INDIANAPOLIS, IN – Embattled Celadon Group is adding more changes in its efforts to refocus amid an investigation by the Secuurities and Exchange Commission in the United States.
The group made tow announcements last week including the appointment of Vincent Donargo as the new vice president and Chief Accounting Officer, effective Nov. 30.
Celadon said Donargo brings with him over 30 years of accounting and financial leadership experience, including serving as the executive vice president and chief financial officer of Beaulieu Group, a North American carpet and flooring manufacturing company, before taking on his new position.
INDIANAPOLIS, IN – Celadon Group is over a year behind on filling its quarterly and annual reports with the Securities and Exchange Commission (SEC).
The group announced that it has received an extension from the New York Stock Exchange (NYSE), subject to review on an on-going basis, that allows the company to take until May 2, 2018 to file the documents with the SEC.
INDIANAPOLIS, IN – Industry analyst Thom Albrecht has been named executive vice president – Chief Financial and Strategy Officer at Celadon Group.
INDIANAPOLIS, IN – Celadon Group has named Paul Svindland as Chief Executive Officer effective July 24, succeeding Paul Will who is retiring from that role and as board chairman.
INDIANAPOLIS, IN – Celadon Group has shuffled its senior management team as 2016 financial statements are reviewed and the company faces a US $10 million operating loss in the first quarter of 2017.
INDIANAPOLIS, IN – Celadon Group, which offers extensive trucking operations across North America, has entered a new joint venture with Element Transportation that oversees more than 10,000 tractors for leasing operations.
WROXETER, ON – Hyndman Transport, a subsidiary of Celadon Group, is settling into a new terminal in Ayr, Ontario. Located at 2616 Cedar Creek Road, just off highways 401 and 97 at Exit 268, the facility features a new driver lounge, dorm rooms, and an expanded maintenance facility with wash bay and loading dock. The site will also serve as a base of operations for recruiting and orientation, and includes administration space as well.
INDIANAPOLIS, IN — Steve Russell, who founded Celadon in 1985, died on April 15. He was 76.
INDIANAPOLIS – A provider of cross-border trucking, Celadon Trucking Services Inc., has agreed to an out of court settlement paying $200,000 over a driver disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission.
WROXETER,ON.-Come Canada Day, you will see no more Celadon Canada trucks. On July 1, the merger of Celadon and Wroxeter, ON.-based Hyndman Transport will be completed. “We have come to realize the strength of the Hyndman name in Canada,” commented President and CEO of the Indianapolis-based Celadon Group Paul Will. “Hyndman has always promoted and supported a family atmosphere for their drivers and staff. This merger reinforces thae core value of the company.”
SASKATOON– Yanke Transfer has been sold to Celadon Canada, a division of Indianapolis-based Celadon Trucking Services Inc.
INDIANAPOLIS – Celadon Trucking Services has inked a deal to acquire Wroexter, ON-based Hyndman Transport as part of the company’s plan to expand its Canadian footprint.
Atlanta, GA – On July 12, the Extreme Truckers Show featured Celadon and FusionHealth for their investments in driver health.
INDIANAPOLIS, IN – Trucking company operator Celadon Group has agreed to sell its independent contractor lease portfolio to Element Financial Corporation, an equipment finance company.