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.
FTR Associates analyst Jon Starks says truck manufacturers won’t feel an improved economy until at least late 2010.
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.
Indianapolis is the new operating headquarters of a Ukrainian-American venture producing refrigeration units for semi trailers.
The move comes with the naming this spring of Thomas Roller as president and CEO of Ukram Industries. Roller is known locally
as former CEO of Indianapolis-based Norwood Promotional Products and of Fruehauf Trailer, which was based here in the 1990s.
Two former executives of Carmel-based Performance Marketing Group have launched Rapid Freight Solutions.
Engineer Refaat "Ray" Kammel’s Anderson engineering firm has received a $2-million grant from the Indiana Department of Economic Development to start manufacturing a patented device that will help old trucks meet new federal emission standards.
Indianapolis truck dealer Utility-Peterbilt leased its first hybrid medium-duty truck this summer after enduring months of
tire-kicking but no action from fleet buyers and plenty of interest from television-news types.
Indianapolis-based Celadon Inc. said yesterday that it eked out a small profit in its fiscal fourth quarter, as the struggling
economy continues to batter the trucking industry.
Despite the recession, Hamilton County continues to enjoy economic growth from both old companies and new ones.
Conexus Indiana, an industry-driven advanced manufacturing and logistics initiative, is spearheading the development of a
strategic logistics plan.
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.
The city should organize a public-private partnership to create a multi-modal distribution community at the site of the former
Indianapolis Airport terminal.
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.
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.
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.
Jeff Stoops’ big-rig truck and trailer inventory is worth tens of millions of dollars–a number that might leave the city’s
cult-of-personaltiy car dealers speechless, or questioning their manhood.
