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Trucking
Trucking industry upswing may draw investors to Allison IPO
April 2, 2011
Kathleen McLaughlinAllison Transmission is not a household name like Google or General Motors, but it won’t lack an audience for its planned
$750 million initial public offering.
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.
MoreTrucking firms need drivers; students can't afford training
January 22, 2011
Chris O'MalleyA study by the Council of Supply Chain Management Professionals estimates that the trucking industry needs to hire 200,000
more drivers this year, but some driver-training schools locally say many potential students don’t have the $3,000-to-$5,000
or more for tuition.
MoreOnline 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.
MoreCeladon's quarterly profit, revenue improve
October 26, 2010
IBJ StaffThe Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter and profit of $4.4
million.
MoreCeladon 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.
MoreCeladon 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.
MoreLEADING 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.
Logistics 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.
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.
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.
MoreCity becomes hub of 'cryo-cooling' for truck trailers
October 1, 2009
Chris O'MalleyIndianapolis 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.
MoreSisters start new trucking firm
September 26, 2009
IBJ StaffTwo former executives of Carmel-based Performance Marketing Group have launched Rapid Freight Solutions.
MoreAnderson firm aims to clean up diesel emissions
September 17, 2009
Kathleen McLaughlinEngineer Refaat "Ray" Kammel's Anderson engineering firm has received a $2-million grant from the Indiana
Department of Economic Development to start manufacturing a patented device that will help old trucks meet
new federal emission standards.
MoreLocal truck dealer strikes deal for big daddy of hybrids
September 9, 2009
Chris O'MalleyIndianapolis truck dealer Utility-Peterbilt leased its first hybrid medium-duty truck this summer after enduring months of
tire-kicking but no action from fleet buyers and plenty of interest from television-news types.
MoreCeladon manages profit amid tough conditions
August 11, 2009
IBJ StaffIndianapolis-based Celadon Inc. said yesterday that it eked out a small profit in its fiscal fourth quarter, as the struggling
economy continues to batter the trucking industry.
MoreHamilton County businesses expand
December 15, 2008
Despite the recession, Hamilton County continues to enjoy economic growth from both old companies and new ones.
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.
MoreLet's use old terminal for distribution hub
November 10, 2008
Brian WilliamsThe city should organize a public-private partnership to create a multi-modal distribution community at the site of the former
Indianapolis Airport terminal.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
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.