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FedEx closely watching key legislation

March 12, 2010
Chris O'Malley
Congress may determine long-term fate of FedEx's Indianapolis cargo hub, where about 4,500 work.

Local FedEx employees working more during holidays

December 21, 2009
 IBJ Staff and Associated Press
Many of the 5,000 employees at the FedEx Express hub at Indianapolis International Airport are benefiting from the holiday shipping rush by working longer hours.

Firms line up to find new uses for old airport terminal, other properties

October 10, 2009
Chris O'Malley
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.

FedEx trying to fend off reclassification of its workforce

September 19, 2009
 IBJ Staff
FedEx brass have been trying to counter legislation pending in Congress being pushed by arch rival United Parcel Service and the Teamsters union.

Expanded FedEx cargo hub not meeting expectationsRestricted Content

June 15, 2009
Chris O'Malley
Indianapolis International Airport, already suffering from a 10-percent drop in passenger traffic and a projected $15 million revenue shortfall this year, is also feeling financial drag from its single most important tenant. FedEx Express cargo shipments, which amount to about half of the $25 million in airfield fees generated at the airport, fell 16 percent in the first three months of this year vs. the same period last year.

Airport considering air cargo facilityRestricted Content

February 12, 2007
Chris O'Malley
Indianapolis airport officials are considering building a smaller version of FedEx's 2-million-square-foot hub here, one that could accommodate several cargo carriers from around the globe. The "international air cargo facility" could be up to several hundred thousand square feet large and could cost tens of millions of dollars to build.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.