Government, Business

Judge Approves Payout Plan to Former Celadon Employees

Celadon John Sommers II for Transport Topics

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.

Dan Ronan | Associate News Editor
January 7, 2020
Government, Business

Federal Judge Approves First Stage of Celadon Bankruptcy Plan

Celadon John Sommers II for Transport Topics

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.

Dan Ronan | Associate News Editor
December 12, 2019

Celadon ‘Didn’t Get the Time’ It Needed, Analyst Says

Celadon Celadon headquarters in Indianapolis. (John Sommers II for Transport Topics)

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. 

Dan Ronan | Associate News Editor
December 10, 2019

Celadon Vows ‘Back to Basics’ as Stock Nears Delisting

Celadon Joel Wittman

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.

Burney Simpson | Staff Reporter
April 3, 2018

Celadon’s Dave Chesterman Named Transport Topics Recruiter of the Year

Dave Chesterman and Sue Hensley Chesterman (left) and Hensley by John Sommers II for Transport Topics

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.

Eleanor Lamb | Staff Reporter
February 23, 2018
Business, Equipment, Logistics

Celadon Sells Assets of Flatbed Division to PS Logistics

John Sommers II for TT

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 Steps Down as Celadon Chairman, CEO Will by John Sommers II for Transport Topics

Paul Will, a 24-year executive with truckload carrier Celadon Group Inc., will be replaced as chairman and CEO on July 24.

Jonathan S. Reiskin | Associate News Editor
July 13, 2017

Most Truckload Carriers Expect to Report Lower Earnings in Second Quarter

Kottke Trucking

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.

Ari Ashe | Staff Reporter
July 7, 2017

Celadon to Record Impairment Charge in Review of Company’s Value

John Sommers II for Transport Topics

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.

Ari Ashe | Staff Reporter
July 3, 2017