Shipping
Mexican big rigs shun border, imperiling trucking deal
May 24, 2012
Bloomberg NewsA 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.
MoreCeladon Group names new chief financial officer
April 30, 2012
Associated PressCeladon 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.
MoreGrowing distributor to expand into Greenwood
April 24, 2012
Kathleen McLaughlinA 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.
MoreAirport wants more nonstop flights
April 20, 2012
Chris O'MalleyIts focus will include trying to attract flights from Indianapolis International to San Francisco, San Diego and Seattle.
MoreAmazon 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.
MoreDespite high jobless rate, trucking firms fight driver shortage
March 21, 2012
Bloomberg NewsTrucking 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.
MoreEEOC charges Celadon with discrimination
March 1, 2012
Scott OlsonThe agency claims the Indianapolis trucking firm subjected job applicants to medical exams and failed to hire qualified driving
candidates because of disabilities. Celadon CEO Steve Russell denies wrongdoing.
MoreWheaton acquiring residential mover Bekins
February 11, 2012
Chris O'MalleyWheaton World Wide Moving is buying the nation’s oldest and one of its largest household movers, Bekins Van Lines. The
deal is expected to bring 38 jobs to Wheaton’s northeast-side headquarters.
MoreCargolux adding third weekly European cargo flight
January 13, 2012
Chris O'MalleyInternational flights for Roche Diagnostics from Indianapolis International Airport expand city's export capacity, bolster
airport's cargo ambitions.
MoreFedEx launches Indianapolis-Mexico route
November 26, 2011
Chris O'MalleyGovernment OKs cargo flights to Guadalajara industrial hub.
MoreUpstart Indianapolis logistics firm plans to add 73 jobs
November 9, 2011
IBJ StaffTwo-year-old Spot Freight says it expects to reach $30 million in revenue next year.
MoreCeladon snub obscures other purchases
October 29, 2011
Chris O'MalleyCeladon Group has swallowed, whole or in part, nine trucking firms in as many years. But the acquisition momentum lurched
to a halt late this month like a semi stopped by a runaway-truck ramp when it was rebuffed by Arkansas-based USA Truck. Since
then, Celadon hasn’t signaled its next move.
MoreQuarterly profit surges for trucking firm Celadon Group
October 27, 2011
IBJ StaffCeladon Group Inc.’s first-quarter profit grew nearly 23 percent, to $5.4 million, or 24 cents a share, on revenue of
$141.5 million.
MoreRival trucking firm not interested in Celadon merger
October 24, 2011
Cory SchoutenUSA Truck Inc. has turned down a meeting with Indianapolis-based trucking rival and investor Celadon Group Inc. to discuss
a possible merger.
MoreCeladon proposes merger with rival USA Truck
October 11, 2011
IBJ Staff and Bloomberg NewsIndianapolis-based Celadon has become USA Truck's seventh-largest investor with a $4.7 million purchase of shares. In a regulatory
filing, the truckload carrier reported its interest in combining with its rival.
MoreFreight carrier plans to expand, add 183 local jobs
August 17, 2011
Thomasville, N.C.-based Old Dominion Freight Line said a $22 million investment will be used to upgrade its existing 122,340-square-foot
facility on the southwest side.
MoreCeladon reports best 4th quarter in 5 years
July 28, 2011
IBJ StaffCeladon Group Inc. put together its best fourth fiscal quarter since 2006, with earnings doubling over the same period a year
ago, to $5.5 million.
MoreAmazon plans another area warehouse, more jobs
May 9, 2011
IBJ Staff and Associated PressAmazon.com plans to open a third large distribution center in central Indiana this summer that will employ hundreds of workers,
the company said Monday morning.
MoreBlue Ribbon Transport plans move, new jobs
April 14, 2011
IBJ StaffIndianapolis logistics firm Blue Ribbon Transport Inc. will invest $1 million to move into a larger headquarters, adding as
many as 75 jobs over the next three years, economic development officials said Thursday morning.
MoreHOLT: New York threatens to ballast Indiana exports
April 2, 2011
David HoltRegulations aimed at stopping invasive species are too stiff.
MoreIndiana seeks to become player in cargo flights
March 27, 2011
Associated PressThe state nicknamed the "Crossroads of America" wants to become a preferred landing spot for cargo planes, but industry
leaders say Indiana could have a tough time attracting flights from neighboring states because many airports are competing
for the same business and freight companies are resistant to change.
MoreFreight brokerage plans local office, 50 jobs
March 15, 2011
IBJ StaffCincinnati-based Total Quality Logistics Inc., a national freight brokerage firm, plans to open a satellite office in Indianapolis
in April.
MoreTruck stocks signal economic growth
February 24, 2011
Bloomberg NewsCompanies that act as brokers for trucking services are gaining favor with investors as the 20-month-old rebound shifts into
a new phase that’s less dependent on inventory restocking.
MoreCeladon sees quarterly rise in profit, revenue
January 25, 2011
IBJ StaffThe Indianapolis-based trucking company reported revenue of $133.1 million, up 4.6 percent from the same quarter of 2009.
Profit rose to $2.9 million from $1 million.
MoreFamily Dollar plans 350 jobs in northeast Indiana
January 19, 2011
Scott OlsonA $70 million investment in a new distribution center by the North Carolina-based discount retailer is expected to create
up to 350 jobs. The facility should be operational by spring 2012.
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Great article Anthony. Glad IMS is finally being run like a business and not a personal check book to finance the "Vision".
Things are looking up but 15 years of scorched earth won't be fixed overnight. Unfortunately the TV ratings are still poor and that won't change anytime soon with the brilliant 10 year contract signed under the former regime.
Brett not sure why you wonder what he said in his quote. "''I would like to jump in a time machine, go back to 1995, and tell the owners and Tony George not to split,'' Franchitti said. ''As soon as my time machine is done, I know where I'm going.''"
Pretty clear, he would love to go back and tell TG and the team owners not to split.
I am not sure there is anyone who wanted the split, and I don't think there is anyone who would not like to go back and prevent the split. But, as has been discussed ad nauseum, without the split carts management by team owners would have run all of ow racing into bankruptcy. If cart had such a wonderful product, then losing IMS would not have forced it into bankruptcy. If NASCAR lost Daytona or Charlotte, it would not fail like cart did.
Truth,
So you predicted that cart would go into bankruptcy and cease to exist while Indycar would continue on? I missed that prediction.
I want to live in a city that has a garage structure to be proud of for it's innovating design!
Well written Anthony. I think the toughest thing for the Hulmans and true of any family company is that reality was getting more complex than could be handled by the family. Almost any family owned business must realize that or die. Tough decisions, but ones that had to be made.
I don't like the wall signage, but in this era of sports marketing it is almost required. Many folks cringed at advertising at Assembly Hall and Hinkle fieldhouse, but times and finances change.
Thanks also for reminding us the other blue chip sponsors IMS has picked up.
Not to mention how it would improve the view from the offices of the AUL building. Do you remember when Circle Center had a contest for the best roof design after the mall was completed? Great opportunity here...