After three years of acquisitions, Celadon is selling its truck leasing portfolio for 600 tractors to Element Financial for $53 million, reducing debt and paving a route to greater expansion.
25 Mar 2014
When it came to expansion, the 25 largest truckload carriers idled their engines last year, increasing their combined revenue by just 0.6 percent to $25.6 billion. The growth they did enjoy came largely from acquisitions, a trend expected to continue in 2014 as truckload demand rises.
31 Jan 2014
Celadon Group reported its net income in the second quarter of fiscal year 2014, ending June 30, 2014, was $5.1 million, plummeting 30.5 percent year-over-year from $7.4 million...
02 Jan 2014
CRST International started 2014 by acquiring BESL Transfer, a flatbed trucking company in Cincinnati. Terms of the transaction were not disclosed.
18 Nov 2013
Celadon Group has entered into an agreement to acquire selected assets of N. Yanke Transfer Limited...
13 Nov 2013
The Journal of Commerce Truckload Capacity Index rose unexpectedly in the third quarter to a four-year high, but that doesn’t mean more tractor-trailers rolled onto highways and up to shipper docks. Instead, the leap in the index reflects a gathering concentration of capacity at the top of trucking’s food chain, as larger motor carriers acquire and absorb smaller companies to secure drivers, equipment and freight revenue.
30 Oct 2013
Celadon Group reported its net income plummeted 20.5 percent to $6.6 million in the first quarter of fiscal year 2014, which ended Sept. 30, 2013, from $8.3 million in the same period last year.
30 Jul 2013
Celadon Group reported its net income decreased 20.0 percent to $7.2 million in the fourth quarter of fiscal year 2013, ending June 30, 2013, from $9.0 million in the same quarter last year.
23 May 2013
Celadon Trucking Services, part of Celadon Group, has agreed to acquire Hyndman Transport, based in Wroxeter, Ontario.
26 Apr 2013
Celadon Group reported net income in the third quarter of fiscal year 2013, ending March 31, 2013, was $4.4 million, dropping 22.8 percent from $5.7 million in the third quarter of fiscal year 2012.