Distribution & Logistics

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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Celadon reports higher quarterly profit, revenue

April 24, 2012
 IBJ Staff
Celadon Group Inc. saw higher revenue and profit in its latest fiscal quarter, the Indianapolis-based trucking firm announced Tuesday night.
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Growing distributor to expand into Greenwood

April 24, 2012
Kathleen McLaughlin
A distribution company that specializes in handling food for retailers has outgrown its Plainfield space and plans to take up another 400,000 square feet in Greenwood. Prime Distribution estimates it would add 35 employees by 2016.
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Airport wants more nonstop flights

April 20, 2012
Chris O'Malley
Its focus will include trying to attract flights from Indianapolis International to San Francisco, San Diego and Seattle.
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Manufacturer plans distribution center in Plainfield

April 17, 2012
 IBJ Staff
Wisconsin-based Regal Beloit Corp. has hired Browning/Duke Realty to build a 376,000-square-foot distribution center in Plainfield, the company announced Tuesday.
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Amazon plans another Indiana warehouse, 1,000 jobs

March 27, 2012
The online retailer said it will open a new warehouse in Jeffersonville and create up to 1,050 jobs by 2015 as part of a $150 million investment. The distribution facility would be the company's fifth in Indiana.
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Entrepreneurs see early success with new liqueurRestricted Content

March 24, 2012
Andrea Muirragui Davis
Blue MF is a vodka-and-rum-based liqueur concocted by three Indiana University fraternity brothers turned entrepreneurs. Their firm, Indianapolis-based More Fun Liqueur, launched its signature drink in October and now is seeking investors to help fund expansion.
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Despite high jobless rate, trucking firms fight driver shortage

March 21, 2012
Bloomberg News
Trucking companies, including Indianapolis-based Celadon Group Inc., are struggling to find qualified drivers even as the U.S. unemployment rate remains at the highest level in almost 30 years.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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