Celadon beats expectations with quarterly results
Celadon Group Inc. saw a jump in revenue and a decline in profit in the fiscal third quarter, but both results matched or exceeded analysts' predictions.
Celadon Group Inc. saw a jump in revenue and a decline in profit in the fiscal third quarter, but both results matched or exceeded analysts' predictions.
Steve Russell started Celadon Group Inc. in 1985 and built it into one of the most-recognized trucking companies in the country, as well as one of the largest public companies in Indianapolis.
Three former truckers are suing Celadon and seeking class-action status for “thousands” of drivers, claiming the company violated state and federal laws by hiring them as independent contractors.
Publicly traded Celadon Group Inc. has had its headquarters at East 33rd Street and Mitthoeffer Road in Indianapolis since 1996. The company is looking elsewhere because that 40-acre site has no room for expansion and is landlocked.
Celadon CEO Paul Will said quarterly earnings were hurt by $1.2 million in expenses related to the company’s acquisition of Tango Transport during the quarter.
Indianapolis-based Celadon Group Inc. provides long-haul, regional, local, intermodal, temperature-controlled, flatbed and expedited freight services across the United States, Canada and Mexico.
Indianapolis-based trucking company Celadon Group Inc. topped Wall Street expectations with big increases in quarterly revenue and profit.
Celadon Group Inc. sold a portfolio of semi tractors and their associated leases for $13.6 million to a joint venture controlled by a private-equity firm, Indianapolis-based Celadon announced late Friday.
Indianapolis-based Celadon Group Inc. has acquired the truckload business assets of Tango Transport LLC, a Shreveport, Louisiana-based transportation company, Celadon announced Wednesday night.
Stephen Russell is relinquishing a role he’s had at Celadon Group since he founded the company in 1985. CEO Paul Will and COO Eric Meek received promotions.
Celadon Group Inc. saw a 28-percent jump in revenue in its fiscal fourth quarter, the Indianapolis-based trucking company said Wednesday.
Indianapolis firm continues to grow its fleet, revenue.
Celadon Group Inc. saw a huge jump in profit in its latest quarter as revenue surged, the Indianapolis trucking company said Tuesday.
Thirty-four-year old Eric Meek has risen from farm kid to executive vice president and chief operating officer of Celadon Group Inc.
A Marion County judge in December said Celadon Group Inc.’s practice of withholding part of its fuel savings from its owner/operator drivers breaches the terms of its agreement with 2,262 current and former drivers.
Average driver wages may rise as much as 6 percent in 2014, said Kenny Vieth, president of Columbus, Indiana-based Americas Commercial Transportation Research Co.
Celadon Group Inc. on Wednesday afternoon reported surging profit and revenue in its latest quarter, but its performance fell short of analyst expectations.
Profit shot up for some, while others fought setbacks.
Celadon CEO Paul Will said severe winter weather took its toll on the trucking company’s quarterly financial results.
The Indianapolis-based trucking firm plans to establish a foothold in the Canadian rail industry by acquiring N. Yanke Transfer Ltd., which posted $90 million in revenue in 2012.