Government, Business, Logistics, Top 100

Celadon Reaches Deal to Sell Taylor Express for $14.5 Million

Taylor Express truck Taylor Express via Facebook

An agreement has been reached to sell the last remaining operating trucking company, Taylor Express, that is part of the now-bankrupt Celadon Group of Indianapolis.

Dan Ronan | Associate News Editor
January 24, 2020
Government, Business, Top 100

Bankruptcy Judge OKs Plan to Keep Celadon’s Taylor Express Operating

A Taylor Express truck Taylor Express is based in Hope Mills, N.C. (Taylor Express)

Celadon Group has been authorized by a bankruptcy court to spend $1.2 million before Jan. 3, 2020, to maintain operations for Hope Mills, N.C.-based Taylor Express Inc. — the last of its operating units that is still in business — while it pursues a sale of the company.

Dan Ronan | Associate News Editor
December 16, 2019
Government, Business

Industry Leaders: Celadon Drivers, Others Recently Laid Off Likely to Find Work

layoffs In the first nine months of 2019, according to Broughton Capital, 795 trucking firms shut down, more than in all of 2018 when 310 companies shut their doors. (Chalirmpoj Pimpisarn/Getty Images)

Recent headlines concerning the trucking industry’s economy have been somewhat foreboding, but industry leaders are optimistic workers laid off can find new jobs.

Dan Ronan | Associate News Editor
December 12, 2019
Government, Business

Celadon Group Top 10 Unsecured Creditors

Here are the top unsecured creditors that are not company employees listed in Celadon’s bankruptcy petition.

Eric Miller | Senior Reporter
December 12, 2019
Government, Business, Breaking News, Top 100

Celadon Files for Bankruptcy, Shuts Down

Celadon trucks Bloomberg News

Celadon Group Inc. is filing for bankruptcy and shutting down immediately amid falling freight rates and the effects of penalties levied by the U.S. Department of Justice for settlement of securities fraud charges brought against prior management.

Dan Ronan | Associate News Editor
December 9, 2019
Government, Business, Top 100

Two Former Celadon Executives Charged in Fraud Scheme

Celadon headquarters John Sommers II for Transport Topics

The Securities and Exchange Commission and federal prosecutors on Dec. 5 charged two former top executives of Indianapolis-based trucking company Celadon Group Inc. for their participation in an accounting fraud in 2016 and 2017 that allegedly inflated the company’s income and earnings per share.

Eric Miller | Senior Reporter
December 5, 2019
Business, Top 100

Celadon Gets $165 Million Infusion From Luminus Management

Celadon receives big investment from Luminus Management. (Alan Petersime/Bloomberg News)

An investor that helped Celadon Group Inc. refinance its debt has acquired nearly half of the company through a $165 million deal that the motor carrier said will help it move forward with its turnaround plans.

Jim Stinson | Staff Reporter
August 15, 2019
Business, Equipment

Class 8 Orders in July Sink to Lowest Level Since 2010

Trucks on a lot John Sommers II for Transport Topics

Class 8 orders were down to their lowest level since 2010 in July, according to preliminary numbers from ACT Research.

Jim Stinson | Staff Reporter
August 5, 2019
Business, Technology, Top 100

Fleets Transitioning to New Management as Industry Prepares for the Road Ahead

Ben McLean and John Ruan III Ruan CEO Ben McLean (center) and Chairman John Ruan III meet with drivers and other employees in La Vergne, Tenn. McLean is part of a new generation of leaders taking the reins at major trucking firms. (Ruan Transportation Management Systems)

As the trucking industry enters a new age, fleets increasingly are turning to a new generation of leaders.

Daniel P. Bearth | Senior Staff Writer
June 24, 2019
Business, Logistics, Top 100

Celadon Group Sells Intermodal Operations to Bison Transport

Celadon truck on highway John Sommers II for Transport Topics

Celadon Group Inc. sold its North American container-on-flatcar intermodal operations to Bison Transport of Winnipeg, Manitoba, according to an April 26 press release.

April 29, 2019