Indianapolis-based Celadon has become USA Truck’s seventh-largest investor with a $4.7 million purchase of shares. In a regulatory filing, the truckload carrier reported its interest in combining with its rival.
Thomasville, N.C.-based Old Dominion Freight Line said a $22 million investment will be used to upgrade its existing 122,340-square-foot facility on the southwest side.
Celadon Group Inc. put together its best fourth fiscal quarter since 2006, with earnings doubling over the same period a year ago, to $5.5 million.
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.
Indianapolis logistics firm Blue Ribbon Transport Inc. will invest $1 million to move into a larger headquarters, adding as many as 75 jobs over the next three years, economic development officials said Thursday morning.
Regulations aimed at stopping invasive species are too stiff.
The state nicknamed the "Crossroads of America" wants to become a preferred landing spot for cargo planes, but industry leaders say Indiana could have a tough time attracting flights from neighboring states because many airports are competing for the same business and freight companies are resistant to change.
Cincinnati-based Total Quality Logistics Inc., a national freight brokerage firm, plans to open a satellite office in Indianapolis in April.
Companies that act as brokers for trucking services are gaining favor with investors as the 20-month-old rebound shifts into a new phase that’s less dependent on inventory restocking.
The Indianapolis-based trucking company reported revenue of $133.1 million, up 4.6 percent from the same quarter of 2009. Profit rose to $2.9 million from $1 million.
A $70 million investment in a new distribution center by the North Carolina-based discount retailer is expected to create up to 350 jobs. The facility should be operational by spring 2012.
Some smaller airports have excess cargo capacity.
Greenfield trucking company buys 794 trailers from Toronto-based Vitran Corp. for about $5 million to bolster operations.
FitzMark Inc. relocates to space on Zionsville Road to accommodate growth, much of it resulting from the launch of an online subsidiary called FreightCity Inc.
First nonstop scheduled cargo flights from China are a milestone for Indianapolis International Airport and could attract companies that rely on ready access to Asia.
The Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter and profit of $4.4 million.
LDI Ltd. has acquired a majority position in Portland-based Oregon International Air Freight Co.
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.
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.
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.
