celadon

Business

Former Celadon President May Purchase Company’s Subsidiary

Although Celadon Group Inc. President Eric Meek resigned April 28, he’ll remain tied to the truckload carrier for a while longer, according to a filing with the Securities and Exchange Commission.

May 19, 2017
Business

Celadon to Get Outside Audit to Review Used Truck Valuations

John Sommers II for Transport Topics

Financial auditors at accounting firm BKD have withdrawn their support of Celadon Group Inc.’s financial statements for the past three fiscal quarters due to a disagreement on the value of used trucks, according to the truckload carrier.

Ari Ashe | Staff Reporter
May 8, 2017
Business

Celadon's Financial Statements Called Into Question

Alan Petersime/Bloomberg News

Auditors at BKD have withdrawn their support of Celadon Group Inc.’s financial statements for the last three fiscal quarters because the trucking company didn’t produce sufficient documents on the value of used trucks, according to a letter in a filing with the Securities and Exchange Commission.

Ari Ashe | Staff Reporter
May 2, 2017
Business

Celadon Posts Net Loss After Adverse Court Ruling

Alan Petersime/Bloomberg News

Celadon Group Inc. lost money in the final three months of 2016, after the company filed an amended earnings report with an additional $4.6 million to cover a class-action lawsuit.

February 13, 2017
Business

Celadon Delays Earnings Report Due to Lawsuit

Alan Petersime/Bloomberg News

Celadon Group Inc. will delay filing a quarterly earnings report with the Securities and Exchange Commission because of a court ruling against the trucking company.

February 10, 2017
Business

Celadon Group Gets Tax Breaks to Relocate in Indiana

Celadon Group will receive nearly $3 million in state tax breaks to move its headquarters to a larger site just east of Indianapolis under an arrangement that the trucking company will hire 375 employees over the next seven years, according to a recent filing with the Indiana Economic Development Corp.

Ari Ashe | Staff Reporter
January 20, 2017
Business

Celadon Logistics Opens Sales Office in Ohio

Celadon Logistics, a subsidiary of Celadon Group Inc., has opened a sales office near Columbus, Ohio.

November 21, 2016
Business

Celadon Group Net Income Plummets, Hurt by Weaker Equipment Sale Gains

John Sommers II for TT

Celadon Group Inc. fiscal fourth-quarter earnings plummeted 87% to $1.62 million, or 6 cents per share, hurt by a precipitous drop in gains on equipment dispositions, claims costs, higher expenses and the weak freight market that put a lid on efforts to raise rates.

September 2, 2016
Business

Celadon Upgrades FleetWire Mobile App

Alan Petersime/Bloomberg News

Truckload carrier Celadon Group announced it has added several new features to its FleetWire mobile app to offer a better experience to its drivers.

August 22, 2016
Business

VIDEO: Celadon’s Will Fondly Remembers Russell’s Life, Push to Improve Driver Health

Stephen Russell (left), Paul Will

Paul Will, chairman and CEO of Celadon Group, spoke with Transport Topics about the lasting impact company founder Stephen Russell has had on the company.

Neil Abt | Editorial Director
May 16, 2016

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