The Indianapolis-based trucking company is dealing with auditing issues, liquidity challenges and scrutiny from its lenders. It expects to report a $10 million quarterly loss.
The plaintiff says he was harmed financially because he purchased Celadon stock at “artificially inflated prices.” The company’s shares declined after allegations of misleading statements and a federal probe.
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.
Steve Russell started Celadon Group Inc. in 1985 and built it into one of the most-recognized trucking companies in the country, as well as one of the largest public companies in Indianapolis.
Publicly traded Celadon Group Inc. has had its headquarters at East 33rd Street and Mitthoeffer Road in Indianapolis since 1996. The company is looking elsewhere because that 40-acre site has no room for expansion and is landlocked.
Teva’s acquisition will make it the world’s largest maker of generic medicines, giving it greater negotiating power with governments and private-health insurers.
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.
Celadon Group Inc. saw profit increase 21.2 percent in its latest quarter as revenue climbed 10.5 percent, the Indianapolis-based trucking firm announced Wednesday.
A&S Services Group LLC is a regional for-hire truckload company based in New Freedom, Pennsylvania, that serves the Mid-Atlantic and Northeast regions.
Celadon Group Inc. has promoted chief financial officer Eric Meek to chief operating officer, a new position that will give him oversight of the trucking company’s daily operations.
The Pacers were among the favorites to challenge for the Eastern Conference title this season. That was before Paul George tried to block a layup during a Team USA scrimmage three days ago and broke his right leg in multiple places.
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.
