The approval comes nearly one year after IAA entered into a contract with aviation planning consultants, Landrum & Brown. The plan developed by Landrum & Brown (L&B) includes IAA's property in and near the international airport as well as its five general aviation facilities in the greater Indianapolis area.
The plan identifies seven development zones at Indianapolis International, with 50 distinct development sites. By 2040, when the development is expected to be complete, revenue projections range from $30 to $63 million annually.
'Right now, one of our top priorities is Zone 2 and development of air cargo facilities such as a multi-tenant, climate-controlled building where planes would taxi inside to offload time- and temperature-sensitive products. Refrigerated trucks could be loaded from a dock area and then hit the interstate for distribution,' said John D. Clark, IAA's executive director and chief executive officer, in a statement.
By 2040, a projected 1.7 million metric tons of cargo will be handled at the airport, up from about 900,000 metric tons in 2009. The bulk of this growth will be led by FedEx for an annual growth rate of 1.7 to 2.7 percent.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now