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LEADING QUESTIONS: Trucking firm CEO leans into the pain
April 21, 2010
Mason King
Celadon 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.
Airport cargo-traffic rise could be sign of improving economy
April 20, 2010
Chris O'MalleyRetailers restocking lean inventories and more online purchases could be driving cargo uptick.
MoreLogistics study revisits old concerns
March 30, 2010
Chris O'MalleyThe two-year study by the Conexus Indiana Logistics Council Executive Committee involved 36 logistics executives statewide.
MoreTrucking firms shift gears to weather long downturn
March 20, 2010
Chris O'MalleyLogistics 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.
MoreConexus says infrastructure important to Great Lakes and Ohio River commerce is at risk
March 20, 2010
IBJ StaffMany of the locks controlling the key passageways date back 80 years and are failing.
MoreFedEx closely watching key legislation
March 12, 2010
Chris O'MalleyCongress may determine long-term fate of FedEx's Indianapolis cargo hub, where about 4,500 work.
MoreLogistics firm CEVA to lay off 250 workers in Plainfield
March 10, 2010
Jeff NewmanCEVA Logistics U.S. Inc. plans to permanently lay off nearly all of its workers at its warehouse operations in Plainfield,
resulting in the loss of more than 250 jobs.
MoreCeladon sees trouble ahead for trucking fleets
February 6, 2010
IBJ StaffThe Indianapolis trucking firm is not among the weaklings and, if anything, will benefit from additional
fleet
failures to the
extent it diminishes industry capacity.
MoreCeladon reports lower profit, higher revenue
January 25, 2010
Indianapolis trucking firm Celadon Group Inc. saw revenue rise to $127.2 million in its fiscal second quarter, although profit
fell to $1 million.
MorePickens' natural-gas plan may prove boon to truck builders
January 22, 2010
Bloomberg NewsConverting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T.
Boone Pickens says.
MoreGrocery distributor buys convenience store supplier
January 21, 2010
An Indianapolis-based grocery wholesaler has purchased the assets of a convenience store supplier in Danville, enabling it
to expand its number of customers to 800 in five states.
MoreFreight Masters files bankruptcy after losing business from Chrysler, Boeing
December 19, 2009
Chris O'MalleyThe minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing
business.
MorePlainfield's MD Logistics sued by Bristol-Myers over lost insulin
December 12, 2009
Chris O'MalleyTwo semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn't named in the lawsuit.
Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
MoreCeladon profit, revenue slides; shares to be listed on NYSE
October 28, 2009
IBJ StaffIndianapolis-based trucking company Celadon Group Inc. on Wednesday reported lower revenue and profit during its most recent
fiscal quarter, and also announced plans to list its shares on the New York Stock Exchange instead of the NASDAQ starting
Nov. 10.
MoreFirms line up to find new uses for old airport terminal, other properties
October 10, 2009
Chris O'MalleyThe 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.
MoreSisters start new trucking firm
September 26, 2009
IBJ StaffTwo former executives of Carmel-based Performance Marketing Group have launched Rapid Freight Solutions.
MoreFedEx trying to fend off reclassification of its workforce
September 19, 2009
IBJ StaffFedEx brass have been trying to counter legislation pending in Congress being pushed by arch rival United Parcel Service
and the Teamsters union.
MoreTop logistics execs draw road map for industry
May 4, 2009
Chris O'MalleyOn the menu of Indiana's economic development initiatives, the logistics industry has had all the appeal of truck stop coffee.
Meanwhile, the information technology and life sciences sectors—and recently clean tech—have had everyone salivating.
Logistics, however, is cooking up a new strategy.
MoreAutomation hitting new levels at distribution centers
February 9, 2009
Sam StallIn early April, the 110,000-square-foot Indianapolis distribution center of California-based medical-device supplier DJO Inc.
will quietly roll out a revolutionary automated package-handling system.
MoreDiesel dip in price not fueling trucking recovery
December 8, 2008
Scott OlsonHampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they're back on the
road to recovery.
MoreIndiana prepares roadmap to stay leader in logistics
December 8, 2008
Carol D'amicoConexus Indiana, an industry-driven advanced manufacturing and logistics initiative, is spearheading the development of a
strategic logistics plan.
MoreRecession squeezes local logistics industry
July 21, 2008
Peter SchnitzlerState economic development leaders remain bullish on Indiana's future as a logistics hub even as two local players have been
forced into bankruptcy and others struggle with high fuel prices.
MoreRising fuel costs may mean comeback for freight trains
June 9, 2008
Chris O'MalleySpiking diesel fuel prices have deflated trucking stocks and made road kill out of many a small motor carrier. It's sweet
irony for anyone who's worn a pinstriped cotton cap to work. The rising price of diesel is poised to invigorate a mode of
transportation that trucks nearly annihilated--the 40 freight railroads crisscrossing the state.
MoreCeladon tries to reverse decline
December 24, 2007
Chris O'MalleyIn just over one quarter, shares of Celadon Group lost nearly half their value as profitable cargo got harder to find in a
slowing economy. The stock closed at $9.13 on Dec. 19, down from nearly $17 in late August.
MoreFeds eliminate quirky price-fixing rule for interstate movers
November 26, 2007
Chris O'MalleyInterstate moving companies have operated for decades under industrywide price fixing blessed by the federal government. But
the system--one Tony Soprano and the boys in the back room of Bada Bing would love--will end Dec. 31, ushering in price cuts
and other changes that could affect the cost of a move.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.