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Celadon 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.
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Pickens' natural-gas plan may prove boon to truck builders

January 22, 2010
Bloomberg News
Converting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T. Boone Pickens says.
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Grocery 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.
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Freight Masters files bankruptcy after losing business from Chrysler, BoeingRestricted Content

December 19, 2009
Chris O'Malley
The minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing business.
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Plainfield's MD Logistics sued by Bristol-Myers over lost insulinRestricted Content

December 12, 2009
Chris O'Malley
Two 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.
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Celadon profit, revenue slides; shares to be listed on NYSE

October 28, 2009
 IBJ Staff
Indianapolis-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.
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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.
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Sisters start new trucking firm

September 26, 2009
 IBJ Staff
Two former executives of Carmel-based Performance Marketing Group have launched Rapid Freight Solutions.
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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.
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Top logistics execs draw road map for industryRestricted Content

May 4, 2009
Chris O'Malley
On 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.
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Automation hitting new levels at distribution centersRestricted Content

February 9, 2009
Sam Stall
In 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.
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Diesel dip in price not fueling trucking recoveryRestricted Content

December 8, 2008
Scott Olson
Hampered 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.
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Indiana prepares roadmap to stay leader in logisticsRestricted Content

December 8, 2008
Carol D'amico
Conexus Indiana, an industry-driven advanced manufacturing and logistics initiative, is spearheading the development of a strategic logistics plan.
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Recession squeezes local logistics industryRestricted Content

July 21, 2008
Peter Schnitzler
State 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.
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Rising fuel costs may mean comeback for freight trainsRestricted Content

June 9, 2008
Chris O'Malley
Spiking 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.
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Celadon tries to reverse declineRestricted Content

December 24, 2007
Chris O'Malley
In 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.
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Feds eliminate quirky price-fixing rule for interstate moversRestricted Content

November 26, 2007
Chris O'Malley
Interstate 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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  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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