Although a large carrier, Celadon’s fleet size and revenue are just drops in the US truckload bucket. The biggest impact of its bankruptcy may be in Mexico.
Monday April 6, 2020
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Celadon Group
Celadon Group
Celadon Group news and analysis. Get the latest news about Celadon Group and the trucking industry.
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Press Releases
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
02 May 2017
Eric Meek, former president and chief operating officer, has been replaced by Jonathan Russell.
04 Nov 2016
Truckload companies USA Truck and Celadon Group are not waiting for a recovery in the truckload market to materialize and pull them out of the red, instead working to get into the black with a stronger focus on their asset-light brokerage businesses.
17 May 2016
Mention Indianapolis and its famous speedway comes to mind, but so should supply chain velocity, warehousing and freight.
15 Apr 2016
Steve Russell, who founded and led the Celadon Group's transformation from a small dry van carrier in 1985 into one of the trucking industry’s most formidable firms, died on Friday. He was 76 years old.
05 Apr 2016
Three acquisition-hungry companies, XPO Logistics, Celadon Group and Daseke, were the fastest-growing businesses on a list of the 50 largest U.S. trucking companies in 2015.
30 Jul 2015
A successful acquisition strategy, the opening of new driver schools and expanded capacity drove Celadon Group’s revenue to a historic high mark in the 2015 fiscal year ending June 30.
02 May 2015
More driving schools, acquisitions and an expanded owner-operator fleet helped Celadon Trucking field more capacity and increase revenue and profit in the first quarter.
13 Nov 2014
The third quarter was good to practically all the publicly owned U.S. trucking companies: none reported losses, and their combined revenue rose 10.7 percent to more than $10 billion, supported by a second quarter of stronger freight demand and economic growth.
31 Oct 2014
Celadon Trucking put more drivers on U.S. highways in the last quarter, and those truckers brought back more revenue and profits for the carrier.
28 Oct 2014
Celadon Trucking acquired A&S Services Group, a regional truckload carrier and port drayage operator with a
01 Oct 2014
Strategic acquisitions in the U.S. trucking field continue as truckload carrier Knight Transportation grabs Barr-Nunn for $112.4 million.
01 Sep 2014
A review of publicly owned trucking company earnings in the second quarter shows the strength of freight demand building up as the U.S. economy expanded, supporting growing expectations of a busier than typical peak shipping season in North America this fall.
11 Jun 2014
Celadon Group, a $681 million trucking operator that has been buying smaller truckload carriers at a fast clip, sold its longstanding stake in a vendor discount program aimed at smaller trucking firms.
16 May 2014
The first quarter was warmer for trucking than you might think — at least financially.
02 Apr 2014
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.
28 Mar 2013
Celadon Group and its subsidiary Celadon Trucking Services have graduated their first class of driver training school candidates and now plan to build a $5.7 million, 61,000 square foot training facility near the company’s Indianapolis headquarters.
25 Jan 2013
Celadon Group reported profit in the second quarter, ending Dec. 31, 2012, of the company’s fiscal year ending June 30, was $7.4 million, jumping 34.6 percent from $5.5 million in the same quarter in 2011.
04 Jan 2013
Celadon Trucking Services has agreed to acquire Rock Leasing and Kelly Logistics.
12 Nov 2012
USA Truck replaced its chairman and said it is looking for an experienced operations executive as the troubled truckload
24 Oct 2012
Truckload carrier Celadon Group reported income in the first quarter, ending Sept. 30, of the company’s fiscal year, ending June 30, 2013, was $8.26 million...
28 Sep 2012
Truckload carrier Celadon Trucking Services acquired some of the assets of Robinson Transport, a 200-truck motor carrier based in Columbus, Ohio.
09 Aug 2012
Celadon Trucking is purchasing a portion of the assets of USA Dry Van of McAllen, Texas, reinforcing its driver pool and increasing its U.S.-Mexico business.
31 Jul 2012
Higher truckload rates, lower equipment costs and “better freight” boosted Celadon Group’s profit 63.6 percent in the last quarter as revenue climbed 4 percent.
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