UPS To Build New $260 Million Facility In Indiana

United Parcel Service Inc. said it will create 575 new full-time equivalent jobs in Indiana with the building of a new $260 million package processing facility in Plainfield, and with improvements to existing buildings in Castleton. The package delivery giant said a portion of the new 893,000-square-foot facility will open this fall. "Central Indiana is a logistics gateway for efficient transportation networks that enhance UPS reliability and service," said Kevin Church, president of UPS's Ohio Valley District. The stock, which was still inactive in premarket trade, has lost 5.0% year to date, while the Dow Jones Transportation Average has gained 3.8% and the S&P 500 has climbed 8.5%.