FedEx to offer buyouts to U.S. employees as part of cost-cutting plans
The Memphis, Tennessee-based company did not say how many positions it wants to eliminate or from what locations. But its Indianapolis International Airport hub is part of the Express division that...
View ArticleFedEx shares plunge as gloomier forecast sows doubts on economy
The courier has cut its financial outlook just three months after raising it, reflecting an abrupt change in FedEx's view of the global economy.
View ArticleIndianapolis-based trucking firm Celadon Group switches auditors
The move comes as Celadon works through a host of accounting and financial issues that were first announced in May 2017.
View ArticleIBJ's most-read list of 2018 includes stories about Amazon, restaurants,...
A story that provided a behind-the-scenes glimpse at the region's efforts to lure Amazon's HQ2 to Indianapolis topped the list.
View ArticleDrowning in debt, FullBeauty Brands to file Chapter 11
The online retailer of plus-size women’s apparel with a deep history in Indianapolis and nearly half its workers here is attempting to extricate itself from a debt load of $1.3 billion.
View ArticleIndianapolis-based FitzMark acquires fast-growing local competitor
The acquisition creates a local logistics company with about 130 employees and annual revenue of about $145 million.
View ArticleAmazon aims to cut its carbon footprint
The online retail giant announced plans Monday to make half of all its shipments carbon neutral by 2030.
View ArticleBayer to close Mishawka logistics center, costing 200 jobs
The company said in a statement the closure would help it "reduce complexity, improve efficiency and enhance customer service."
View ArticleMD Logistics adds fourth warehouse in Plainfield
The third-party logistics company said it plans to increase its workforce by 50 full-time workers over the next five years.
View ArticleCeladon Group sells two subsidiaries for $139.5 million
The Indianapolis-based trucking company said the divestitures are part of its larger plan to streamline operations and reduce its debt load.
View ArticleRailroad operator revives effort to restore trains on Nickel Plate line
In its latest legal effort, U.S. Rail Holdings says the rail line that runs through Hamilton and Marion counties should be used for freight and passenger service. It is seeking a preliminary injunction...
View ArticleMD Logistics adds Plainfield warehouse
The Plainfield-based company said it spent $1 million on improvements to the 180,000-square-foot, temperature-controlled facility at 2370 Perry Road.
View ArticleContinuing to slim down and reduce debt, Celadon sells logistics division to...
As a result of the deal, Jon Russell, the son of Celadon co-founder Steve Russell, is expected to leave the company for a management position with the acquiring firm.
View ArticleAmazon planning delivery center in northern Indiana
The Amazon Logistics delivery center is expected to fill 84,200 square feet of leased space and employ 103 people.
View ArticleAmazon targets faster delivery in spending to invigorate growth
Amazon.com Inc. plans to spend $800 million in the current quarter to reduce delivery times for Prime customers to one day from two.
View ArticleCeladon Group makes fourth divestiture in past month
The Indianapolis-based trucking company announced Friday that it has sold its intermodal operations to Winnipeg, Manitoba-based Bison Transport.
View ArticleMoving-industry slowdown puts Wheaton on acquisition trail
Indianapolis-based Wheaton World Wide Moving is determined not just to survive, but to become an ever-larger player in the residential interstate moving industry.
View ArticleLogistics contract change in Plainfield to affect 436 workers
Ryder Integrated Logistics plans to terminate all workers at a Whirlpool distribution center in Plainfield in mid-July, but those employees aren’t likely to be without jobs for long.
View ArticleArea infrastructure projects land $55.5M in federal funding
The Indianapolis Metropolitan Planning Organization chose 28 area projects to receive funding. It received requests for 69 projects totaling $180 million.
View ArticleAmazon says drones will be making deliveries in 'months'
Amazon said its new drones use computer vision and machine learning to detect and avoid people or clotheslines in backyards when landing.
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