Celadon

Yes, i knew about that.. tnx

 

OK, was just making sure. You're welcome.

 

LOL. Keep buying boat anchors and eventually you sink?

 

I believe her. But this news at Celadon reminds me of how Jevic Transportation went under.

 

Didn't take long for the vultures to plunder the joint after the founder died:

http://www.ttnews.com/articles/basetemplate.aspx?storyid=41662

 

I am an owner op with celadon have been for 2 years and ive had no issues with them

 

One post wonder?
Love when noobs come to try and salvage company reputation.

 

Awesome! That's really good to hear! I always hear everyone saying they are doing so bad as an owner op.. i kinda think it's because they just didn't know what they were getting into; but, who knows?

 

I was with a company about 4 years ago that was brought down by lawsuit after lawsuit
They managed to hold off the cases with legal maneuvers for about 5 years , then it all caught up to them ...they 'reorganized ' ....and then went belly up a few months after that
final maneuver .

Celadon looks to be covered up in losses

Example fuel scam on the drivers :

The Indiana Court of Appeals has upheld a lower court’s ruling that Indianapolis-based trucking firm Celadon Group Inc. must pay more than $4 million in a class-action suit filed by drivers over fuel costs.

The appeals court’s opinion, issued Tuesday, upholds a December 2014 ruling by Marion County Superior Court Judge Michael D. Keele.

Keele had ruled in favor of plaintiffs Charles Wilmoth and Kent Vassey, who originally filed the suit in 2013 on behalf of themselves and nearly 2,500 other owner/operator drivers for Celadon.

Published at Fri, 10 Feb 2017

http://www.perrycountynews.net/upda...upholds-marion-county-ruling-against-celadon/

This was just one day ago :

https://www.hbsslaw.com/cases/cgi/p...al-statements-and-the-lead-plaintiff-deadline

Delisting on the stock exchange ....etc....etc

Looks like they may be bleeding out