Rollback of truck safety rules may be just the beginning
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.
Trucking
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Celadon takes quarterly loss amid ‘lackluster freight volumes’
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.
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.
Celadon Group reports big drop in profit amid ‘challenging’ conditions
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.
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.
Driverless future ahead for trucking?
Automated trucks initially will have drivers on board in case something goes wrong, a similar model to the one employed by airlines (pilots’ role in the cockpit is mostly precautionary since planes can run on autopilot).
Celadon beats expectations with quarterly results
Celadon Group Inc. saw a jump in revenue and a decline in profit in the fiscal third quarter, but both results matched or exceeded analysts' predictions.
Trucking company plans hundreds of jobs in Plainfield
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.
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.
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.
Russell steps down as chairman at Celadon Group
Stephen Russell is relinquishing a role he’s had at Celadon Group since he founded the company in 1985. CEO Paul Will and COO Eric Meek received promotions.
Celadon sees more profit, revenue in latest quarter
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.
Trucking companies raise wages as driver shortage grows
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.
Big-rig seller Stoops to unload six-location dealership
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.
Celadon profit slips despite big jump in revenue
Celadon CEO Paul Will said severe winter weather took its toll on the trucking company’s quarterly financial results.
Groups hope to revive Indiana Commerce Connector
A group of central Indiana manufacturers and warehousing companies hopes to revive a proposal for a highway that would connect the region's major interstates and communities.
Celadon to acquire Canadian trucking, rail firm
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.
Celadon sees lower profit, but more business
Revenue rose 14 percent in the latest quarter, but operating expenses were up significantly due to acquisitions, dragging down earnings.