Celadon Group Inc. (NYSE: CGI) was founded in May 1985, and ranks as one of North AmericaÃƒ‚Ã¢€Ã¢„Ãƒ‚¢s largest truckload carriers based in Indianapolis. The company operates in two main market sectors, international and local.
In international operations, the company offers time-sensitive transportation in and between the U.S. and its two largest trading partners, Canada and Mexico. With roughly 150,000 annual border crossings, the company is believed to be the largest provider of international truckload movements in North America.
Locally, Celadon offers a range of truckload transportation services including long-haul and dedicated. As a dry van truckload carrier, Celadon generally transports full trailer loads of freight from origin to destination without intermediate stops or handling.
CeladonÃƒ‚Ã¢€Ã¢„Ãƒ‚¢s fleet of late model tractors and air-ride high cube trailers together with their comprehensive maintenance program show that their clients benefit from clean, fuel-efficient, professional-looking equipment with maximum cargo capacity and minimal equipment downtime.
Celedon retires their trucks after three years (five, in most companies in the industry) making this company one of the youngest fleets on the road. Their three-to-one trailer to tractor ratio also allows Celadon customers to save time and money by loading in advance.
Celadon has engaged in six acquisitions over the past five years, these allowed the company to expand its operations and service offerings within the United States and significantly improve lane density, freight mix, and customer diversity.
Besides its truckload services, Celadon also owns TruckersB2B, which offers purchasing power for items such as fuel, tires, and equipment to small- and medium-sized member trucking fleets; Celadon Dedicated Services, which provides supply chain management solutions for three Fortune 500 companies; and Celadon Brokerage Services.
Celadon employs approximately 4,000 employees and operates roughly 3,300 tractors and 10,000 trailers. Its customer base includes Fortune 500 shippers such as General Electric, Philip Morris, Wal-Mart, Daimler Chrysler, Procter & Gamble, DuPont, and Target. This company enjoys a revenue exceeding $550 million a year.
Celedon has also been recognized as one of the safest truckload carriers with multiple first-place finishes in the Truckload Carriers AssociationÃƒ‚Ã¢€Ã¢„Ãƒ‚¢s National Fleet Safety Awards among carriers annually hauling over 100 million miles. This company has an array of awards and accreditation you can see on their site.