Leased on with celadon
Discussion in 'Celadon' started by Classified 007, Sep 5, 2017.
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The haters are so serious about there hate......Lmao,just another great week here at celadon and Quality...It's all good LMAO
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Great loads on the east coast ...SE,mid Atlantic ,NE....The rates are great...Yup..Find that traingle yup....Peace
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The prolonged trucking-industry slump hasn't spared many fleets, but few have faced as much upheaval as Celadon Group Inc. The truckload carrier's shares plunged 55% after the company said it could not vouch for financial statements covering more than a year, and posted a $10 million operating loss in the most recent quarter, the WSJ Logistics Report's Jennifer Smith writes. Celadon's problems stem from a big bet on truck leasing a few years ago, with that unit growing from 750 tractors in 2013 to 11,300 last year. Weak freight demand and plunging used-truck prices hit leasing businesses hard. Celadon moved many of those assets off its books last year, but last month drew the attention of short sellers who accused the company of hiding losses. Tuesday's revelations sent shares to a 15-year low, though most other trucking stocks remain up sharply from a year ago, a sign that investors see Celadon's problems as unique to the company.
Today's Top Supply Chain and Logistics News From WSJ -
The OP is a joke. Why is anybody paying any attention
To this guy. He sounds like a little kid just rambling
Off a bunch of silly stuff.
This is some goofball sitting behind a desk with
Nothing else to do.driverdriver Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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