Cat Logistics to lay off 84 in Greenfield
Caterpillar Logistics Inc. plans to permanently lay off 84 employees from a facility in Greenfield, where it handles distribution services for Irwin Industrial Tools.
Transportation
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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.
Trucking firms need drivers; students can’t afford training
A study by the Council of Supply Chain Management Professionals estimates that the trucking industry needs to hire 200,000 more drivers this year, but some driver-training schools locally say many potential students don’t have the $3,000-to-$5,000 or more for tuition.
Colombian Army lands aircraft at Eagle Creek
South American country joins local aviation firm’s list of international clients.
UPDATE: Demand for distribution services drives firm’s growth
Indianapolis logistics firm Backhaul Direct LLC plans to invest $1.7 million to grow its downtown operation and add nearly 325 jobs by 2015 as demand for its distribution services grows.
Federal judge backs jury award in FedEx-ATA dispute
Richard Young rules that the $66 million verdict against FedEx was rational and “not monstrously excessive.”
Indiana mergers and acquisition ranged upward of $2.3 billion
Simon Property Group’s acquisition of Prime Outlets was the largest by an Indiana company in 2010.
BREAKING: Backhaul Direct plans expansion, 325 new jobs
Indianapolis logistics firm Backhaul Direct LLC will invest $1.7 million to grow its downtown operation, adding nearly 325 jobs over the next four years. State officials announced the expansion plans Thursday morning.
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.
Aircraft maintenance firm plans Grissom site, 200 jobs
Officials of Texas-based Dean Baldwin Painting signed a 29-year lease deal last week with Miami County officials for hangar space in the Grissom Aeroplex near the city of Peru.
FedEx fights to overturn jury’s $66M award to ATA
ATA charged in the two-year-old breach-of-contract suit that FedEx’s unexpected decision in January 2008 to drop it as a military-charter partner forced it into bankruptcy liquidation that spring.
Shareholders approve FinishMaster deal
FinishMaster Inc.’s shareholders this week approved a deal to sell the Indianapolis-based company to a subsidiary of Uni-Select Inc. for $172 million.
D-A Lubricant moving from Indianapolis to Lebanon
Company will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business Park. The move should be completed by December.
Key road projects await busy INDOT
The ongoing rehab of Interstate 465 will continue to be the biggest highway project in the metro area in 2011, but the rebuilding of an 11-mile segment on the west side could be all but finished by the end of the year—just when other significant highway projects will get under way in the metro area.
Indianapolis-area transportation programs land federal money
IndyGo will accept new applications for funding beginning Feb. 14.
State awards $70M contract for Interstate 69 project
Indiana Department of Transportation spokeswoman Cher Goodwin says that with the new contract, the state has so far awarded eight contracts for building about 45 miles of the new $3 billion, 142-mile highway between Indianapolis and Evansville.
Southern Indiana ethanol plant starts after long halt on work
Aventine Renewable Energy is ramping up production at an ethanol plant in southwestern Indiana that is now operating after construction work was halted for more than a year.
Platinum Equity wraps American Commercial buyout
The sale of inland marine shipping company American Commercial Lines Inc. to an affiliate of Platinum Equity closed on Tuesday. Jeffersonville-based ACL was one of the state’s largest public companies.
Deal saves Carmel, Fishers commuter bus routes
The service, funded for the last three years by a federal grant that expires on Dec. 31, 2010, was set to end on that date unless new arrangements could be made.
Airport consultant presents long-term land-use plan
Much-hyped study won’t portend immediate investment, but will help steer development on and around airport through 2040.