Celadon buys Va.-based Warrior Xpress
Celadon Group, a large U.S. truckload carrier, said it has acquired Charles City, Va.-based Warrior Xpress for $8.3 million.
Indianapolis-based Celadon was primarily interested in Warrior's customer base and drivers, but also bought some tractors and trailers.
Celadon acquired certain assets of Digby Truck Lines in October.
Warrior generated about $20 million in gross revenue last year, according to unaudited financial statements. Celadon said it planned to optimize asset utilization through integration and drive down the excessive costs experienced by the mid-size carrier.
'We believe we can enhance the service to Warrior's former customers through an upgraded equipment fleet, excellent technology, more available assets for dispatch, and an outstanding safety record,” said Steve Russell, Celadon’s chairman and chief executive officer, in a statement.
Celadon buys Va.-based Warrior Xpress
