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TRUCKING INDUSTRY NEWS * USA - Celadon delivers another acquisition
Company's deal for long-haul truck unit of Air Road Express will add industrial freight clients
Indianapolis,IN,USA -The IndyStar.com, by Ted Evanoff -June 6, 2007: -- Indianapolis truck line Celadon Group on Tuesday made its sixth acquisition since 2002, buying the long-haul trucking unit of Air Road Express... Air Road, founded in 1989 in Indianapolis, will remain in business carrying smaller pieces of freight on shorter routes for multiple clients... In five years, Celadon has spent about $100 million buying rivals, a strategy intended to fill its trucks with more freight and retain drivers during the nation's driver shortage, said Steve Russell, Celadon chief executive...
Labels: businesses
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