Shares in the Indianapolis-based trucking company dropped as much as 67 percent Tuesday morning. At least 16 law firms say they have filed lawsuits against the company or are investigating doing so.
The Indianapolis-based trucking company is dealing with auditing issues, liquidity challenges and scrutiny from its lenders. It expects to report a $10 million quarterly loss.
Indianapolis-based Celadon Group Inc. is banking that a new federal food safety rule will help it take a bite out of its competition—in part because smaller carriers won’t be able to afford to comply.
That’s important for Indianapolis International, where cargo represents a significant portion of landing weight. And landing fees that airports charge carriers are weight-based.
United Parcel Service Inc. is making one of the biggest shipping-time changes in its 109-year history. Saturday deliveries will begin next month in 15 metropolitan areas, including Indianapolis.
The Postal Service has lost money for 10 consecutive years. First-class mail volume is down as people rely more on email for online bill payments. But online shopping has led to record volume in its package-delivery business.
The Indiana Court of Appeals upheld a 2014 decision ordering Celadon to pay more than $4 million to a group of drivers in a dispute over fuel costs.
This week’s announcement of a new $1.5 billion air cargo hub in Kentucky, about two hours from Indianapolis, is merely Amazon's latest foray into building out its own shipping and logistics unit.
Indianapolis-based trucking company Celadon Group Inc. on Wednesday announced quarterly financial results that topped analyst predictions.
The third-party logistics provider said it will invest $3.7 million to upgrade a 173,000-square-foot facility—creating additional pharmaceutical-grade storage capicity that will allow it to service a new contract.
The Indianapolis-based trucking and logistics company, which is building a $28 million corporate campus in Hancock County, has been approved for almost $3 million in state economic incentives.
The number of merchants using Fulfillment by Amazon increased 70 percent in 2016. The logistics service lets merchants send goods to Amazon warehouses and pay a fee for packing and shipping online orders to customers.
The trucking industry scored a victory this week when Republican lawmakers effectively blocked Obama administration safety rules aimed at keeping tired truckers off the highway.
FedEx Corp. and United Parcel Service Inc. expect to set another record for packages handled this holiday season, fueled by an estimated 17 percent jump in online spending. Indianapolis is home to FedEx’s second-busiest package hub.
Amazon.com Inc. has a massive network of distribution centers across the country that includes several fulfillment centers in Indiana. But even those aren’t enough to keep up with demand for fast shipping.
Celadon Group Inc. shares tumbled Thursday morning, a day after the Indianapolis-based trucking company reported a loss of $2.9 million, or 10 cents per share, in its latest quarter.
Amazon told IBJ it would hire thousands of seasonal workers in Indiana, including 6,000 at four facilities in the Indianapolis area.
The site of a former coal-fired power plant in southeastern Indiana will be evaluated as a possible location for a fourth port in the state.
Economic conditions have meant a bumpy ride for trucking companies, but Indianapolis-based Celadon says it’s buckled in for the long haul.
The parent company of National Wine & Spirits, has applied to the city for a property-tax abatement on the project that will save it an estimated $335,243 over the eight-year abatement period.
