Celadon’s quarterly profit, revenue improve
The Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter and profit of $4.4 million.
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Lacy company takes stake in Oregon logistics firm
LDI Ltd. has acquired a majority position in Portland-based Oregon International Air Freight Co.
Celadon reports higher quarterly, fiscal-year profit
CEO Steve Russell attributed the improved earnings to a recovering freight environment, coupled with a decrease in
competition. Celadon also is benefiting from increased trade with Mexico.
Celadon reports quarterly profit on higher revenue
The Indianapolis-based trucking company saw profit rise to $400,000 in its third quarter from a $2.1 million loss in the same
period
last year.
LEADING QUESTIONS: Trucking firm CEO leans into the pain
Celadon CEO Stephen Russell faced a treacherous patch of highway when fuel prices spiked and the recession drove the
trucking industry into an economic Death Valley. In IBJ's new video feature on leadership issues, Russell explains
how advice from his dentist helped pave the way to recovery.
Airport cargo-traffic rise could be sign of improving economy
Retailers restocking lean inventories and more online purchases could be driving cargo uptick.
Logistics study revisits old concerns
The two-year study by the Conexus Indiana Logistics Council Executive Committee involved 36 logistics executives statewide.
Trucking firms shift gears to weather long downturn
Logistics companies have found the last few years an unparalleled challenge. If it wasn’t higher fuel prices, it was softening
business in key sectors, such as the automotive industry. Fewer goods to move created overcapacity and softened rates.
Conexus says infrastructure important to Great Lakes and Ohio River commerce is at risk
Many of the locks controlling the key passageways date back 80 years and are failing.
FedEx closely watching key legislation
Congress may determine long-term fate of FedEx’s Indianapolis cargo hub, where about 4,500 work.
Logistics firm CEVA to lay off 250 workers in Plainfield
CEVA Logistics U.S. Inc. plans to permanently lay off nearly all of its workers at its warehouse operations in Plainfield,
resulting in the loss of more than 250 jobs.
Celadon sees trouble ahead for trucking fleets
The Indianapolis trucking firm is not among the weaklings and, if anything, will benefit from additional fleet
failures to the
extent it diminishes industry capacity.
Lawmakers OK bill regulating radioactive material
The bill would require the state’s Homeland Security agency to issue a permit for the transportation of radioactive materials
within Indiana.
Celadon reports lower profit, higher revenue
Indianapolis trucking firm Celadon Group Inc. saw revenue rise to $127.2 million in its fiscal second quarter, although profit
fell to $1 million.
Pickens’ natural-gas plan may prove boon to truck builders
Converting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T. Boone Pickens says.
Grocery distributor buys convenience store supplier
An Indianapolis-based grocery wholesaler has purchased the assets of a convenience store supplier in Danville, enabling it
to expand its number of customers to 800 in five states.
Freight Masters files bankruptcy after losing business from Chrysler, Boeing
The minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing
business.
Plainfield’s MD Logistics sued by Bristol-Myers over lost insulin
Two semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn’t named in the lawsuit.
Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
Carp, shipping and a lawsuit
A lawsuit aimed at stopping invasive carp from reaching Lake Michigan could bring some forms of shipping to a grinding halt.
Celadon profit, revenue slides; shares to be listed on NYSE
Indianapolis-based trucking company Celadon Group Inc. on Wednesday reported lower revenue and profit during its most recent
fiscal quarter, and also announced plans to list its shares on the New York Stock Exchange instead of the NASDAQ starting
Nov. 10.