Celadon Group names Paul Will CEO Celadon Group announced changes to the roles of members of its executive team. The changes are effective immediately. Paul Will has been appointed CEO and president and continues to serve on the board of directors. Will previously served as vice chairman, president, and COO. Steve Russell continues to serve as the company's chairman of the board and remains an executive officer.
Celadon Group upgraded to Buy from Hold at BB&T BB&T upgraded Celadon Group to Buy with a $37 price target and raised estimates above consensus based on improving core operations, tight capacity, pricing exceeding cost inflation. Additionally, the company is developing an Asset-light and Quality Equipment divisions that could potentially be worth $100M in 18 to 24 months.