Medco deal loses its luster
New Jersey-based Medco has hired just 430 workers in Whitestown—far short of its commitment of 1,400 by 2012—and its business trends suggest the company is shrinking, not growing.
Distribution & Logistics
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State manufacturing, logistics sectors score high marks
The grades were part of an annual report released Friday morning by Conexus Indiana, an industry group that is part of Central Indiana Corporate Partnership. A 4.6-percent increase in employment the past year helped the state’s manufacturing sector repeat its “A” grade.
DWYER: Hiring costs can be sliced when industry cooperates
Manufacturers and distributors often avoid existing training programs.
High fuel prices dog Republic Airways
Indianapolis-based Republic Airways Holdings Inc. has struggled in the transition from a contract-only airline to one that offers scheduled flights.
Medco may seek acquisition with biggest contract imperiled
Medco Health Solutions Inc., which operates a $140 million automated pharmacy and distribution center in Whitestown, has lost $3.5 billion in contracts since March.
Officials say bridge project can be changed
Officials who want to build two new bridges over the Ohio River and redo a downtown interchange announced Thursday that they've found ways to cut the cost of the project by more than $1 billion.
Electric vehicles gain traction in region
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
General Mills plans $36M distribution center
General Mills Inc. announced Tuesday it would spend $36 million in building the new distribution center in Fort Wayne and potentially add 65 jobs by the end of 2012.
INDOT seeks public input for state’s rail transportation plan
Freight and passenger rail are subject of long-range planning events.
Prices at gas pump painful for most Americans
In a poll about the cost of gasoline, 71 percent said rising prices will cause some hardship for them and their family, including 41 percent who called it a "serious" hardship.
Ener1 stock takes beating after Think write-down
The battery maker has been hurt by slow sales of electric car manufactured in Elkhart.
Is INDOT bypassing public on planning?
Groups that perennially press the Indiana Department of Transportation to broaden its vision of mobility beyond highways now accuse the agency of “significant ineptitude or willful disregard” in eliciting public input.
Best Buy closing Franklin warehouse; 301 jobs lost
The Minneapolis-based appliance and electronics retailer plans to close the facility by the end of March. Employees will be terminated in phases beginning in July.
State assesses impact of Bloomington vote on I-69
Indiana highway officials are trying to sort out the impact of a Bloomington-area group's decision not to include a section of the $3 billion Interstate 69 extension in its local highway plan.
City proposes stricter towing rules
A proposed ordinance would crack down on “predatory” towing practices by requiring tow-truck operators to adhere to several rules meant to protect consumers.
Brightpoint bringing 100 jobs to central Indiana
Brightpoint Inc. will add 100 jobs in Plainfield as it moves its Touchstone Wireless operations from Bristol, Tenn., the company announced late Tuesday afternoon.
Airport lands second valet service
CurbsideValet is on the north end of the terminal, along the departure-level curb.
HICKS: Gas prices explained by simple economics
Oil prices are affected by the demand for petroleum products, the available supply of oil, the value of the currency in which it is denominated, and uncertainty about future supply or demand.
Toyota plants to raise production in June
Toyota Motor Corp. says North American production will rise to 70 percent of normal in June as the company begins to recover from parts shortages caused by the earthquake in Japan.
Amazon plans another area warehouse, more jobs
Amazon.com plans to open a third large distribution center in central Indiana this summer that will employ hundreds of workers, the company said Monday morning.