Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/30/2013 1:30:00 PM Write a Letter to the Editor Write a letter to the Editor

Celadon Group’s Fiscal-Year Profit Improves

Tom Biery/Trans Pixs

Celadon Group said its fourth-quarter profit fell 20% from a year ago but rose for its fiscal year.

Net income for the quarter ended June 30 declined to $7.2 million, or 31 cents a share, from $9 million, or 39 cents, a year ago.

Revenue rose 3.2% to $162.6 million, Celadon said late Monday. Freight revenue excluding fuel surcharges rose 5.7% to $131.4 million.

For the year, net income rose 7.1% to $27.3 million, or $1.17 per share, from $25.5 million, or $1.12 per share, the previous year.

Revenue rose 2.4% to $613.6 million, and freight revenue excluding fuel surcharges increased 2.9% to $489 million.

Celadon’s average revenue per tractor per week rose $43, or 1.5%, to $2,941 in June from a year ago, while revenue per loaded mile increased to $1.59 from $1.55.

Its tractor fleet’s average age fell year-over-year to 1.4 years in June from 1.5 years, and its trailer fleet’s average declined to 2.2 years from 2.8 years.

Celadon Group, Indianapolis, is ranked No. 44 on the Transport Topics Top 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement