Trucking industry on a bumpy road post-pandemic
The economic effects of the pandemic created boom times for trucking—but the industry has hit an extended bumpy patch since then, with no consensus as to when conditions will smooth out.
Susan Orr
Articles
AgriNovus report details agbioscience sector growth opportunities
The AgriNovus Indiana report quantifies agbiosciences as contributing $22.7 billion to the state’s gross domestic product. It also identifies several key areas of opportunity for growth in this sector.
Honest Abe Auto Sales to pay customer restitution in deceptive advertising settlement
The Indiana attorney general’s office said Sycamore Cos., which operates four used car dealerships under the Honest Abe name, deceived customers about the true cost of financing a vehicle purchase.
AI expert Tia White rounds out Rally conference keynote lineup
Amazon Web Services executive White joins a speaker lineup that includes Alex Rodriguez and Marcus Lemonis.
Indianapolis-based IT firm plans major expansion, adopts new name
Indianapolis-based information technology firm Sondhi Solutions has rebranded as Exos Cos. and plans to add 250 new employees by the end of 2028.
Indy-based AnalytiXIN launches effort to spur tech-focused conversations
AnalytiXIN is a collaborative effort between major Indiana corporations, industry groups and academic institutions to share information on data sciences, including digital, AI and advanced analytic capabilities.
Biden administration awards $325M to upgrade Indiana plants for EV components production
The grants to Cummins and Stellantis are among $1.7 billion in funding the Energy Department announced Thursday morning.
Fishers-based Vibenomics signs national deal with Lowe’s
Fishers-based Vibenomics has signed a deal with home improvement retailer Lowe’s, which is using Vibenomics digital advertising technology in its more than 1,700 stores nationwide.
Financial firm with central Indiana ties faces FBI investigation, civil lawsuits
Capstone Capital Management LLC is also facing multiple civil suits filed by investors who say they were deceived by Capstone and lost money as a result.
HR-tech firm UKG eliminating 2,200 jobs, including some in Indianapolis
UKG informed employees earlier this week that it was cutting about 14% of its workforce so the company could “aggressively focus on critical areas of growth.”
Elevate Ventures announces finalists for $1 million IN-Prize pitch contest
For this year’s contest, 10 of the 25 finalists are Indiana-based startups. In last year’s contest, only two finalists were based here.
Indianapolis tech startup Arrive calls off planned merger
Smart-mailbox startup Arrive AI, which in December announced plans to merge with Canada-based Brüush Oral Care Inc. and become a public company, says it has called off the deal.
Tech-powered initiative aims to boost Black-owned firms
A group of Indianapolis-based organizations has come together to create Indy Biz Pass, which the organizations describe as a first-of-its-kind network designed to support local Black-owned businesses.
New High Alpha startup, Luster, offers AI-powered sales training
Luster, which launched out of Indianapolis-based venture studio High Alpha, offers a software platform that creates custom training sessions for salespeople. The company had its public debut this week and already has landed a few paying customers.
Broad Ripple-based PR firm Blastmedia acquired by Boston firm
Blastmedia, a public relations firm which serves business-to-business software companies, is now doing business as PANBlast, a division of PAN Communications. All 40 Blastmedia employees have remained with the company, PAN announced Thursday.
Cummins plans to ‘streamline’ operations, cut jobs after 2023 buyouts
A company spokeswoman told IBJ that the new workforce reductions are related to Destination Zero—the company’s previously announced goal of achieving zero emissions by 2050.
Investors eyeing opportunities in accounting firms
As technology and other factors transform the accounting industry, a growing number of firms are turning to private equity investments to help them keep up with the pace of change.
Local tech exec R.J. Talyor launches marketing startup with $2M in seed funding
Talyor is the CEO and one of the four locally based co-founders of Backstroke, which uses generative artificial intelligence to create customized marketing emails at scale
Former Indianapolis-area insurance broker sentenced to prison for $4M Ponzi scheme
Former insurance broker Brian Simms perpetrated the fraud through his company, Brendanwood Financial Brokerage LLC in Carmel.
Carmel-based CNO extends title sponsorship of Indianapolis Monumental Marathon
CNO Financial first signed on as title sponsor of the Indianapolis Monumental Marathon in 2016.