Celadon Group makes fourth divestiture in past month
The Indianapolis-based trucking company announced Friday that it has sold its intermodal operations to Winnipeg, Manitoba-based Bison Transport.
Transportation
Articles
Amazon targets faster delivery in spending to invigorate growth
Amazon.com Inc. plans to spend $800 million in the current quarter to reduce delivery times for Prime customers to one day from two.
As Lyft becomes 4th scooter operator to enter market, city weighs more regulations
Lyft, the San-Francisco-based ride-sharing company, has plans to deploy as many as 1,200 scooters in Indianapolis after receiving final approval from the city Thursday.
UPDATE: Celadon ordered to pay $42 million after admitting securities fraud
The Indianapolis-based trucking company admitted to “filing materially false and misleading statements to investors and falsifying books, records and accounts,” federal prosecutors said. One former executive also was charged with fraud.
Local car dealers hit with flurry of lawsuits over document-prep fees
Most of the area’s largest car dealers are being sued for charging document-preparation fees that appear to violate state law. But Indiana lawmakers just passed a bill to the governor that would legalize the practice.
Amazon planning delivery center in northern Indiana
The Amazon Logistics delivery center is expected to fill 84,200 square feet of leased space and employ 103 people.
Amtrak supporters appeal for funding for Hoosier State line
Supporters of Amtrak’s Indianapolis-to-Chicago service, including Sen. Ron Alting, R-Lafayette, rallied at the Statehouse on Wednesday to make a last-ditch appeal for the funding.
Judge dismisses Nickel Plate case, awards Fishers attorney fees
A judge has ordered Save the Nickel Plate to pay the city of Fishers’ attorney fees and court costs in a legal case that has turned political.
Shared electric scooters surge, overtaking docked bikes
Riders took 38.5 million trips on shared electric scooters in 2018. That eclipsed the 36.5 million trips riders took on shared, docked bicycles, according to a report released Wednesday.
Continuing to slim down and reduce debt, Celadon sells logistics division to Texas firm
As a result of the deal, Jon Russell, the son of Celadon co-founder Steve Russell, is expected to leave the company for a management position with the acquiring firm.
Local transportation tech firm acquired for $50 million
Synovia Solutions, known for its Here Comes the Bus app, has been acquired by a transportation technology company based in Irvine, California.
Motorists pursue damages from Indiana due to I-69 potholes
The problematic stretch of highway extends between mile markers 219 in Pendleton and 234 in Daleville.
Local auto group hit with class-action suit over document fee
The complaint alleges that Andy Mohr dealerships have violated the Indiana Deceptive Consumer Sales Act by “engaging in an unfair scheme to charge vehicle buyers an unlawful document preparation fee.”
Community foundation’s new mission: helping the marginalized thrive
The Central Indiana Community Foundation’s new five-year plan focuses on making Indianapolis a more inclusive city, a goal it hopes to achieve partly by training 5,000 community leaders and residents about institutional racism.
MD Logistics adds Plainfield warehouse
The Plainfield-based company said it spent $1 million on improvements to the 180,000-square-foot, temperature-controlled facility at 2370 Perry Road.
Cummins testing electric postal vehicles
The delivery vans have an all-electric range of up to 85 miles and can be fully charged in about eight hours.
Amtrak suspends ticket sales for Hoosier State line after June 30
Amtrak on Monday issued an official notice that it plans to suspend operation of the Hoosier State line, which provides Indianapolis-to-Chicago service, starting July 1. The state hasn’t included funding for the line in its next budget.
Airport installing tech to track TSA checkpoint crowds, increase retail activity
The Indianapolis International Airport is using a California firm’s motion-analytics platform in an effort to provide travelers with real-time updates on security checkpoint wait times and to monitor foot traffic in other parts of the airport.
Safety technology driving up repair costs on newer cars
While the latest technology on cars helps prevent accidents, there is a potential side effect: much higher repair costs, even in seemingly minor accidents.
Celadon Group sells two subsidiaries for $139.5 million
The Indianapolis-based trucking company said the divestitures are part of its larger plan to streamline operations and reduce its debt load.