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Celadon Group history
Celadon Group company history timeline
Celadon was founded in 1985 by Steve Russell.
By 1990 they had purchased Randy International, an international freight-forwarding company.
To pay off expenses related to its expansion into freight-forwarding, Celadon went public in 1994.
Celadon benefited greatly from the influx in trade created by the North American Free Trade Agreement (NAFTA) passed in 1995.
In 1995 Celadon became a flatbed transporter when it purchased Cheetah Transportation, based in Mooresville, North Carolina, for $5.1 million.
The cost of the merger with Jacky Maeder Limited coupled with a slump in the industry caused Celadon to post losses in 1995.
A Major Acquisition in 1996
Also in 1996, Bennett left the company to form a distribution and logistics firm in Florida called Enfield Logistics, Inc.
By 1997 Celadon's missteps into freight-forwarding had taken their toll on the company, which had posted losses for four of the past five years.
In 1997, Russell was elected chairman of the International Trade and Customs Commission of the American Trucking Association.
In May 1998, Celadon purchased Gerth Transport, a Canadian motor carrier specializing in transportation to and from Mexico, for $19.2 million.
The year 1998 also marked the introduction of Celadon's web site, www.celadontrucking.com.
In 1999 Celadon was awarded major contracts in Arkansas, Missouri, and the Carolinas and planned to expand its fleet by 550 new tractors and 1,300 new trailers and hire up to 200 additional drivers.
On April 25, 2019, it was announced that Celadon Group Inc. had agreed to pay total restitution of $42.2 million as a part of its deferred prosecution agreement (DPA) for filing materially false and misleading statements to investors and falsifying books, records and accounts.
According to the Federal Motor Carrier Safety Administration in October 2019, the company had 2,771 trucks and 2,553 drivers, and was listed as the 38th largest carrier in North America.
On December 8, 2019, Celadon Group, Inc. and 25 affiliates filed bankruptcy in the United States District Court for the District of Delaware.
Mutts4Trucks pairs truckers with canine co-pilotsWhat happens to drivers in the future of trucking?Off the railsHot Stuff and Cool Services – February 2020
In March 2020, Celadon auctioned off assets from the company headquarters and driver dorms as part of their bankruptcy agreement.
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Celadon Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Werner Enterprises | 1956 | $3.0B | 12,784 | 126 |
| Schneider National | 1935 | $5.3B | 19,600 | 67 |
| Saia | 1924 | $3.2B | 12,000 | 184 |
| Yellow | 1924 | $5.2B | 19,000 | 2 |
| Old Dominion Freight Line | 1934 | $5.8B | 19,779 | 185 |
| Livingston International | 1945 | $650.0M | 3,300 | 53 |
| Hub Group | 1971 | $3.9B | 2,001 | 216 |
| XPO Logistics | 1989 | $8.1B | 44,000 | 2 |
| C.H. Robinson | 1905 | $17.7B | 15,262 | 271 |
| UPS | 1907 | $91.1B | 481,000 | 1,332 |
Celadon Group history FAQs
Zippia gives an in-depth look into the details of Celadon Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Celadon Group. The employee data is based on information from people who have self-reported their past or current employments at Celadon Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Celadon Group. The data presented on this page does not represent the view of Celadon Group and its employees or that of Zippia.
Celadon Group may also be known as or be related to Celadon Group, Celadon Group Inc, Celadon Group Inc., Celadon Group, Inc. and celadon trucking.