Trucking

Big-rig seller Stoops to unload six-location dealership

May 23, 2014
Kathleen McLaughlin
Stoops Freightliner, an Indianapolis truck and trailer dealer, has agreed to sell to a larger dealership after more than 25 years in business. Owner Jeff Stoops grew it into a $323 million firm with 563 employees.
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Celadon profit slips despite big jump in revenue

April 29, 2014
 IBJ Staff
Celadon CEO Paul Will said severe winter weather took its toll on the trucking company's quarterly financial results.
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Groups hope to revive Indiana Commerce Connector

April 6, 2014
Associated Press
A group of central Indiana manufacturers and warehousing companies hopes to revive a proposal for a highway that would connect the region's major interstates and communities.
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Celadon to acquire Canadian trucking, rail firm

November 18, 2013
 IBJ Staff
The Indianapolis-based trucking firm plans to establish a foothold in the Canadian rail industry by acquiring N. Yanke Transfer Ltd., which posted $90 million in revenue in 2012.
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Celadon sees lower profit, but more business

October 28, 2013
 IBJ Staff
Revenue rose 14 percent in the latest quarter, but operating expenses were up significantly due to acquisitions, dragging down earnings.
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Celadon using free training to fight driver shortageRestricted Content

October 5, 2013
Kathleen McLaughlin
The trucking firm launched its in-house truck-driving school a year ago to boost the supply of drivers and, executives hope, cut down on turnover, which is 98 percent per year at the company, mirroring the industry average.
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Transportation, warehousing catch tailwindRestricted Content

September 28, 2013
Kathleen McLaughlin
Indiana’s transportation and warehousing industry employs more people now than before the recession, and observers think its growth will continue to outpace the nation’s.
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Celadon to pay $18.5M settlement over fatal crash

August 2, 2013
Jeff Newman
The Indianapolis-based trucking firm has agreed to pay $18.5 million to the families of two men who died in a multiple-vehicle accident involving a Celadon truck driver in northwest Indiana in February 2011.
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Trucking firms brace for impact of new driver-rest rules

July 19, 2013
Bloomberg News
New U.S. safety regulations requiring truckers to work shorter shifts may cut productivity, worsen a driver shortage and boost freight costs for the $8.4 trillion in goods hauled each year by American big rigs.
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Celadon acquires Canadian trucking company

May 23, 2013
 IBJ Staff
Hyndman Transport Limited, based in Wroxeter, Ontario, operates about 175 tractors and brought in roughly $48 million in revenue in 2012.
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Celadon's profit, revenue slide in latest quarter

April 25, 2013
 IBJ Staff
Celadon CEO Paul Will noted that the latest quarter had two fewer business days than the previous year's period and was hampered by heavy winter storms.
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Celadon says new driver-training facility to create 500 jobs

March 26, 2013
Jeff Newman
The Indianapolis-based trucking firm first announced plans for the driver-education center in January, but has since expanded the project and employment projections while seeking state incentives.
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Celadon reports higher quarterly profit, revenue

January 24, 2013
The Indianapolis-based trucking company said profit increased to $7.4 million in the fourth quarter due to higher freight revenue and lower operating expenses.
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New Celadon CEO sharpening managementRestricted Content

January 19, 2013
Chris O'Malley
New Celadon Group CEO Paul Will wants to increase productivity at the trucking firm, not just through more sophisticated customer-relationship and tracking software, but also by improving the acumen of the company’s nearly 4,000 employees.
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Celadon receives incentives for $5.2M driving training center

January 16, 2013
The Indianapolis-based trucking carrier plans to build a $5.25 million driver-training center and add 182 jobs as part of its latest expansion at its east-side corporate campus.
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Celadon snaps up two more trucking companies

January 4, 2013
Chris O'Malley
The Indianapolis-based company's Celadon Trucking Services subsidiary has agreed to acquire Warren-based Rock Leasing Inc. in northeast Indiana and Wadley, Ala.-based Kelly Logistics Inc.
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Celadon plans $5.2M driver training center, 182 new jobs

January 2, 2013
Chris O'Malley
Indianapolis-based trucking carrier Celadon Group Inc. plans to build a $5.25 million driver-training center and add 182 workers to its 633-employee local work force by 2016.
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Celadon Group's quarterly profit jumps 50 percent

October 24, 2012
Indianapolis-based trucking company Celadon Group said fiscal first-quarter profit rose to $8.3 million due to higher freight revenue and lower operating expenses.
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Celadon shares jump along with earnings expectations

October 8, 2012
Chris O'Malley
The Indianapolis trucking company expects its quarterly earnings to beat analysts' consensus forecast and last year's results, thanks to acquisitions and cost controls. Shares were up 9 percent at 1 p.m.
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IU researchers question economics of diesel hybridsRestricted Content

July 21, 2012
Fuel savings and environmental benefits might not be worth the higher cost of such vehicles.
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Mexican big rigs shun border, imperiling trucking deal

May 24, 2012
Bloomberg News
A cross-border trucking pact that ended a 17-year trade dispute between the U.S. and Mexico last year may unravel unless more Mexican big rigs start crossing the border. Failure of the program could have an impact on trucking firms like Indianapolis-based Celadon Group Inc.
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Celadon Group names new chief financial officer

April 30, 2012
Associated Press
Celadon Group Inc. announced Monday that it has named Eric Meek as executive vice president, chief financial officer and treasurer, effective immediately, as part of a succession-planning process.
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Celadon reports higher quarterly profit, revenue

April 24, 2012
 IBJ Staff
Celadon Group Inc. saw higher revenue and profit in its latest fiscal quarter, the Indianapolis-based trucking firm announced Tuesday night.
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Despite high jobless rate, trucking firms fight driver shortage

March 21, 2012
Bloomberg News
Trucking companies, including Indianapolis-based Celadon Group Inc., are struggling to find qualified drivers even as the U.S. unemployment rate remains at the highest level in almost 30 years.
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Trucking firms shunning costly clean-burning engines

March 3, 2012
Chris O'Malley
Trucking fleets, already buckling under higher costs for insurance and fuel, are finding ways around new rules that nearly eliminate nitrogen oxides and particulate matter but also sent prices of new trucks soaring.
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