Celadon
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News
FreightRover shakes up leadership team after Celadon indictment
CEO Eric Meek and COO Danny Williams — who pleaded guilty to securities fraud last week — are no longer…
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Legal issues
Celadon to pay investors $42.2 million restitution for securities fraud
CEO Paul Svindland calls settlement “milestone” in path to stability after hit from financial scandal.
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Economics
Why talk of a freight recession may be premature
Freight levels have dropped from last year, but panelists at the ACT Research conference this week said they have simply…
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News
Today’s Pickup: freight markets take a breather for July 4
Turndowns and trucks in market both deteriorated this week as shippers and carriers enjoyed their Independence Day holiday. US-China tariffs…
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Company earnings
Celadon’s financing plan scrapped by DOJ investigation, but its operating numbers are on the way up
A $200 million injection of new capital at Celadon is withdrawn because of a DOJ investigation, but the operating numbers…
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News
Today’s Pickup: Celadon’s accounting issues grow
The investigation “identified errors that will require adjustments” to the financial statements from 2014, 2015, 2016 and 2017 “and potentially…
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Company earnings
FreightWaves adds freight stock watchlist
FreightWaves adds stock tickers for publicly traded stocks in the freight space
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Economics
Celadon offers paid vacation to attract new drivers
Celadon's turnaround team is bringing back generous vacation time and cash bonus incentives to recruit drivers for its tweener business.
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News
Today’s Pickup: Most supply chain businesses believe they trail competitors in digital initiatives
The move to a digital supply chain is leaving many organizations behind, according to a new report from Fujitsu. The…
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Economics
Thom Albrecht appointed executive vp – chief financial and strategy officer of Celadon Group
Celadon Group has announced the appointment of Thom Albrecht as executive vice president – chief financial and strategy officer. Albrecht…
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