The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
Two former executives of Carmel-based Performance Marketing Group have launched Rapid Freight Solutions.
FedEx brass have been trying to counter legislation pending in Congress being pushed by arch rival United Parcel Service
and the Teamsters union.
A bottled water plant is expected to open in central Indiana next year, with the company planning to buy about 300,000 gallons
of municipal water daily.
On the menu of Indiana’s economic development initiatives, the logistics industry has had all the appeal of truck stop coffee.
Meanwhile, the information technology and life sciences sectors—and recently clean tech—have had everyone salivating. Logistics, however, is cooking up a new strategy.
In early April, the 110,000-square-foot Indianapolis distribution center of California-based medical-device supplier DJO Inc.
will quietly roll out a revolutionary automated package-handling system.
Conexus Indiana, an industry-driven advanced manufacturing and logistics initiative, is spearheading the development of a
strategic logistics plan.
Hampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they’re back on the
road to recovery.
State economic development leaders remain bullish on Indiana’s future as a logistics hub even as two local players have been
forced into bankruptcy and others struggle with high fuel prices.
Spiking diesel fuel prices have deflated trucking stocks and made road kill out of many a small motor carrier. It’s sweet
irony for anyone who’s worn a pinstriped cotton cap to work. The rising price of diesel is poised to invigorate a mode of
transportation that trucks nearly annihilated–the 40 freight railroads crisscrossing the state.
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.
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.
