Celadon Group Purchases Truckload Van Assets from Warrior Xpress
INDIANAPOLIS, IN – One of Celadon Group Inc.'s wholly-owned subsidiaries purchased the truckload business and certain tractors and trailers of Warrior Services Inc. (“Warrior”) for approximately $8.3 million.
INDIANAPOLIS, IN – One of Celadon Group Inc.’s wholly-owned subsidiaries purchased the truckload business and certain tractors and trailers of Warrior Services Inc. (“Warrior”) for approximately $8.3 million. According to the seller’s unaudited financial statements, the Charles City, Virginia-based transportation company generated approximately $20 million in gross revenue in 2006.
Steve Russell, chairman and CEO, said, “… our goals are to continue to broaden our customer base with quality customers, add density in our primary traffic lanes, and gain experienced drivers.”
Celadon Group Inc., through its subsidiaries, primarily provides long-haul, full-truckload freight service across the United States, Canada, and Mexico. The company also owns TruckersB2B Inc., which provides cost savings to member fleets.
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