The trucking industry scored a victory this week when Republican lawmakers effectively blocked Obama administration safety rules aimed at keeping tired truckers off the highway.
Celadon Group Inc. shares tumbled Thursday morning, a day after the Indianapolis-based trucking company reported a loss of $2.9 million, or 10 cents per share, in its latest quarter.
The trucking company had a profit of $1.6 million in the fiscal fourth quarter, down almost 87 percent from the $12 million it made in the same quarter a year ago.
Trucking and logistics company Knight Transportation Inc. expects to add as many as 426 employees at its new Regional Operations Service Center in Plainfield by the end of 2021, the company announced Tuesday.
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 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.
Indianapolis-based trucking company Celadon Group Inc. topped Wall Street expectations with big increases in quarterly revenue and profit.
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.
Average driver wages may rise as much as 6 percent in 2014, said Kenny Vieth, president of Columbus, Indiana-based Americas Commercial Transportation Research Co.
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.