Judge Approves Payout Plan to Former Celadon Employees
A federal bankruptcy judge in Wilmington, Del., on Jan. 3 gave approval for Celadon Group Inc. to pay $4.6 million to drivers and other employees who were expecting paychecks from the company, which on Dec. 9 shut down and entered bankruptcy.January 7, 2020
Federal Judge Approves First Stage of Celadon Bankruptcy Plan
Celadon Group on Dec. 10 appeared in a federal bankruptcy court in Wilmington, Del., the day after it announced plans to file for Chapter 11 bankruptcy and wind down its operations under the weight of huge debt obligations and a weakening trucking market.December 12, 2019
Celadon ‘Didn’t Get the Time’ It Needed, Analyst Says
A Wall Street analyst who tracks Celadon Group said a lack of time and weakness in the trucking sector contributed to the company’s decision to file for bankruptcy and close its doors.December 10, 2019
Celadon Vows ‘Back to Basics’ as Stock Nears Delisting
The leaders of beleaguered carrier Celadon Group said they were focused on “getting back to basics” after a year of turmoil and an inevitable delisting of its stock by the New York Stock Exchange.
Celadon’s Dave Chesterman Named Transport Topics Recruiter of the Year
NASHVILLE, Tenn. — Dave Chesterman, vice president of recruiting for Celadon Group Inc., was named Transport Topics’ Recruiting Professional of the Year at the 2018 Recruitment & Retention Conference Feb. 23.
Celadon Sells Assets of Flatbed Division to PS Logistics
Celadon Group is getting out of the flatbed business, striking a deal to sell all of the assets of its flatbed division to PS Logistics in Birmingham, Ala., company officials announced Sept. 18.September 18, 2017
Celadon’s New Management Brings In Turnaround Specialists
Celadon Group Inc. is undergoing managerial changes as it faces the results of a third audit to see whether it overvalued hundreds of used trucks.July 18, 2017
Celadon Chairman, CEO Paul Will Steps Down
Paul Will, a 24-year executive with truckload carrier Celadon Group Inc., will be replaced as chairman and CEO on July 24.
Most Truckload Carriers Expect to Report Lower Earnings in Second Quarter
The truckload industry continued to struggle in the second quarter and earnings are expected to be down year-over-year for most carriers, based on forecasts from industry analysts and interviews with several fleets.
Celadon to Record Impairment Charge in Review of Company’s Value
Celadon will record a goodwill impairment charge up to $62.4 million before taxes as part of a review into the company’s value after questions arose about how it valued used trucks transferred to a joint venture last year.