Fishers-based Arrive AI files paperwork to go public
Arrive AI, which has developed a “smart mailbox” system for human and drone deliveries, intends to go public via a direct listing on the Nasdaq Global Market.
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FTC sues largest wine and spirits distributor, saying it discriminates against smaller stores
Southern Glazer’s Wine and Spirits distributes one out of every three bottles of wine and spirits in the U.S. and serves commercial customers such as Total Wine, Costco and Kroger.
Indianapolis courier company acquired by Minnesota logistics firm
Leaders of Indianapolis-based Now Courier expect company growth to continue following the acquisition by Minneapolis-based Priority Courier Experts.
Q&A with entrepreneur and investor John Thompson: ‘I’m a portfolio guy’
John Thompson is currently invested in a handful of companies, including Metaimpact, MakeMyMove and Scale Computing, all based in Indianapolis, and Spokenote, which is based in Fishers.
Yamaha Marine completes relocation to Greenfield
The company, which makes stainless steel boat propellers for Yamaha’s outboard engines, invested $20 million to add 110,000 square feet to the facility.
Many retailers offer ‘returnless refunds,’ but they don’t talk much about it
Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products.
High Alpha makes first investment out of new $125M fund
Founded in 2009, Paccurate is a parcel intelligence platform that helps businesses pack their shipments more efficiently, saving up to 15% on transportation costs and reducing their carbon footprints.
Online retail company plans $47M distribution center in Greenfield
Online retail company Crecera Brands LLC stands to receive $2.3 million in state tax credits if it constructs its distribution center as planned and creates 208 jobs.
Mail carriers reach tentative pact with Postal Service that includes raises, new trucks
Letter carriers have been working without a new contract since their old one expired in May 2023. Since then they have continued working under the terms of the old contract.
Copeland to close Greenfield distribution center
Copeland Corp. said the move will result in the termination of 75 workers in mid-January.
Amazon says new technology in delivery vans will help sort packages and save time
Amazon expects to put 1,000 delivery vans that contain the Vision-Assisted Package Retrieval technology on the road by early next year.
Dockworkers’ union to suspend strike until Jan. 15 to allow time to negotiate
The agreement affects about 45,000 striking U.S. dockworkers at 36 ports stretching from Maine to Texas that handle about half the cargo from ships coming into and out of the United States.
President could invoke 1947 law to suspend dockworkers’ strike
Some manufacturers and retailers are urging President Joe Biden to stop a strike by 45,000 dockworkers that has shut down 36 U.S. ports. Biden has said, though, that he won’t intervene.
Dockworkers at ports from Maine to Texas go on strike, a standoff risking new shortages
If it goes more than a few weeks, a work stoppage would significantly snarl the nation’s supply chain, potentially leading to higher prices and delays in goods reaching households and businesses.
Retailers brace for potential pain from a longshoremen’s strike
If roughly 45,000 U.S. longshoremen make good on their threat to strike beginning Tuesday, they could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the United States.
Amazon boosts warehouse worker pay by at least $1.50 an hour
Employees will start receiving Prime, Amazon’s speedy shipping and video subscription service, as part of their compensation beginning early next year, the company said.
Biden cracks down on loophole that enables tariff-free imports by Temu, Shein
Importers mainly from China have used the de minimis exemption for shipments of $800 or less to flood the U.S. market.
Postal Service’s squeeze on shipping consolidators could raise consumer costs
The U.S. Postal Service said Wednesday that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.
Carmel-based EnVista’s co-founders square off in court
Jim Barnes and John Stitz built the Carmel-based supply-chain technology consultancy from a two-man startup to a company with $113 million in revenue and hundreds of employees. Barnes has now filed a lawsuit against Stitz.
Postal Service considers rural mail slowdown in plan to save $3B per year
Allowing marginally slower service to rural areas, which often drag down on-time rates, could improve the agency’s delivery metrics, experts say.