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Celadon's quarterly profit, revenue improve

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Celadon Group Inc. on Tuesday announced higher profit and revenue in its latest fiscal quarter.

The Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter ended Sept. 30, up 9.8 percent from the same quarter a year ago.

Profit was $4.4 million, or 20 cents per share, compared to $600,000, or 3 cents per share, in the year-ago period.

The earnings exceeded the expectations of eight analysts polled by Thomson Reuters, who  predicted earnings of 16 cents per share.

Celadon Chairman and CEO Steve Russell attributed the improved financial performance on cost controls and the company's ability to charge higher rates while holding business steady.

Celadon provides long-haul, full-truckload freight service across the United States, Canada and Mexico. Company shares fell 62 cents, or 4.5 percent, in Wednesday morning trading, to $12.98 each.

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  1. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

  2. 85 feet for an ambitious project? I could shoot ej*culate farther than that.

  3. I tried, can't take it anymore. Untill Katz is replaced I can't listen anymore.

  4. Perhaps, but they've had a very active program to reduce rainwater/sump pump inflows for a number of years. But you are correct that controlling these peak flows will require spending more money - surge tanks, lines or removing storm water inflow at the source.

  5. All sewage goes to the Carmel treatment plant on the White River at 96th St. Rainfall should not affect sewage flows, but somehow it does - and the increased rate is more than the plant can handle a few times each year. One big source is typically homeowners who have their sump pumps connect into the sanitary sewer line rather than to the storm sewer line or yard. So we (Carmel and Clay Twp) need someway to hold the excess flow for a few days until the plant can process this material. Carmel wants the surge tank located at the treatment plant but than means an expensive underground line has to be installed through residential areas while CTRWD wants the surge tank located further 'upstream' from the treatment plant which costs less. Either solution works from an environmental control perspective. The less expensive solution means some people would likely have an unsightly tank near them. Carmel wants the more expensive solution - surprise!

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