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Slide #61. Celadon Trucking Services, Inc — Rock Leasing, Inc. and Kelly Logistics, Inc.
Celadon Trucking Services, Inc (CGI)
Rock Leasing, Inc. and Kelly Logistics, Inc.
Celadon Trucking Services, Inc., a wholly-owned subsidiary of Celadon Group, Inc. (NYSE:CGI) announced today that it has agreed to acquire Rock Leasing, Inc., based in Warren, IN, and Kelly Logistics, Inc., based in Wadley, AL. The terms and conditions of the transactions were not disclosed. With these acquisitions, Celadon will further expand its breadth of service, now to include temperature control service, as well as an increased number of customer spotting locations and increased multi-tenant warehouse space, in addition to its dry van, intermodal, regional and local coverage.
Celadon Group provides truckload freight transportation. Co. has three segments: asset-based, asset-light, and equipment leasing and services. Co.'s primary asset based services include U.S. domestic dry van, refrigerated, and flatbed service; cross-border service between the U.S. and each of Mexico and Canada; intra-Mexico and intra-Canada service; dedicated contract service; regional short haul service; and rail intermodal service. In addition, Co.'s primary asset light services include freight brokerage, warehousing, less-than truckload consolidation, and supply chain logistics services, while its primary equipment leasing and services include tractor and trailer sales and leasing.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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