessed by the federal government. But
the system–one Tony Soprano and the boys in the back room of Bada Bing would love–will end Dec. 31, ushering in price cuts
and other changes that could affect the cost of a move.