This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Celadon Trucking Services, Inc. Announces Acquisition Of Selected Equipment Assets From Robinson Transport, Inc.

Stocks in this article: CGI

Celadon Trucking Services, Inc., a wholly-owned subsidiary of Celadon Group, Inc. (NYSE: CGI) announced today that it has agreed to purchase a portion of the operating equipment of Robinson Transport, Inc., based in Columbus, OH. The terms and conditions of the transaction were not disclosed. Celadon’s approach in this transaction is to increase its density in its traffic lanes in and out of the Midwest and reinforce its driver pool. Robinson is a significant provider of truckload shipments in and out of the Midwest, which enables Celadon to fulfill one of its primary goals of increasing its freight volumes and lane density in one of its primary freight lanes.

“Robinson is a highly respected truckload carrier that has provided a high level of service for its customers over the years, which is demonstrated by the number of service awards it has received,” stated Paul Will, President and COO, Celadon Trucking. “Their footprint has tremendous potential to supplement our existing business, expand our network coverage and further accelerate our overall growth plans. We look forward to the opportunity to work with Rick Robinson, who will join Celadon as VP of Midwest Operations, and help us continue to service existing Robinson customer accounts. We believe we can enhance the service to many of Robinson’s former customers through upgraded equipment, advanced technology, additional assets available for dispatch, and an industry leading safety record."

“I am very excited to have the opportunity to join such a financially strong and highly recognized carrier,” stated Rick Robinson, President, Robinson Transport. “This opportunity allows me to remain intimately involved with our loyal customer partners, as we transition the business I have developed and cultivated over the past 22 years. At the same time, Celadon’s expanded service offering and larger fleet will allow us to better service these customers and create additional opportunities for growth.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs