Knowledge (XXG)

Celadon Group

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The company received $ 165 million from the sale of 49.9% of the company to Luminus Management four months before filing. The trucking company was delisted from the New York Stock Exchange in 2017, for failure to disclose quarterly and annual reports as required by SEC, and along with a poor trucking
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On December 5, 2019, the SEC charged former Celadon president and COO William Eric Meek and former CFO Bobby Peavler with accounting fraud. In parallel, the U.S. Attorney's Office for the Southern District of Indiana and the U.S. Department of Justice, Fraud Section announced Williams had pled guilty
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The NYSE suspended trading of Celadon's stock in April, 2018 and moved to remove its listing following an internal investigation which would require Celadon to restate financial results back to 2014. Subsequently, it was found that the errors were the result of a series of trades of aging and unused
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On December 8, 2019, Celadon Group, Inc. and 25 affiliates filed for bankruptcy protection with the intent to fully dissolve the business. Primary business unit Celadon Trucking as well as two subsidiaries, Jaguar Transportation and Hyndman Transport, were shut down in December 2019 while the final
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In 2013 Celadon acquired Lakeland, Florida-based dry van carrier Land Span which had been founded in 1932. Land Span was operated as a wholly-owned subsidiary of Celadon. In 2015, the company acquired Taylor Express, a Hope Mills, North Carolina trucking company founded in 1987 for $ 43 million.
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The court, in a first stage bankruptcy plan, authorized the use of $ 5.4 million of an $ 8.2 million loan to pay employees. The closing also includes Hyndman Transport, that ends 82 years of operation, and Jaguar Transportation, leaving Taylor Express in Hope Mills, North Carolina as the only
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On April 25, 2019, it was announced that Celadon Group Inc. had agreed to pay total restitution of $ 42.2 million as a part of its deferred prosecution agreement (DPA) for filing materially false and misleading statements to investors and falsifying books, records and accounts.
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informed the company that it had failed to meet the exchange's listing standard and the company's stock could be delisted in six months. The noncompliant financials put Celadon into default with its lenders. The company reached a new credit deal with
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In April 2019, Celadon sold its logistics division, Celadon Logistics, to TA Services, a Mansfield, Texas-based division of PS Logistics. Celadon Logistics would run independently for the first 6 months then be folded into TA Logistics.
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operating business in the group. Taylor was sold to White Willow Holdings of Newfields, New Hampshire in January 2020 for $ 14.5 million, a substantial discount off the $ 43 million Celadon paid for Taylor in 2015.
2516: 428:(SEC) charged Danny Williams, the former President of former Celadon subsidiary Quality Companies, with accounting fraud which had allowed Celadon to hide "substantial losses" and its true financial state. 986: 2546: 756: 844: 354:. It was one of the ten largest truckload carriers in North America and at its peak operated 4,000 trucks and owned an additional 11,000 trucks through Quality Equipment, its leasing division. 441: 696: 535: 979: 901: 631: 2551: 564: 2531: 2526: 2521: 448:
in October 2019, the company had 2,771 trucks and 2,553 drivers, and was listed as the 38th largest carrier in North America. Celadon sent messages to the drivers (by
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market as well as the legal issues, that included a $ 42.2 million fine by the U.S. Department of Justice, made securing more funding impossible.
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In March 2020, Celadon auctioned off assets from the company headquarters and driver dorms as part of their bankruptcy agreement.
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on July 3 after agreeing to a host of operating and reporting restrictions. CEO Paul Will announced his retirement on July 13.
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was founded in 1985 by Stephen Russell and Leonard Bennet. Initially, the company hauled automotive parts to a Mexican
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trucks using invoices with deliberately inflated values to intentionally hide significant losses from its investors.
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had determined that the financial statements for the 2016 fiscal year “should not be relied upon.” On May 8, the
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plant using leased tractors and trailers. The company's name was chosen by Russell as a reference to the
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subsidiary, Taylor Express, continued operating and was sold in January 2020 to White Willow Holdings.
2475: 2362: 2166: 1873: 1591: 1298: 214: 778:"SEC Charges Former Executive of Indianapolis-Based Truckload Freight Company with Accounting Fraud" 2470: 2317: 2194: 2001: 1898: 1648: 1464: 1376: 1370: 1275: 1211: 1189: 2432: 2254: 2138: 2011: 1991: 1940: 1883: 1696: 1624: 1596: 1586: 1551: 1541: 1515: 1194: 1157: 347: 2446: 26: 2403: 2261: 2173: 2131: 1878: 1474: 1247: 1087: 777: 662: 51: 2352: 2247: 2240: 2145: 1903: 1868: 1858: 1848: 1770: 1058: 1038: 947: 933: 270: 2342: 2152: 1853: 1789: 1635: 1629: 1581: 1566: 1524: 1489: 1398: 1382: 1320: 1122: 1093: 941: 508: 406: 326: 2159: 964: 2275: 2215: 1955: 1893: 1840: 1755: 1685: 1408: 1314: 1144: 37: 2510: 2393: 2307: 2052: 1930: 1825: 1728: 1670: 1606: 1571: 1423: 1364: 1253: 45: 841:"Bankrupt Celadon's Mexican carrier Jaguar Transportation reportedly halts services" 528:"Celadon bankruptcy, biggest in truckload history, expected by midweek (with video)" 2388: 1733: 1561: 1454: 1433: 1358: 1226: 1199: 1099: 440:
On December 8, 2019, Celadon Group, Inc. and 25 affiliates filed bankruptcy in the
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On May 1, 2017 the company announced that COO Eric Meek had resigned after auditor
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The company went public via an IPO in 1994 and was listed on the
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United States District Court for the District of Delaware
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Companies formerly listed on the New York Stock Exchange
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Companies that filed for Chapter 11 bankruptcy in 2019
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Heavy Duty Trucking. 15 April 2019. 567:from the original on December 13, 2019 302:Celadon Trucking Services (until 2019) 2493:Note: Defunct companies are shown in 2064:National Motor Freight Classification 1480:Utility Trailer Manufacturing Company 7: 1034:Federal Bridge Gross Weight Formula 729:from the original on 16 August 2021 699:from the original on 16 August 2021 634:from the original on 16 August 2021 603:from the original on 16 August 2021 538:from the original on 14 April 2021 426:Securities and Exchange Commission 308:Jaguar Transportation (until 2019) 14: 2323:Eighteen Wheels and a Dozen Roses 2426:18 Wheeler: American Pro Trucker 940: 926: 653:Smith, Jennifer (3 April 2018). 329: (archived December 8, 2019) 278: 277: 256: 255: 234: 233: 209: 208: 25: 1044:International Registration Plan 904:from the original on 2020-03-04 847:from the original on 2019-12-14 817:from the original on 2019-12-06 788:from the original on 2019-12-25 759:from the original on 2019-07-18 335:Footnotes / references 2542:1985 establishments in Indiana 2454:Big Rigs: Over the Road Racing 2079:SmartWay Transport Partnership 2074:National Private Truck Council 2048:American Trucking Associations 591:Ronan, Dan (24 January 2020). 305:Hyndman Transport (until 2019) 299:Celadon Logistics (until 2019) 1: 687:Huff, Aaron (15 April 2019). 622:Mall, Scott (11 March 2021). 432:to related criminal charges. 1800:United States Postal Service 1724:American Lamprecht Transport 1029:Electronic on-board recorder 1010:Economy of the United States 2303:Bonnie Jean (Little Sister) 2298:Big Wheels in the Moonlight 1864:Gentle Giant Moving Company 1054:Motor carrier safety rating 1024:Commercial driver's license 2568: 2358:Roll On (Eighteen Wheeler) 2209:The Great Smokey Roadblock 693:Commercial Carrier Journal 377:style of Chinese pottery. 311:Taylor Express (2015–2020) 136:Bankruptcy as a result of 2488: 2087: 1666:Old Dominion Freight Line 1660:New England Motor Freight 1617:Less than truckload (LTL) 1049:Motor Carrier Act of 1980 1002: 472:Celadon Trucking Services 333: 323:Archived official website 24: 2440:American Truck Simulator 1809:Regional parcel carriers 1718:Access America Transport 1643:Consolidated Freightways 2188:Smokey & the Bandit 1751:Total Quality Logistics 402:New York Stock Exchange 382:New York Stock Exchange 2293:A Tombstone Every Mile 1577:Patriot Transportation 85:; 39 years ago 2333:Girl on the Billboard 1936:Bowlin Travel Centers 1708:Third-party logistics 1443:Trailer manufacturers 1222:Hyundai Motor America 892:Ashley (2020-03-03). 478:Jaguar Transportation 352:Indianapolis, Indiana 149:Indianapolis, Indiana 120:; 4 years ago 118:December 8, 2019 2476:The Rolling Memorial 2363:Six Days on the Road 2313:Drivin' My Life Away 1392:Engine manufacturers 813:. December 5, 2019. 563:. 12 December 2019. 424:On May 9, 2019, the 2471:Citizens band radio 2318:East Bound and Down 2202:The Gang's All Here 2195:They Drive by Night 2002:J. Harwood Cochrane 1899:Two Men and a Truck 1649:Estes Express Lines 1075:Truck manufacturers 869:. 9 December 2019. 659:Wall Street Journal 444:. According to the 350:company located in 344:Celadon Group, Inc. 283:US$ 381.015 million 21: 20:Celadon Group, Inc. 2433:18 Wheels of Steel 2255:B. J. and the Bear 1992:Frederick W. Smith 1941:Dixie Travel Plaza 1697:Yellow Corporation 1552:FFE Transportation 755:. April 25, 2019. 507:2016-11-11 at the 348:truckload shipping 239:US$ 24.844 million 2504: 2503: 2484: 2483: 2404:Road Dog Trucking 2262:Ice Road Truckers 2174:Maximum Overdrive 2132:Breaker! Breaker! 1917: 1916: 1503: 1502: 1470:Hyundai Translead 1248:Marmon-Herrington 1088:American LaFrance 1004:Regulated by the 484:Quality Equipment 475:Hyndman Transport 341: 340: 261:US$ 1.103 billion 2559: 2497: 2373:The White Knight 2353:Roll On Big Mama 2248:American Trucker 2241:American Loggers 2223:White Line Fever 2107: 1841:Moving companies 1512: 1072: 1059:National Network 1039:Hours of service 989: 982: 975: 966: 961: 960: 958:Official website 950: 948:Transport portal 945: 944: 936: 934:Companies portal 931: 930: 929: 913: 912: 910: 909: 889: 883: 882: 880: 878: 863: 857: 856: 854: 852: 837: 826: 825: 823: 822: 803: 797: 796: 794: 793: 774: 768: 767: 765: 764: 745: 739: 738: 736: 734: 715: 709: 708: 706: 704: 684: 678: 677: 675: 673: 650: 644: 643: 641: 639: 619: 613: 612: 610: 608: 597:Transport Topics 588: 577: 576: 574: 572: 557: 548: 547: 545: 543: 523: 512: 499: 384:(NYSE) in 2009. 285: 284: 281: 280: 273: 263: 262: 259: 258: 251: 241: 240: 237: 236: 219: 218: 212: 211: 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Robinson 1727: 1725: 1722: 1720: 1719: 1715: 1714: 1712: 1709: 1705: 1699: 1698: 1694: 1692: 1689: 1687: 1684: 1682: 1679: 1677: 1674: 1672: 1669: 1667: 1664: 1662: 1661: 1657: 1655: 1652: 1650: 1647: 1645: 1644: 1640: 1638: 1637: 1633: 1631: 1628: 1626: 1623: 1622: 1620: 1618: 1614: 1608: 1607:WTI Transport 1605: 1603: 1600: 1598: 1595: 1593: 1590: 1588: 1585: 1583: 1580: 1578: 1575: 1573: 1572:PAM Transport 1570: 1568: 1565: 1563: 1560: 1558: 1555: 1553: 1550: 1548: 1545: 1543: 1540: 1538: 1535: 1533: 1532: 1528: 1526: 1523: 1522: 1520: 1517: 1513: 1510: 1506: 1496: 1493: 1491: 1488: 1486: 1483: 1481: 1478: 1476: 1473: 1471: 1468: 1466: 1463: 1461: 1458: 1456: 1453: 1451: 1448: 1447: 1445: 1441: 1435: 1432: 1430: 1427: 1425: 1424:Mercedes-Benz 1422: 1420: 1417: 1415: 1412: 1410: 1407: 1405: 1402: 1400: 1397: 1396: 1394: 1390: 1384: 1381: 1379: 1378: 1374: 1372: 1369: 1367: 1366: 1365:Ward LaFrance 1362: 1360: 1357: 1355: 1352: 1350: 1347: 1345: 1344: 1340: 1338: 1335: 1333: 1330: 1328: 1325: 1323: 1322: 1318: 1316: 1313: 1311: 1308: 1306: 1303: 1301: 1300: 1296: 1294: 1293: 1289: 1287: 1284: 1282: 1279: 1277: 1274: 1272: 1269: 1267: 1264: 1262: 1261: 1257: 1255: 1254:Mercedes-Benz 1252: 1250: 1249: 1245: 1243: 1240: 1238: 1235: 1233: 1232:International 1230: 1228: 1225: 1223: 1220: 1218: 1215: 1213: 1210: 1208: 1207: 1203: 1201: 1198: 1196: 1193: 1191: 1188: 1186: 1183: 1181: 1178: 1174: 1173: 1169: 1167: 1166: 1162: 1161: 1160: 1159: 1155: 1153: 1152: 1148: 1146: 1143: 1141: 1138: 1136: 1133: 1131: 1130: 1126: 1124: 1121: 1119: 1116: 1114: 1113: 1109: 1107: 1104: 1102: 1101: 1097: 1095: 1092: 1090: 1089: 1085: 1083: 1080: 1079: 1077: 1073: 1070: 1068:Manufacturers 1066: 1060: 1057: 1055: 1052: 1050: 1047: 1045: 1042: 1040: 1037: 1035: 1032: 1030: 1027: 1025: 1022: 1021: 1019: 1015: 1011: 1007: 1001: 997: 990: 985: 983: 978: 976: 971: 970: 967: 959: 954: 953: 949: 943: 938: 935: 924: 919: 903: 899: 895: 888: 885: 872: 868: 862: 859: 846: 842: 836: 834: 832: 828: 816: 812: 808: 802: 799: 787: 783: 779: 773: 770: 758: 754: 750: 744: 741: 728: 724: 720: 714: 711: 698: 694: 690: 683: 680: 668: 664: 660: 656: 649: 646: 633: 629: 625: 618: 615: 602: 598: 594: 587: 585: 583: 579: 566: 562: 556: 554: 550: 537: 533: 529: 522: 520: 518: 514: 510: 506: 503: 498: 495: 488: 483: 480: 477: 474: 471: 470: 466: 464: 461: 457: 453: 451: 450:ELD messaging 447: 443: 435: 433: 429: 427: 422: 418: 414: 410: 408: 403: 399: 391: 389: 385: 383: 378: 376: 372: 368: 361: 359: 355: 353: 349: 345: 336: 332: 328: 324: 321: 317: 310: 307: 304: 301: 298: 297: 295: 293: 289: 275: 272: 267: 253: 250: 245: 231: 228: 223: 217:1.065 billion 216: 206: 202: 195: 191: 188: 185:Jon Russell ( 184: 181: 177: 176: 174: 168: 165:North America 164: 158: 154:United States 150: 146: 142: 139: 135: 131: 117: 113: 106: 103: 102: 100: 96: 82: 78: 72: 69: 67: 64: 63: 61: 57: 53: 50: 47: 42: 39: 36: 32: 28: 23: 2494: 2452: 2447:Rig 'n' Roll 2445: 2438: 2431: 2424: 2389:Dale Sommers 2274: 2267: 2260: 2253: 2246: 2239: 2221: 2214: 2207: 2200: 2193: 2186: 2181:Over The Top 2179: 2172: 2165: 2160:High-Ballin' 2158: 2151: 2144: 2137: 2130: 2123: 2116: 1734:Freightquote 1716: 1695: 1681:Southeastern 1671:R+L Carriers 1658: 1641: 1634: 1562:Knight-Swift 1530: 1529: 1375: 1371:Western Star 1363: 1341: 1319: 1297: 1290: 1258: 1246: 1204: 1190:Freightliner 1170: 1163: 1156: 1149: 1127: 1110: 1098: 1086: 906:. Retrieved 897: 887: 877:December 14, 875:. Retrieved 861: 851:December 14, 849:. Retrieved 819:. Retrieved 810: 801: 790:. Retrieved 781: 772: 761:. Retrieved 752: 743: 731:. Retrieved 723:Truckinginfo 722: 713: 701:. Retrieved 692: 682: 670:. Retrieved 658: 648: 636:. Retrieved 628:FreightWaves 627: 617: 605:. Retrieved 596: 571:December 14, 569:. Retrieved 540:. Retrieved 532:FreightWaves 531: 497: 467:Subsidiaries 462: 458: 454: 439: 430: 423: 419: 415: 411: 395: 386: 379: 366: 365: 356: 343: 342: 334: 292:Subsidiaries 286: (2016) 271:Total equity 264: (2016) 249:Total assets 242: (2016) 220: (2016) 144:Headquarters 34:Company type 2418:Video games 2348:Phantom 309 2007:Jimmy Hoffa 1997:Iyman Faris 1961:Road Ranger 1923:Truck stops 1399:Caterpillar 1332:Tiger Truck 1305:Shyft Group 1158:Diamond Reo 1123:Caterpillar 1017:Regulations 753:justice.gov 672:10 February 638:10 February 542:10 February 161:Area served 2511:Categories 2368:Teddy Bear 2328:Giddyup Go 2233:Television 2022:Kelly Reno 1874:Interstate 1557:J. B. Hunt 1465:Great Dane 1286:Ram Trucks 1082:AM General 908:2020-03-04 821:2019-12-05 792:2019-12-25 763:2019-12-05 489:References 436:Bankruptcy 227:Net income 171:Key people 125:2019-12-08 2408:Dave Nemo 2398:Bill Mack 2338:Movin' On 2269:Movin' On 2125:Breakdown 2118:Black Dog 2012:John Hunt 1976:Town Pump 1879:Mayflower 1821:LaserShip 1790:Greyhound 1761:XPO, Inc. 1741:CaseStack 1710:providers 1691:XPO, Inc. 1587:Schneider 1516:Truckload 1419:MaxxForce 1349:UD Trucks 1281:Peterbilt 1165:Diamond T 1135:Chevrolet 733:16 August 703:16 August 667:0099-9660 607:16 August 511:. sec.gov 71:Logistics 66:Transport 46:Traded as 2167:Joy Ride 2153:F.I.S.T. 1884:National 1773:carriers 1542:Covenant 1518:carriers 1485:Vanguard 1460:Fruehauf 1455:Fontaine 1321:Sterling 1260:Moreland 1242:Kenworth 1118:BYD Auto 1112:Brockway 902:Archived 871:Archived 845:Archived 815:Archived 786:Archived 757:Archived 727:Archived 697:Archived 632:Archived 601:Archived 565:Archived 536:Archived 505:Archived 398:BKD, LLP 371:Chrysler 98:Founders 90:May 1985 83:May 1985 59:Industry 52:OTC Pink 2495:italics 2394:Red Eye 2216:Trucker 1966:Roady's 1946:Iowa 80 1909:Wheaton 1531:Celadon 1404:Cummins 1343:Traffic 1315:Spartan 1299:Schacht 1276:Oshkosh 1106:Bremach 1094:Autocar 898:CDLLife 375:Celadon 367:Celadon 362:History 325:at the 319:Website 204:Revenue 123: ( 115:Defunct 88: ( 80:Founded 2308:Convoy 2139:Convoy 1985:People 1951:Love's 1904:United 1869:Global 1859:Bekins 1849:Allied 1831:OnTrac 1597:Werner 1495:Wilson 1450:Daseke 1429:Paccar 1337:Toyota 1292:Selden 1271:Nissan 1100:Bering 665:  346:was a 54:: CGIP 38:Public 2464:Other 2382:Radio 2286:Music 1854:Atlas 1785:FedEx 1746:Ryder 1654:FedEx 1592:Swift 1434:Volvo 1377:White 1359:Volvo 1327:Tesla 1310:Smith 1237:Isuzu 1227:Hyzon 1206:Hayes 1185:Dodge 1129:Chase 392:Fraud 138:fraud 2146:Duel 2110:Film 1894:PODS 1676:Saia 1547:CRST 1414:Mack 1266:Mack 1217:Hino 1212:Fuso 1195:Ford 1180:Dina 1151:Dart 879:2019 853:2019 735:2021 705:2021 674:2022 663:ISSN 640:2022 609:2021 573:2019 544:2022 215:US$ 133:Fate 1826:LSO 1816:GLS 1795:UPS 1780:DHL 1625:ABF 1537:CFI 1354:VIA 1200:GMC 1172:Reo 1140:CCC 811:SEC 782:SEC 194:CFO 187:COO 180:CEO 2513:: 900:. 896:. 830:^ 809:. 784:. 780:. 751:. 721:. 695:. 691:. 661:. 657:. 630:. 626:. 599:. 595:. 581:^ 552:^ 534:. 530:. 516:^ 152:, 2410:) 2406:( 2400:) 2396:( 988:e 981:t 974:v 911:. 881:. 855:. 824:. 795:. 766:. 737:. 707:. 676:. 642:. 611:. 575:. 546:. 196:) 189:) 182:) 127:) 92:)

Index


Public
Traded as
OTC Pink
Transport
Logistics
fraud
Indianapolis, Indiana
CEO
COO
CFO
US$
Net income
Total assets
Total equity
Subsidiaries
Archived official website
Wayback Machine
truckload shipping
Indianapolis, Indiana
Chrysler
Celadon
New York Stock Exchange
BKD, LLP
New York Stock Exchange
Bank of America
Securities and Exchange Commission
United States District Court for the District of Delaware
Federal Motor Carrier Safety Administration
ELD messaging

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