Celadon gets six-month extension from NYSE to avoid delisting
The extension gives Celadon until May 2 to file several delinquent quarterly and annual financial reports with the Securities and Exchange Commission.
Trucking
Articles
Celadon stops HQ construction, refocuses on core trucking business
The trucking giant is canceling its $28 million Mount Comfort headquarters, selling its flatbed unit, and outsourcing its driver schools, to refocus on core business as the industry is expected to boom.
Celadon continues to reshape executive office with new CFO
The move comes as the Indianapolis-based trucking company works through financial, accounting and operational issues.
Celadon Group acknowledges investigation by SEC
The Indianapolis-based transportation company confirmed something that has been speculated for months: The trucking company is under investigation by the U.S. Securities and Exchange Commission.
Tech firms see big tech opportunity in freight apps
A wave of companies, including some in Indianapolis, are launching freight-related apps in hopes of making money by helping to streamline a huge and fragmented industry.
Celadon’s hiring of turnaround expert sends stock soaring
Investors and analysts are reacting positively to Celadon Group Inc.’s decision to bring in an outside executive with years of transportation industry experience to run the company.
Celadon hires new CEO as Will announces departure
Struggling trucking firm Celadon Group Inc. is bringing in a new chief executive to replace Paul Will later this month, the Indianapolis-based company announced Thursday afternoon.
Logistics company targets Lebanon for 1,160 jobs
One of the country’s fastest-growing transportation and logistics companies is making plans to open a massive distribution center northwest of Indianapolis.
2017 Indiana 100: In a mature industry, Wheaton keeps on truckin’
Q&A with Mark Kirschner, Wheaton Van Lines: “We’re not losing drivers; there’s just no new drivers coming into the industry.”
2017 Indiana 100: Cummins aims to transform trucking through tech
Q&A with Sherry Aaholm, Cummins Inc.: “My mother, early on, taught me the value of hard work, the value of recognizing diversity, the value of recognizing engagement and the fact that you’re just as powerful to do what you want to do.”
Former Celadon exec plans to acquire company’s startup subsidiary
Eric Meek, who resigned as Celadon’s president and chief operating officer last month, is involved with plans to purchase Celadon subsidiary Prosair Technologies.
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.
Celadon shares plummet after company admits to accounting woes
Shares in the Indianapolis-based trucking company dropped as much as 67 percent Tuesday morning. At least 16 law firms say they have filed lawsuits against the company or are investigating doing so.
Celadon replaces president as financial challenges, questions mount
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.
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.
Lawsuit alleges SEC investigation, financial cover-up at Celadon
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.
Spot Freight expands downtown headquarters, plans to hire 257
Founded in 2009, Spot Freight Inc. has been one of the area’s fastest-growing companies over the past several years.
UPDATE: State appeals court upholds Marion County ruling against Celadon
The Indiana Court of Appeals upheld a 2014 decision ordering Celadon to pay more than $4 million to a group of drivers in a dispute over fuel costs.
Celadon’s profit, revenue fall, but beat expectations
Indianapolis-based trucking company Celadon Group Inc. on Wednesday announced quarterly financial results that topped analyst predictions.
Celadon planning to add 375 jobs as part of expansion
The Indianapolis-based trucking and logistics company, which is building a $28 million corporate campus in Hancock County, has been approved for almost $3 million in state economic incentives.