Charities caught in Celadon founder’s estate dispute
Several local not-for-profit and community groups are caught in a family dispute over the $31 million estate of Stephen Russell, the Celadon Group Inc. co-founder who died last year at age 76.
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Former Celadon exec plans to acquire company’s startup subsidiary
Eric Meek, who resigned as Celadon’s president and chief operating officer last month, is involved with plans to purchase Celadon subsidiary Prosair Technologies.
BEHIND THE NEWS: Inside the issues that grounded Celadon
The trucking company's financial statements became decidedly more opaque after October 2015, when it set up an off-balance-sheet truck-leasing joint venture in which management held ownership.
Celadon in danger of delisting by NYSE because of reporting failures
The delinquency occurred when Celadon’s auditor, BKD LLP, withdrew its reports on the trucking company’s financial statements for the periods ending June 30, Sept. 30 and Dec. 31 of 2016.
Celadon execs avoid live questions in brief conference call
The troubled Indianapolis-based trucking company conducted a conference call Wednesday to answer questions about its latest accounting issues, but the call lasted 18 minutes and investors didn’t get to talk.
Celadon shares plummet after company admits to accounting woes
Shares in the Indianapolis-based trucking company dropped as much as 67 percent Tuesday morning. At least 16 law firms say they have filed lawsuits against the company or are investigating doing so.
Celadon replaces president as financial challenges, questions mount
The Indianapolis-based trucking company is dealing with auditing issues, liquidity challenges and scrutiny from its lenders. It expects to report a $10 million quarterly loss.
New food transport rules could boost big trucking firms most
Indianapolis-based Celadon Group Inc. is banking that a new federal food safety rule will help it take a bite out of its competition—in part because smaller carriers won’t be able to afford to comply.
Lawsuit alleges SEC investigation, financial cover-up at Celadon
The plaintiff says he was harmed financially because he purchased Celadon stock at “artificially inflated prices.” The company’s shares declined after allegations of misleading statements and a federal probe.
Trump’s trade rhetoric casts uncertainty over Indiana exporters
Changes in trade policy would reverberate across Indiana, given its status in a new Brookings Institution study as the most export-dependent state in the country.
UPDATE: State appeals court upholds Marion County ruling against Celadon
The Indiana Court of Appeals upheld a 2014 decision ordering Celadon to pay more than $4 million to a group of drivers in a dispute over fuel costs.
Celadon’s profit, revenue fall, but beat expectations
Indianapolis-based trucking company Celadon Group Inc. on Wednesday announced quarterly financial results that topped analyst predictions.
Celadon planning to add 375 jobs as part of expansion
The Indianapolis-based trucking and logistics company, which is building a $28 million corporate campus in Hancock County, has been approved for almost $3 million in state economic incentives.
PROXY CORNER: Celadon Group Inc.
Indianapolis-based Celadon Group Inc. is one of North America’s largest trucking companies. It also offers related services, including warehousing, logistics and tractor leasing.
Celadon takes quarterly loss amid ‘lackluster freight volumes’
Celadon Group Inc. shares tumbled Thursday morning, a day after the Indianapolis-based trucking company reported a loss of $2.9 million, or 10 cents per share, in its latest quarter.
Beaten-up trucking firm sees rebound on horizon
Economic conditions have meant a bumpy ride for trucking companies, but Indianapolis-based Celadon says it’s buckled in for the long haul.
Celadon Group reports big drop in profit amid ‘challenging’ conditions
The trucking company had a profit of $1.6 million in the fiscal fourth quarter, down almost 87 percent from the $12 million it made in the same quarter a year ago.
Sides in Russell estate case seeking settlement
The children of late Celadon Group Inc. co-founder Steve Russell and his second wife have been waging a court battle over his $31 million estate.
Children of trucking exec challenge will, claim wife orchestrated changes
The three children of the late Celadon Group cofounder Steve Russell filed a will contest Wednesday alleging his second wife boosted her inheritance from his $31 million estate by taking advantage of his dementia.
Driverless future ahead for trucking?
Automated trucks initially will have drivers on board in case something goes wrong, a similar model to the one employed by airlines (pilots’ role in the cockpit is mostly precautionary since planes can run on autopilot).