Celadon selling Andy Warhol prints as part of bankruptcy
The Warhol screen prints, four brightly colored pieces depicting tractor trailer trucks, hung in the trucking company’s corporate offices.
Celadon Group Inc.
Articles
BEHIND THE NEWS: A flawed culture poisoned Celadon
Critics of Celadon management say a deep-seated, clubby culture helped propel the Indianapolis-based trucking giant toward financial ruin.
Celadon hires consultant to lead turnaround efforts
Richard Stocking, who until recently served as CEO of trucking giant Swift Transportation, will lead Celadon’s troubled trucking services unit as chief transformation officer.
Are additional Celadon execs in prosecutors’ sights?
The Justice Department’s April 25 press release—which announced Celadon had admitted to the fraud and agreed to pay $42 million in restitution—closes by noting that the investigation is ongoing.
Online auto dealer Carvana to open 70-acre reconditioning center, create 200 jobs
Carvana got the green light to buy the land in the Mount Comfort area from struggling trucking company Celadon Group Inc., which last year abandoned plans to build a new headquarters there.
BEHIND THE NEWS: Inside the issues that grounded Celadon
The trucking company's financial statements became decidedly more opaque after October 2015, when it set up an off-balance-sheet truck-leasing joint venture in which management held ownership.
New food transport rules could boost big trucking firms most
Indianapolis-based Celadon Group Inc. is banking that a new federal food safety rule will help it take a bite out of its competition—in part because smaller carriers won’t be able to afford to comply.
Trump’s trade rhetoric casts uncertainty over Indiana exporters
Changes in trade policy would reverberate across Indiana, given its status in a new Brookings Institution study as the most export-dependent state in the country.
PROXY CORNER: Celadon Group Inc.
Indianapolis-based Celadon Group Inc. is one of North America’s largest trucking companies. It also offers related services, including warehousing, logistics and tractor leasing.
Construction under way on Celadon’s new $24M headquarters
The trucking company will move from the east side of Indianapolis to Mount Comfort in Hancock County, where it will have room to grow and better access to Interstate 70 for its drivers.
Beaten-up trucking firm sees rebound on horizon
Economic conditions have meant a bumpy ride for trucking companies, but Indianapolis-based Celadon says it’s buckled in for the long haul.
Sides in Russell estate case seeking settlement
The children of late Celadon Group Inc. co-founder Steve Russell and his second wife have been waging a court battle over his $31 million estate.
Children of trucking exec challenge will, claim wife orchestrated changes
The three children of the late Celadon Group cofounder Steve Russell filed a will contest Wednesday alleging his second wife boosted her inheritance from his $31 million estate by taking advantage of his dementia.
Truck drivers sue Celadon over wages, employment status
Three former truckers are suing Celadon and seeking class-action status for “thousands” of drivers, claiming the company violated state and federal laws by hiring them as independent contractors.
Celadon misses profit expectations despite higher revenue
Celadon CEO Paul Will said quarterly earnings were hurt by $1.2 million in expenses related to the company’s acquisition of Tango Transport during the quarter.
PROXY CORNER: Celadon Group Inc.
Indianapolis-based Celadon Group Inc. provides long-haul, regional, local, intermodal, temperature-controlled, flatbed and expedited freight services across the United States, Canada and Mexico.
Celadon’s quarterly results beat Wall Street expectations
Indianapolis-based trucking company Celadon Group Inc. topped Wall Street expectations with big increases in quarterly revenue and profit.
Celadon Group purchases Louisiana trucking business
Indianapolis-based Celadon Group Inc. has acquired the truckload business assets of Tango Transport LLC, a Shreveport, Louisiana-based transportation company, Celadon announced Wednesday night.
CTO of the Year: J. Michael Gabbei
Michael Gabbei launched a mobile application for drivers, developed more streamlined dispatching methods, and helped design the technology for Celadon’s Quality Drivers schools, which led to dramatic decreases in turnover while reducing the cost of recruitment.
Celadon reports revenue surge in latest quarter
Celadon Group Inc. saw a 28-percent jump in revenue in its fiscal fourth quarter, the Indianapolis-based trucking company said Wednesday.