Transportation, Distribution & Logistics

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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I-465 bridge in Indianapolis reopens after blast

October 25, 2009
Associated Press
The left eastbound lane over the eastbound bridge and the Interstate 69 southbound ramp to I-465 southbound will remain closed through midweek as crews continue repair work.
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Public transportation entities in Indianapolis region might be reorganizedRestricted Content

October 24, 2009
Chris O'Malley
The Central Indiana Regional Transportation Authority, IndyGo and other Indianapolis-area transit groups are the subject of a study that could result in them being reorganized.
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Gas City dealer offers electric versions of Cadillacs, HummersRestricted Content

October 24, 2009
Chris O'Malley
Of all the inappropriate postmarks for the largest distributor of plug-in electric vehicles in Indiana, Gas City, about an hour north of Indianapolis, takes the prize. But Steve Mitchell, proprietor of Electric Cars and Carts, figures he’s in the right place as far as business prospects go. Despite a stalled economy, Mitchell’s electric vehicle sales are up 35 percent over the same month last year.
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Stretch of I-465 westbound reopens, several ramps still closed

October 23, 2009
The westbound lane of Interstate 465 reopened Friday afternoon on the city's northeast side following the tanker explosion Thursday that closed parts of the expressway in both directions.
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I-69 reopens; I-465 still closed following explosion

October 22, 2009
 IBJ Staff and Associated Press
Indiana State Police are cautioning motorists to steer clear of Interstates 465 and 69 on the northeast side of the city this evening following a propane tanker explosion that closed the roadways.
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Huge truck explosion clogs north-side traffic

October 22, 2009
 IBJ Staff and Associated Press
A liquid propane tanker exploded on a highway ramp Thursday morning, closing Interstates 69 and 465 on the north side of Indianapolis. According to initial TV reports, the closure could be long term due to structural damage caused by the explosion.
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Water bottler buys Plainfield distribution building

October 21, 2009
Cory Schouten
A California water bottler has purchased a Plainfield distribution building for its first Midwestern outpost.
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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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Remy unveils 'off the shelf' electric motor

October 6, 2009
Chris O'Malley
Pendleton-based Remy International today formally unveiled its 'off the shelf' electric motors for hybrid vehicles.
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Logistics firm expanding headquarters in Greenwood

October 6, 2009
Greenwood-based Avram Worldwide said today that it will expand its headquarters and distribution operations in the city, and plans to create 78 jobs by 2013.
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SEC fines former CFO of American Commercial Lines

October 3, 2009
 IBJ Staff
Christopher A. Black, a former investment banker in Indianapolis and former chief financial officer of Jeffersonville-based river barge transportation firm American Commercial Lines Inc., has agreed to pay a $25,000 fine to settle a Securities and Exchange Commission investigation.
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City becomes hub of 'cryo-cooling' for truck trailers

October 1, 2009
Chris O'Malley
Indianapolis is the new operating headquarters of a Ukrainian-American venture producing refrigeration units for semi trailers. The move comes with the naming this spring of Thomas Roller as president and CEO of Ukram Industries. Roller is known locally as former CEO of Indianapolis-based Norwood Promotional Products and of Fruehauf Trailer, which was based here in the 1990s.
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Carmel company plans to expand, add employees

September 28, 2009
Dealer Services Corp. announced Monday morning that it plans to create up to 60 jobs by the end of 2012 and invest $6.4 million in its Carmel headquarters.
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Pennsylvania city not giving up Harley without a fightRestricted Content

September 26, 2009
Kathleen McLaughlin
The motorcycle manufacturer is considering a Shelby County site at the same time that it's pushing for concessions from the union in York, Pa.
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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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IndyGo ends commuter bus route from Greenwood

September 22, 2009
 IBJ Staff
Due to low ridership, the IndyGo Commuter Express route from Greenwood to downtown Indianapolis will end Dec. 1.
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Is Indianapolis big enough for 'car sharing' concept?Restricted Content

September 19, 2009
Chris O'Malley
An urban advocacy group is trying to bring a big-city concept to Indianapolis: car sharing. People for Urban Progress cites environmental benefits as well as cost savings for urban dwellers who might find it practical to ditch their seldom-used vehicles.
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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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Airport considering privatizing parking operations

September 18, 2009
Scott Olson
The Indianapolis Airport Authority agreed at its monthly meeting this morning to explore turning over management of the airport’s parking operations to an outside company.
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Commission OKs Ameriplex, Rexnord tax abatements

September 16, 2009
Scott Olson
The Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for a mammoth development known as World Connect at AmeriPlex.
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Airport memo: Republic could bring 750 jobs to Indianapolis

September 15, 2009
Chris O'Malley
Locally based Republic Airways Holdings, which earlier this month said it could move up to 400 jobs gained through its Frontier Airlines acquisition to Indianapolis or Milwaukee, has hinted it may move nearly twice that number to its headquarters city.
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Adesa parent takes first step to becoming public company

September 15, 2009
Scott Olson
KAR Holdings Inc., parent of the Carmel-based auto-auction firm Adesa Inc., has announced its intentions to become a publicly traded company. KAR filed its registration statement for the initial public offering yesterday with the Securities and Exchange Commission.
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After comeback, former United maintenance facility faces challengesRestricted Content

September 12, 2009
Chris O'Malley
The mammoth facility near Indianapolis International Airport now employs as many people as it did when United Airlines abandoned it six years ago, but its new tenants are contending with struggles of their own.
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Airport looking for college students to serve as greeters

September 12, 2009
 IBJ Staff
Indianapolis International Airport is looking for a new class of “airport ambassadors,” those helpful volunteers in the red vests who help passengers and visitors get their bearings.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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