Trucking

EEOC charges Celadon with discrimination

March 1, 2012
Scott Olson
The agency claims the Indianapolis trucking firm subjected job applicants to medical exams and failed to hire qualified driving candidates because of disabilities. Celadon CEO Steve Russell denies wrongdoing.
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Wheaton acquiring residential mover BekinsRestricted Content

February 11, 2012
Chris O'Malley
Wheaton World Wide Moving is buying the nation’s oldest and one of its largest household movers, Bekins Van Lines. The deal is expected to bring 38 jobs to Wheaton’s northeast-side headquarters.
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Celadon sees jump in quarterly profit, revenue

January 25, 2012
 IBJ Staff
Indianapolis-based trucking firm Celadon Group Inc. earned $5.4 million in its latest quarter compared with $2.9 million in the same period in 2010.
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Ex-Peterbilt dealer hauls trailer manufacturer to court

January 10, 2012
Chris O'Malley
A longtime Indianapolis-based Peterbilt dealer is suing California-based Utility Trailer Manufacturing Co. for allegedly blocking the sale of the dealership’s trailer sales arm.
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Celadon plans expansion, $3.4M office building

December 16, 2011
Scott Olson
Celadon Group Inc. is seeking tax abatements from the city to build a $3.4 million office building at its far-east-side headquarters. The local trucking firm plans to hire 100 more employees by 2016.
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Celadon snub obscures other purchasesRestricted Content

October 29, 2011
Chris O'Malley
Celadon Group has swallowed, whole or in part, nine trucking firms in as many years. But the acquisition momentum lurched to a halt late this month like a semi stopped by a runaway-truck ramp when it was rebuffed by Arkansas-based USA Truck. Since then, Celadon hasn’t signaled its next move.
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Rival trucking firm not interested in Celadon merger

October 24, 2011
Cory Schouten
USA Truck Inc. has turned down a meeting with Indianapolis-based trucking rival and investor Celadon Group Inc. to discuss a possible merger.
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Celadon proposes merger with rival USA Truck

October 11, 2011
 IBJ Staff and Bloomberg News
Indianapolis-based Celadon has become USA Truck's seventh-largest investor with a $4.7 million purchase of shares. In a regulatory filing, the truckload carrier reported its interest in combining with its rival.
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Celadon boosts financial performance

April 27, 2011
 IBJ Staff
Celadon Group Inc. improved revenue and profit in its third fiscal quarter despite lower volumes attributed to bad weather, the Indianapolis-based trucking company said Tuesday.
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HOLT: New York threatens to ballast Indiana exports

April 2, 2011
David Holt
Regulations aimed at stopping invasive species are too stiff.
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Trucking industry upswing may draw investors to Allison IPO

April 2, 2011
Kathleen McLaughlin
Allison Transmission is not a household name like Google or General Motors, but it won’t lack an audience for its planned $750 million initial public offering.
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Truck stocks signal economic growth

February 24, 2011
Bloomberg News
Companies that act as brokers for trucking services are gaining favor with investors as the 20-month-old rebound shifts into a new phase that’s less dependent on inventory restocking.
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Celadon sees quarterly rise in profit, revenue

January 25, 2011
 IBJ Staff
The Indianapolis-based trucking company reported revenue of $133.1 million, up 4.6 percent from the same quarter of 2009. Profit rose to $2.9 million from $1 million.
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Trucking firms need drivers; students can't afford trainingRestricted Content

January 22, 2011
Chris O'Malley
A study by the Council of Supply Chain Management Professionals estimates that the trucking industry needs to hire 200,000 more drivers this year, but some driver-training schools locally say many potential students don’t have the $3,000-to-$5,000 or more for tuition.
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Online Transport buys Frontier assets from Toronto firm

December 1, 2010
Greenfield trucking company buys 794 trailers from Toronto-based Vitran Corp. for about $5 million to bolster operations.
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Celadon's quarterly profit, revenue improve

October 26, 2010
 IBJ Staff
The Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter and profit of $4.4 million.
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Celadon reports higher quarterly, fiscal-year profit

August 2, 2010
CEO Steve Russell attributed the improved earnings to a recovering freight environment, coupled with a decrease in competition. Celadon also is benefiting from increased trade with Mexico.
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Celadon reports quarterly profit on higher revenue

April 27, 2010
The Indianapolis-based trucking company saw profit rise to $400,000 in its third quarter from a $2.1 million loss in the same period last year.
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LEADING QUESTIONS: Trucking firm CEO leans into the pain

April 21, 2010
Mason King
Russell_WatchVideoCeladon CEO Stephen Russell faced a treacherous patch of highway when fuel prices spiked and the recession drove the trucking industry into an economic Death Valley. In IBJ's new video feature on leadership issues, Russell explains how advice from his dentist helped pave the way to recovery.
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Logistics study revisits old concerns

March 30, 2010
Chris O'Malley
The two-year study by the Conexus Indiana Logistics Council Executive Committee involved 36 logistics executives statewide.
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Trucking firms shift gears to weather long downturnRestricted Content

March 20, 2010
Chris O'Malley
Logistics companies have found the last few years an unparalleled challenge. If it wasn't higher fuel prices, it was softening business in key sectors, such as the automotive industry. Fewer goods to move created overcapacity and softened rates.
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Celadon sees trouble ahead for trucking fleets

February 6, 2010
 IBJ Staff
The Indianapolis trucking firm is not among the weaklings and, if anything, will benefit from additional fleet failures to the extent it diminishes industry capacity.
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Celadon reports lower profit, higher revenue

January 25, 2010
Indianapolis trucking firm Celadon Group Inc. saw revenue rise to $127.2 million in its fiscal second quarter, although profit fell to $1 million.
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Freight Masters files bankruptcy after losing business from Chrysler, BoeingRestricted Content

December 19, 2009
Chris O'Malley
The minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing business.
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Plainfield's MD Logistics sued by Bristol-Myers over lost insulinRestricted Content

December 12, 2009
Chris O'Malley
Two semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn't named in the lawsuit. Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
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