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HIGHWAY to HEALTH: Trucking firm Celadon drives down costs with innovative wellness plan

February 4, 2008

Truck drivers are accustomed to logging lots of miles on their 18-wheelers, but on their sneakers? They are at locally based Celadon Group, thanks to its “Highway 2 Health” wellness program the trucking firm launched in 2006. Prodding employees to lead healthier lifestyles is a way to help cut escalating health care costs. It’s a challenging task for any corporation, particularly for transporters whose workers are strewn throughout the country hauling freight on America’s highways. Sitting behind a wheel for…

ATA cuts jobs, reviews scheduled-service strategy

January 29, 2008

ATA Airlines is eliminating 30 positions at its Indianapolis headquarters while its Georgia-based parent considers options for its scheduled service business-including selling it in part or whole. Steve Forsyth, spokesman for Peachtree City, Ga.-based Global Aero Logistics, confirmed the job cuts to IBJ today. The cuts are due partly to rising fuel prices and decreases […]

Slow economy throws Celadon profit into skid

January 23, 2008

Earnings of Celadon Group plunged 72 percent in the quarter ended Dec. 31, the Indianapolis-based trucking company reported yesterday, reflecting a continued downturn in the industry. Net income of $1.7 million was down from $6.1 million for the same quarter the previous year. Earnings per share fell to 8 cents, from 26 cents a year […]

Lawmakers call for advocate to support airline passenger ‘rights’

January 21, 2008

Northwest Airlines flight 1829–stranded on a Detroit taxiway for seven hours with lavatories overflowing and the 198 souls
aboard without food or water–has now landed at the Indiana General Assembly. Two Republican lawmakers have proposed creating
an “airline consumer advocate” to resolve disputes on behalf of passengers who’ve endured poor service.

Real estate exec with lavish lifestyle accused of $160M fraud

January 14, 2008

A high-flying Carmel businessman who moved his base of operations to Miami a couple of years ago is accused of burning through
$160 million of investors’ money in the collapse of his real estate empire.

EYE ON THE PIE: Indiana being stamped with wrong image

January 14, 2008

Blessed be our friends at the U.S. Postal Service. They do a great job of collecting and distributing the mail. They face strong competition from private carriers and from the Internet, but they continue to serve the public well. Then, too, USPS always looks for new ways to honor America and Americans through the issuance of new stamps. If a particular series catches on, they can make a pretty penny by selling stamps that are never used. That’s why USPS…

Celadon tries to reverse decline

December 24, 2007

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.

Towne turning truck drivers into contractors

December 19, 2007

Towne Air Freight LLC plans to offer about 200 of its truck drivers the chance to own their own rigs as the South Bend trucking firm follows an industry trend of outsourcing to contractors. At its Indianapolis terminal, 6430 Airway Drive near Indianapolis International Airport, about 35 drivers will receive the offer, said Jerry Scott, […]

eGix buyout sets up Bell battle

December 17, 2007

The fiercely competitive local telecommunications landscape should get even more heated, following Cincinnati Bell Inc.’s
$18 million acquisition of Carmel-based eGix Inc. eGix provides bundled voice and data services, as well as high-speed Internet
access and messaging products, to about 17,000 commercial customers.

Republic to buy back $100M of its shares

December 14, 2007

Republic Airways Holdings today announced plans to repurchase as much as $100 million of its common stock, a move that helps lift earnings per share for the company at a time merger rumors are swirling around its big airline customers. Republic shares late this morning were trading at $19.90, up 2.5 percent on the day. […]

Feds eliminate quirky price-fixing rule for interstate movers

November 26, 2007

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.

‘Mini meds’ latest medicine for rising health care costs: Employers begin to embrace limited-benefit plans

November 19, 2007

Two years ago, Indianapolis insurance broker Greg Wright started hawking an old kind of health insurance in a new way. He calls it a mini med. Others call it a limited-benefit health plan. It allows employers or their employees to pick coverage from a menu of items and receive insurance for only those items. If they don’t pick emergency room visits, for example, they’re not insured for them. It’s the kind of bare-bones benefits some retailers and restaurants, such as…

ATA parent shifts HQ to Georgia

November 5, 2007

The writing has been on the wall that Indianapolis might lose the headquarters for ATA Airlines and/or parent Global Aero
Logistics ever since April, when Global said it was buying Georgia-based World Air Holdings. Now, the writing is on paper:
Indianapolis has lost another headquarters.

Republic Airways profit hits turbulence

October 24, 2007

Rising expenses from adding new aircraft put a drag on third-quarter profit at Republic Airways Holdings, which fell 8 percent from the same time last year, to $20.2 million. Earnings per share fell slightly to 49 cents, from 50 cents for the same quarter last year, the Indianapolis-based carrier reported yesterday. The operator of regional […]

ATA shifts pilots out of Indianapolis

September 28, 2007

ATA Airlines Inc. has closed its Indianapolis pilot base and moved its 94 pilots out of the city, the Indianapolis-based carrier said yesterday. The relocation was carried out in accordance with the pilots’ collective bargaining agreement, said ATA spokeswoman Maya Wagle. No pilots were demoted or lost their jobs. The action is the latest in […]

Teamsters claim success in Indianapolis blitz

September 19, 2007

The International Brotherhood of Teamsters is trying to enlist local workers in its attempt to wrest representation of United Airlines mechanics from another union. A Teamsters organizer says the union contacted 350 former United mechanics in the Indianapolis area over the weekend to try to persuade them to go along with an effort to abandon […]

Relocation survey says: ‘Go [Mid]west,’ young executive: Companies are sending more of their employees to the region; overseas transfers are also on the increase

September 17, 2007

Midwestern cities are unlikely to top the list of vacationing hot spots, but they are a popular destination for relocating employees. That’s the consensus from the latest Corporate Relocation Survey conducted annually by Evansville-based Atlas World Group, whose largest subsidiary is Atlas Van Lines, the second-largest interstate motor carrier in the United States. The study revealed that nearly a third of firms, 29 percent, are sending more employees to the Midwest than any other part of the country. Surprisingly, the…

Post-bankruptcy turnaround not taking off for ATA

September 10, 2007

More than 18 months after flying out of a bankruptcy reorganization that unloaded $1 billion of debt and costly aircraft leases,
the parent of ATA Airlines still finds landing a profit elusive. Indianapolis-based Global Aero Logistics posted a loss of
$46.1 million in the first half of 2007, according to documents it filed with the Securities and Exchange Commission.

Evansville officials approve flights to Indianapolis

August 28, 2007

The Evansville-Vanderburgh Airport Authority yesterday approved commuter flights to Indianapolis through the Massachusetts carrier service Cape Air. When the flights start, possibly in October, they will be the first flights between the cities in two years. Tickets for the flights on the nine-passenger Cessna 420s are likely to be $85 to $125, according to the […]

Charity alliances in United Way’s shadow seek their share

August 27, 2007

Once a year, the CEO implores employees to sign pledge cards to the United Way. Local health and human services agencies that
benefit wait to redeem your tax-deductible gift. But others are preaching there’s another path to charitable-giving heaven.
Lesser-known federations continue to nip at the heels of the United Way establishment in the workplace.

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