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Stock Market & Financial Investment News

News Breaks
January 14, 2014
06:14 EDTCGICeladon Group downgraded to Hold from Buy at Stifel
Stifel downgraded Celadon following checks that indicate lackluster truckload freight volume demand, a slow ramp in driver school graduates, low dry van truckload increases, and high expectations.
News For CGI From The Last 14 Days
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October 29, 2014
17:27 EDTCGICeladon Group reports Q1 EPS 34c, consensus 34c
Reports Q1 revenue $193.4M, consensus $202.75M.
October 27, 2014
14:29 EDTCGICeladon Group acquires A&S Services Group for $55M, assumes leases
Celadon Group announced the acquisition of A&S Services Group, a regional for-hire and dedicated truckload carrier based in New Freedom, PA. A&S's fleet operations provide dry van transportation services almost exclusively and principally serve the Mid-Atlantic and Northeast regions. Celadon anticipates the present management team to remain in place and continue to operate independently under the A&S Kinard name and with the A&S personnel, principles and procedures. At the present time, A&S is approximately a 500 truck, 1,500 trailer asset-based carrier with approximately 500,000 square feet of warehouse space. Celadon paid $55M at closing and assumed $31.8M in operating leases that Celadon will capitalize and record on its balance sheet for approximately $74.9M of tangible net assets. Of the closing amount, $2.75M was held in escrow to secure indemnification obligations.
13:36 EDTCGICeladon Group trading halted, news pending
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October 21, 2014
17:01 EDTCGICeladon Group divides CFO role
The company announced the division of the CFO role into separate Principal Accounting Officer and Principal Financial Officer positions. Bobby Peavler has been appointed Vice President and Principal Accounting Officer. Leslie Tarble has been appointed Vice President, Treasurer and Principal Financial Officer. She previously held the position of Vice President of Finance at Celadon.
16:59 EDTCGICeladon Group names Eric Meek as COO, effective immediately
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