Celadon sees lower profit, but more business
Revenue rose 14 percent in the latest quarter, but operating expenses were up significantly due to acquisitions, dragging down earnings.
Celadon
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Celadon using free training to fight driver shortage
The trucking firm launched its in-house truck-driving school a year ago to boost the supply of drivers and, executives hope, cut down on turnover, which is 98 percent per year at the company, mirroring the industry average.
Transportation, warehousing catch tailwind
Indiana’s transportation and warehousing industry employs more people now than before the recession, and observers think its growth will continue to outpace the nation’s.
Celadon to pay $18.5M settlement over fatal crash
The Indianapolis-based trucking firm has agreed to pay $18.5 million to the families of two men who died in a multiple-vehicle accident involving a Celadon truck driver in northwest Indiana in February 2011.
Celadon shares rise on better-than-expected results
Celadon Group Inc.’s earnings fell 20 percent in its latest quarter, but revenue spiked and overall results topped analyst expectations.
Trucking firms brace for impact of new driver-rest rules
New U.S. safety regulations requiring truckers to work shorter shifts may cut productivity, worsen a driver shortage and boost freight costs for the $8.4 trillion in goods hauled each year by American big rigs.
Celadon acquires Canadian trucking company
Hyndman Transport Limited, based in Wroxeter, Ontario, operates about 175 tractors and brought in roughly $48 million in revenue in 2012.
Celadon’s profit, revenue slide in latest quarter
Celadon CEO Paul Will noted that the latest quarter had two fewer business days than the previous year's period and was hampered by heavy winter storms.
Celadon says new driver-training facility to create 500 jobs
The Indianapolis-based trucking firm first announced plans for the driver-education center in January, but has since expanded the project and employment projections while seeking state incentives.
Celadon, state plan major jobs announcement
Indianapolis-based trucking carrier Celadon Group Inc. and the state are set to make an announcement Tuesday morning “regarding hundreds of new jobs.” A source familiar with the deal said the announcement involves a previously announced driver education center.
Celadon reports higher quarterly profit, revenue
The Indianapolis-based trucking company said profit increased to $7.4 million in the fourth quarter due to higher freight revenue and lower operating expenses.
New Celadon CEO sharpening management
New Celadon Group CEO Paul Will wants to increase productivity at the trucking firm, not just through more sophisticated customer-relationship and tracking software, but also by improving the acumen of the company’s nearly 4,000 employees.
Celadon receives incentives for $5.2M driving training center
The Indianapolis-based trucking carrier plans to build a $5.25 million driver-training center and add 182 jobs as part of its latest expansion at its east-side corporate campus.
Celadon snaps up two more trucking companies
The Indianapolis-based company's Celadon Trucking Services subsidiary has agreed to acquire Warren-based Rock Leasing Inc. in northeast Indiana and Wadley, Ala.-based Kelly Logistics Inc.
Celadon plans $5.2M driver training center, 182 new jobs
Indianapolis-based trucking carrier Celadon Group Inc. plans to build a $5.25 million driver-training center and add 182 workers to its 633-employee local work force by 2016.
Celadon Group’s quarterly profit jumps 50 percent
Indianapolis-based trucking company Celadon Group said fiscal first-quarter profit rose to $8.3 million due to higher freight revenue and lower operating expenses.
PROXY CORNER: Celadon Group Inc.
Indianapolis-based Celadon Group Inc. is a trucking company that provides long-haul, full-truckload freight service through Canada, the United States and Mexico.
Celadon shares jump along with earnings expectations
The Indianapolis trucking company expects its quarterly earnings to beat analysts’ consensus forecast and last year's results, thanks to acquisitions and cost controls. Shares were up 9 percent at 1 p.m.
Celadon reports big jump in earnings on higher revenue
The Indianapolis-based trucking firm on Monday said earnings rose 63 percent, to $9 million, in the fiscal fourth quarter. Quarterly revenue rose 4 percent, to $157.5 million.
Mexican big rigs shun border, imperiling trucking deal
A cross-border trucking pact that ended a 17-year trade dispute between the U.S. and Mexico last year may unravel unless more Mexican big rigs start crossing the border. Failure of the program could have an impact on trucking firms like Indianapolis-based Celadon Group Inc.