Celadon Reports Increased 2Q Profit
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The company said it increased earnings by improving its freight mix and revenue yield.
ruckload carrier Celadon Group late Wednesday reported it earned $4.3 million or 42 cents a share in its fourth fiscal-year quarter ended June 30, up from $2.4 million or 26 cents in last year’s fourth quarter.
Indianapolis-based Celadon said its revenue rose nearly 10% to $117 million.
For the full fiscal year ended June 30, Celadon said it earned $12.6 million, or $1.23 per share.
Celadon is ranked No. 55 on the Transport Topics 100 list of the largest U.S. and Canadian for-hire carriers.
