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News Breaks
April 1, 2014
12:40 EDTCGICeladon Group announces sale of lease portfolio assets
Celadon Group announced that it has agreed to sell its independent contractor lease portfolio and associated assets to Element Financial. The existing portfolio includes approximately 600 leases and tractors that are currently in service with independent contractors with Celadon and other partner carriers. The purchase price of the transaction is approximately $53M, which the company expects to use the funds to pay down its bank line. As part of this transaction, the company has also entered into a Program Agreement with Element under which Element will provide financing for the renewal and expansion of the transportation assets operated by independent lessees under contract to Celadon.
News For CGI From The Last 14 Days
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July 29, 2015
17:12 EDTCGICeladon Group sees capacity continuing to tighten for truckload industry
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17:10 EDTCGICeladon Group reports Q4 EPS 47c, consensus 40c
Reports Q4 revenue $253.27M, consensus $241.70M.
July 27, 2015
08:52 EDTCGINavistar Celadon Group finalized remaining 7,950 orders from Quality Companies
International Truck (NAV) announced it has finalized the remaining 7,950 orders from Quality Companies, a wholly owned subsidiary of Celadon Group (CGI). The 9,000 vehicle commitment consists primarily of International ProStar and LoneStar vehicles powered by Cummins ISX-15 engines, and will be spread across the next three years.

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