updated: 6/8/2012 12:11:03 PM
Indianapolis-based Celadon Trucking Services Inc. has agreed to acquire part of the operating equipment of Hiner Transport LLC in Huntington. The move comes after parent company, Celadon Group Inc. (NYSE: CGI), announced the purchase of a significant amount of equipment from Tennessee-based Teton Transportation Inc. earlier this year.
June 8, 2012
June 8, 2012
INDIANAPOLIS --Celadon Trucking Services, Inc., a wholly-owned subsidiary of Celadon Group, Inc. (NYSE:CGI) 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. (www.celadongroup.com), 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.
Source: Celadon Group Inc.