Fund Companies Rights Offerings Managed Distributions Leveraged Funds IPOs Asset Classes CEF Advisors

My Fund Comparison
Initilizing list...

Celadon Trucking Services, Inc Annouces Acquisition of Selected Equipment Assets From Hiner Transport
Morgan Meighen & Associates

INDIANAPOLIS, Jun 07, 2012 (BUSINESS WIRE) -- Celadon Trucking Services, Inc., a wholly-owned subsidiary of Celadon Group, Inc. CGI +2.76% announced today that it has agreed to purchase a portion of the operating equipment of Hiner Transport, LLC. ("Hiner"), based in Huntington, IN. The terms and conditions of the transaction were not disclosed.

"As with previous acquisitions, the Hiner deal provides quality customer gains, incremental density in key traffic lanes, and access to an experienced driver pool", stated Paul Will, President and COO. "Hiner had a solid, core group of customers and drivers, and we expect to fully integrate these groups within our operations in a prompt, efficient manner. Further, we are extremely confident in our ability to enhance the service to Hiner's former customers with our upgraded equipment fleet, additional capacity, leading edge technology, and outstanding safety record."

Celadon Group Inc. ( ), through its subsidiaries, provides long-haul and regional full-truckload freight service across the United States, Canada and Mexico. The company also owns Celadon Logistics Services, which provides freight brokerage services, less-than-truckload services, as well as supply chain management solutions, including warehousing and dedicated fleet services.

Image Map


Aberdeen Closed-End TV

CEF Connect


National Association of
Publicly Traded Partnerships


Seeking Alpha CEF Articles
SySys Logo

Lipper Logo
Powered by a SySys data & content management system.

©Thomson Reuters 2011. All rights reserved. Any copying, republication or redistribution of Lipper, a Thomson Reuters company, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper, a Thomson Reuters company. Lipper, a Thomson Reuters company shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.