Distribution & Logistics

KAR stock falls after private-equity deal reported dead

November 13, 2012
Bloomberg News
KAR Auction Services Inc. stock took its biggest daily drop in more than three months Tuesday after Reuters reported the provider of wholesale vehicle auction services ended talks to sell itself to private-equity firm Clayton Dubilier & Rice LLC.
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Celadon Group's quarterly profit jumps 50 percent

October 24, 2012
Indianapolis-based trucking company Celadon Group said fiscal first-quarter profit rose to $8.3 million due to higher freight revenue and lower operating expenses.
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Wisconsin firm consolidates into Plainfield, plans 50 new jobs

October 24, 2012
 IBJ Staff
Regal Beloit Corp. said it plans to move operations from multiple Midwestern warehouses into a new, 376,000-square-foot warehouse in Browning Investments' and Duke Realty Corp.'s AllPoints Midwest industrial park.
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Operations start at Amazon's new Indiana warehouse

October 4, 2012
 IBJ Staff and Associated Press
Officials say Amazon.com Inc.'s new warehouse and distribution center in southern Indiana has started operations with more than 1,000 workers.
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Short-line railroad shakeup coming around the bendRestricted Content

September 29, 2012
Chris O'Malley
Four railroads in region being purchased by Connecticut-based operator as part of $2 billion deal.
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Vincennes logistics program gets box of money from federal governmentRestricted Content

September 29, 2012
 IBJ Staff
$2.9 million grant will be used to bulk up logistics training and education center in Plainfield.
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Women's retailer plans $37M expansion, 242 jobs

September 27, 2012
New York-based Ascena Retail Group, whose female clothing brands include Justice, Lane Bryant, Maurices and Dressbarn, plans to transform its 794,000-square-foot warehouse in Greencastle into an e-commerce distribution hub.
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FedEx Ground eyeing Zionsville for distribution center

August 30, 2012
 IBJ Staff
FedEx would bring a distribution complex to Zionsville under a tax increment financing deal hammered out with town redevelopment commission members on Wednesday.
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Harrison College trying to ramp-up logistics degree offeringRestricted Content

August 25, 2012
Chris O'Malley
Nearly a year after launching an associate degree with input from industry leaders trying to solve a logistics skills gap, Harrison College wants to offer logistics classes closer to where potential students work.
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KAR Auction Services mum on leveraged buyout talk

August 24, 2012
Chris O'Malley
Carmel-based KAR Auction Services Inc. isn’t commenting on a report by Reuters that it is talking with private equity firms about taking the company private for the third time in its 30-year history.
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Packaging manufacturer plans to expand, add 32 jobs

August 23, 2012
Cicero, Ill.-based Royal Box Group LLC said it plans to add 32 employees by 2017 and spend $3.8 million to build and equip a new plant in Greenfield.
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Celadon reports big jump in earnings on higher revenue

July 30, 2012
 IBJ Staff
The Indianapolis-based trucking firm on Monday said earnings rose 63 percent, to $9 million, in the fiscal fourth quarter. Quarterly revenue rose 4 percent, to $157.5 million.
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Mega-warehouse technology subject of Aug. 1 expoRestricted Content

July 28, 2012
The Indy Warehouse Automation Expo will showcase new generation of scanners, cameras and radio frequency ID technology.
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IU researchers question economics of diesel hybridsRestricted Content

July 21, 2012
Fuel savings and environmental benefits might not be worth the higher cost of such vehicles.
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Former ATA campus set to find new use as classroom

July 16, 2012
Chris O'Malley
Ivy Tech Community College will begin offering accounting, business, criminal justice and information technology classes at the former airline campus on the northern edge of Indianapolis International Airport.
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BrightPoint settles two suits against rival Brightstar

July 13, 2012
Scott Olson
Both lawsuits involved former BrightPoint executives hired by Brightstar who had access to the local firm’s innermost workings and strategies. The suits, filed in Marion Superior Court, were dismissed Wednesday.
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BrightPoint's $840M sale ends wild ride for CEO LaikinRestricted Content

July 7, 2012
Greg Andrews
Bob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
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Ahoy! Cargo traffic up at state's portsRestricted Content

June 30, 2012
Large increases in maritime shipments interpreted as good sign for Indiana economy.
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Indianapolis fastest-growing companies run the gamutRestricted Content

June 16, 2012
Marc D. Allan
This year's list of fastest-growing private companies in the Indianapolis area is a diverse lot, operating in industries ranging from human resources to office furnishings to construction to home health care and games.
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Local logistics provider FitzMark plans to add 30 jobs

June 14, 2012
Indianapolis-based FitzMark Inc. said it will fill the customer service and purchasing positions by the end of the year. The company was founded in 2007 and has grown to $25 million in annual revenue.
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UPS plans $10 million upgrade on northwest side

June 5, 2012
 IBJ Staff
United Parcel Service Inc. is planning a $10 million modernization project for a regional transportation hub in Indianapolis and is seeking tax incentives to help make it happen. The project would help the company retain 750 local jobs.
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Mexican big rigs shun border, imperiling trucking deal

May 24, 2012
Bloomberg News
A cross-border trucking pact that ended a 17-year trade dispute between the U.S. and Mexico last year may unravel unless more Mexican big rigs start crossing the border. Failure of the program could have an impact on trucking firms like Indianapolis-based Celadon Group Inc.
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New warehouse ends drought of spec industrial development

May 17, 2012
J.K. Wall
Construction on the 794,608-square-foot warehouse will begin in the next two weeks in the AmeriPlex Business Park, officials of Atlanta-based developer Industrial Developments International said. They hope to complete construction in December.
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Celadon Group names new chief financial officer

April 30, 2012
Associated Press
Celadon Group Inc. announced Monday that it has named Eric Meek as executive vice president, chief financial officer and treasurer, effective immediately, as part of a succession-planning process.
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BrightPoint stock sinks on lower earnings report

April 27, 2012
Kathleen McLaughlin
BrightPoint Inc. stock fell as much as 12 percent early Friday morning following disappointing first-quarter earnings that prompted the company to lower its 2012 financial forecast.
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