Indianapolis Business Journal

DEC. 27, 2019-JAN. 2, 2020

There was no shortage of huge news stories in central Indiana this year—with Roger Penske’s purchase of the Indianapolis Motor Speedway, the launch of the Red Line and the closure of trucking giant Celadon. And that's just the top tier of events from 2019 that promise to have lasting impact on central Indiana. Years from now, we'll still be talking about game-changing acquisitions by corporate giants Eli Lilly and Co. and Elanco Animal Health, not to mention the deal cut by state legislators to fund renovations to Bankers Life Fieldhouse and build a soccer stadium for the Indy Eleven. We have an authoritative review of all the year's major business stories in the 2020 Book of Lists, which itself is an invaluable resource for the vital statistics of Indy-area business.

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2019 YEAR IN REVIEW: Celadon abruptly shuts down, wiping out nearly 4,000 jobs

The December announcement brought to a bitter close one of central Indiana’s great entrepreneurial success stories. Stephen Russell, the son of a New York City taxi driver, launched the business with a single truck in 1985 and grow it into the largest provider of international truckload services in North America, with more than 150,000 annual border crossings between the United States, Canada and Mexico.

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