CELADON ABOUT TO GO OUT OF BUSINESS?

They built a new larger Laredo terminal

Better

 

Just another opinion. There is no doubt Celadon is still in trouble. Can they emerge? Sure.
You kind of go by what you see, hear, and know to form an opinion.
New facilities mean nothing. Sometimes they are upgraded and built to make the company more attractive to buyers.
I run between Indianapolis and Gary five days a week. The 65 Corridor to Chicago is always truck traffic heavy. Celadon has become nearly extinct on this roadway during my shift. I've seen one in the past approximately one month. And that was a Celadon trailer pulled by an owner operator. I hear of a lot of parked power units across the country. Revenue has to be suffering although they might have drastically cut operational costs also.
So, again just my opinion I think they're in trouble. But a few hundred shares at a buck 28 might be worth the risk

 

Weird: I’m still with Celadon... Walmart Dedicated: my best year yet... lol

 

I don't doubt that. You are on a dedicated run. I was just pointing out what I see. Actually I was pointing out what I don't see, Celadon trucks.
I did a little research because I was actually interested in how far the stock had fallen and would it be worth an investment. I don't think Celadon is going under anytime soon. But I do believe that within 2 years they will be sold.

 

Well, whatever; everybody on here told me to bail out over 2 years ago... everybody on here has been saying go: go: go: geez... lol

 

Ya. People keep telling me how bad Western Express is and I’m happy there. Of course it’s invariably people who didn’t work there or had a “friend” there.

 

I have to admit Celadon was on my short list of potential places to lease onto then I started reading about their past issues. How are they treating their O/Os? Are the O/O's that haven't jumped ship still pretty happy?

 

The writing is on the wall...basically there are very few celadon trucks in the road...

 

Because anyone woth 1/2 a brain realized they are slowly drownding and unable to pay there debt. You would have to be a complete fool to hire on or even stay if your already there. Why? Becaise you basicaly have to start at day 1 at another place when they do close up. All that time and earned seniority and xtra cpm for staying will be flushed right down the toilet.. Have to start all over on benifits... 401k and any investment period requirements requirement... Basicaly a dead end job there. But i guess if you can only see what out your windshield and nothing else it must be a great place to be.

And not to mention the very possibility of not getting week or 2 of pay at the end. And kiss any built up earnd days off and vacation...good bye because your next job isnt going to honor them..

If your there id seriously consider looking at building a reputation and career some place else...

And the large fancy state of the art terminal in LLaredo? That was built before they got caught cooking the books...

They borrowed money to stay alfoat. There expenses are higher than income and that gap is getting bigger and bigger every month.... That loan will only last so long...

Basicaly borrowing money to make the payment of borrowed money...

They need atleast 1000 drivers more to start moving all those sitting uuni to generate income. And tjey needed them 3 moinths ago... They cant recruit drivers fast enuf for reasons i stated earlier.

 

I seen a celadon truck on 84 in connecticut first one I seen on the east coast in months.