Distribution Company Details Evansville Layoffs

Tennessee-based Averitt Express Inc. has announced plans to lay off more than 60 employees in Evansville. The company says the move is due to its contract to provide truck driving, switchers and related services out of Shoe Carnival's (Nasdaq: SCVL) distribution center in Evansville not being renewed.... Read More

Full-Year Profit Rises for Cummins

Columbus-based Cummins Inc. (NYSE: CMI) is reporting full-year net income of $2.1 billion in 2021, compared to $1.8 billion the previous year. Chief Executive Officer Tom Linebarger says strong economic recovery combined with high demand for the company's products resulted in record full year revenues last year.... Read More

Dovetail Brands Acquires Grabill Cabinets

Fort Wayne-based Dovetail Brands, an affiliate of Ambassador Enterprises, has acquired Grabill Cabinets in Allen County. While financial terms of the deal were not disclosed, Dovetail says former Grabill owners David Carnahan and Martin Heiny will continue in leadership roles.... Read More

CEO: Ports of Indiana Numbers Reflect Recovery

he chief executive officer of the Ports of Indiana says the positive year-end report for the state's three ports is representative of Indiana's recovering economy. The port authority this week announced more than 11 million tons of cargo were handled at the port in 2021.... Read More

Ports of Indiana Marks Increasing Shipment Totals

The Ports of Indiana says the state's three ports handled more than 11.2 million tons of cargo in 2021, which is a nearly 34% increase from the previous year. Additionally, the ports in Burns Harbor and Jeffersonville set new records for their highest annual shipment totals.... Read More

Fort Wayne Manufacturer Acquired

Fort Wayne-based investment management company SOLV Holdings says it has acquired a majority stake in another Fort Wayne company. Financial terms of the deal for advanced metal fabricator and contract manufacturer QuikCut Inc. were not disclosed.... Read More

Dreyer’s Adding Jobs, Raising Starting Wage

Dreyer's Grand Ice Cream is once again growing in northeast Indiana. The company says it is looking to hire an additional 100 employees at its Fort Wayne facility as it also plans to increase its starting hourly wage to at least $20 an hour.... Read More

Thor Industries Forms Partnership With TechNexus

Elkhart-based Thor Industries (NYSE: THO) has formed a partnership with TechNexus Venture Collaborative in Chicago. Thor says the partnership will identify and engage an "ecosystem of entrepreneurs" and startups that will connect with the RV manufacturer to help drive its initiatives.... Read More

Allison Partners with California VC Firm

Indianapolis-based Allison Transmission Inc. (NYSE: ALSN) has announced a $15 million investment in Autotech Ventures, a venture capital firm in Silicon Valley. Allison says the partnership will provide the company with direct exposure to startups, VC expertise and high-tech companies in the transportation industry.... Read More

Amazon Adding Franklin Sorting Center

Amazon (Nasdaq: AMZN) is adding to its footprint in Johnson County. The e-commerce giant is planning to open a 510,000-square-foot sorting center in Franklin later this year and create hundreds of jobs.... Read More

Cannabinoid Products Maker Expanding in Carmel

Carmel-based 3C Labs LLC is looking to grow its central Indiana operations. The cannabinoid research and manufacturing company plans to invest $1.5 million to expand its three offices in Carmel and Indianapolis and create 270 jobs by the end of 2023.... Read More

Noble County to Open Industry 4.0 Lab

The Noble County Economic Development Corp. has joined with several partners to launch what it is calling a state-of-the-art learning lab to support the fourth industrial revolution. The EDC says the Industry 4.0 Lab will help students and adults learn the necessary skills to adapt to new technologies being used in the manufacturing sector.... Read More

Hurco Swings to Full-Year Profit Amid Challenges

Indianapolis-based Hurco Companies Inc. (Nasdaq: HURC) is reporting fiscal full-year net income of $6.8 million, compared to a net loss of $6.2 million the previous year. Chief Executive Officer Greg Volovic says the CNC machine manufacturer has rebounded well from challenges caused by the pandemic.... Read More

Grant to Fund Accelerator in Lafayette

Greater Lafayette Commerce says it plans to use a nearly $5 million grant from the Indiana Department of Education to create a new accelerator program. The nonprofit economic and workforce development organization says the program is designed to help students overcome hurdles caused by the pandemic and graduate from high school ready for a career and continued education.... Read More

Cook Medical Hits Contractor Diversity Goal for Indy Plant

Bloomington-based Cook Medical has achieved a key goal in its effort to build a $15 million manufacturing plant on the northeast side of Indianapolis. Our partners at the Indianapolis Business Journal report the facility is being built with 100% minority-owned contractors and subcontractors.... Read More

Wabash, Purdue Partner on R&D

Lafayette-based manufacturer Wabash (NYSE: WNC) has inked a five-year research and development partnership with Purdue University. The company, which produces a variety of trailers, truck bodies and related components, says the goal to accelerate efforts to bring innovative products to market.... Read More

MD Logistics Co-Founder Dies

Plainfield-based MD Logistics is mourning the loss of one of its co-founders. Mark Sell, who had previously served as the company's chief executive officer and was most recently its executive advisor, has died after a brief battle with cancer.... Read More