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Celadon proposes merger with rival USA Truck

October 11, 2011
 IBJ Staff and Bloomberg News
Indianapolis-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.
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Freight 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.
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Celadon reports best 4th quarter in 5 years

July 28, 2011
 IBJ Staff
Celadon 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.
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Amazon plans another area warehouse, more jobs

May 9, 2011
 IBJ Staff and Associated Press
Amazon.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.
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Blue Ribbon Transport plans move, new jobs

April 14, 2011
 IBJ Staff
Indianapolis 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.
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HOLT: New York threatens to ballast Indiana exports

April 2, 2011
David Holt
Regulations aimed at stopping invasive species are too stiff.
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Indiana seeks to become player in cargo flights

March 27, 2011
Associated Press
The 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.
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Freight brokerage plans local office, 50 jobs

March 15, 2011
 IBJ Staff
Cincinnati-based Total Quality Logistics Inc., a national freight brokerage firm, plans to open a satellite office in Indianapolis in April.
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Truck stocks signal economic growth

February 24, 2011
Bloomberg News
Companies 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.
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Celadon sees quarterly rise in profit, revenue

January 25, 2011
 IBJ Staff
The 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.
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Family Dollar plans 350 jobs in northeast Indiana

January 19, 2011
Scott Olson
A $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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HOLT: Regional airports can fuel economic development

December 4, 2010
David Holt
Some smaller airports have excess cargo capacity.
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Online Transport buys Frontier assets from Toronto firm

December 1, 2010
Greenfield trucking company buys 794 trailers from Toronto-based Vitran Corp. for about $5 million to bolster operations.
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Logistics provider moves to city’s northwest side

November 30, 2010
FitzMark Inc. relocates to space on Zionsville Road to accommodate growth, much of it resulting from the launch of an online subsidiary called FreightCity Inc.
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FedEx launches nonstop flights from China to Indy

November 16, 2010
Chris O'Malley
First nonstop scheduled cargo flights from China are a milestone for Indianapolis International Airport and could attract companies that rely on ready access to Asia.
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Celadon's quarterly profit, revenue improve

October 26, 2010
 IBJ Staff
The Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter and profit of $4.4 million.
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Lacy company takes stake in Oregon logistics firm

September 18, 2010
 IBJ Staff
LDI Ltd. has acquired a majority position in Portland-based Oregon International Air Freight Co.
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Celadon reports higher quarterly, fiscal-year profit

August 2, 2010
CEO Steve Russell attributed the improved earnings to a recovering freight environment, coupled with a decrease in competition. Celadon also is benefiting from increased trade with Mexico.
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Celadon reports quarterly profit on higher revenue

April 27, 2010
The Indianapolis-based trucking company saw profit rise to $400,000 in its third quarter from a $2.1 million loss in the same period last year.
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LEADING QUESTIONS: Trucking firm CEO leans into the pain

April 21, 2010
Mason King
Russell_WatchVideoCeladon CEO Stephen Russell faced a treacherous patch of highway when fuel prices spiked and the recession drove the trucking industry into an economic Death Valley. In IBJ's new video feature on leadership issues, Russell explains how advice from his dentist helped pave the way to recovery.
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Airport cargo-traffic rise could be sign of improving economy

April 20, 2010
Chris O'Malley
Retailers restocking lean inventories and more online purchases could be driving cargo uptick.
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Logistics study revisits old concerns

March 30, 2010
Chris O'Malley
The two-year study by the Conexus Indiana Logistics Council Executive Committee involved 36 logistics executives statewide.
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Trucking firms shift gears to weather long downturnRestricted Content

March 20, 2010
Chris O'Malley
Logistics companies have found the last few years an unparalleled challenge. If it wasn't higher fuel prices, it was softening business in key sectors, such as the automotive industry. Fewer goods to move created overcapacity and softened rates.
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Conexus says infrastructure important to Great Lakes and Ohio River commerce is at risk

March 20, 2010
 IBJ Staff
Many of the locks controlling the key passageways date back 80 years and are failing.
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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.
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  1. On my rental property, before tax caps, I was paying $2,000/yr in property taxes. After the tax caps I'm paying $4,000/yr. How exactly am I "benefiting the most"?

  2. Nick, I too tried that new Walmart NM on Michigan a couple of weeks ago. I had the same feeling, it had good prices, but something was just off about it. I can't put my finger on what it is, but it just didn't feel right. On the plus side, it was easy to get in and out of and much less busy than a typical Walmart.

  3. @Young Hoosier - you might want to check out the Paris skyline again....it's decidedly taller than 7-8 stories http://all-that-is-interesting.com/paris-skyline-photo

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  5. So the GOP legislature passed a bill that gave big breaks to business at the expense of Indiana families. Color us not surprised.

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