A study by the Council of Supply Chain Management Professionals estimates that the trucking industry needs to hire 200,000 more drivers this year, but some driver-training schools locally say many potential students don’t have the $3,000-to-$5,000 or more for tuition.
Greenfield trucking company buys 794 trailers from Toronto-based Vitran Corp. for about $5 million to bolster operations.
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
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.
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.
The minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing
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.
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
Indianapolis is the new operating headquarters of a Ukrainian-American venture producing refrigeration units for semi trailers.
The move comes with the naming this spring of Thomas Roller as president and CEO of Ukram Industries. Roller is known locally
as former CEO of Indianapolis-based Norwood Promotional Products and of Fruehauf Trailer, which was based here in the 1990s.
Engineer Refaat "Ray" Kammel’s Anderson engineering firm has received a $2-million grant from the Indiana Department of Economic Development to start manufacturing a patented device that will help old trucks meet new federal emission standards.
Indianapolis truck dealer Utility-Peterbilt leased its first hybrid medium-duty truck this summer after enduring months of
tire-kicking but no action from fleet buyers and plenty of interest from television-news types.