Skip to content

YRC Worldwide Sells Glen Moore to Celadon

Indiana-based Celadon continued its recent streak of acquisitions by buying a signifiant portion of the assets of YRC Worldwide’s Glen Moore truckload subsidiary.

Specific terms of the agreement were not disclosed. YRC’s Glen Moore unit lost $10.3 million through the first three quarters of 2011, with a 113.4 operating ratio.

“Less-than-truckload shipping is what we do best,” said James Welch, chief executive officer for YRC Worldwide. “Our efforts are precisely focused on regaining the North American market leader position in that segment.”

“This is an exciting opportunity for Celadon,” said Paul Will, vice chairman, president and chief operations officer, Celadon Group. “Glen Moore is recognized as an award-winning truckload service provider with leading edge technologies. Its national, regional and dedicated fleet services augment our existing expertise, adding to our scale and accelerating our growth.”

This fall, Celadon also bought a more than 6% stake in USA Truck and tried to initiate merger talks but was rebuffed by the Arkansas-based carrier.

In addition, Frozen Food Express Industries agreed to sell nearly all of the rolling stock from of its former dry van business to Celadon.

Printer Friendly Version

Email This Story

RSS
Bookmark and Share

Fleets: Related News

12/16/2011 – YRC Worldwide Sells Glen Moore to Celadon

Indiana-based Celadon continued its recent streak of acquisitions by buying a signifiant portion of the assets of YRC Worldwide’s Glen Moore truckload subsidiary….
More

12/12/2011 – Small Package Volumes Projected to Spike Today

FedEx Corp. forecasters expect FedEx will move approximately 17 million shipments — almost double its daily average volume — through its global networks today. …
More

12/5/2011 – FedEx Small Package Rates Going up by 4.9% in 2012

FedEx Corp will raise rates for FedEx Ground and FedEx Home Delivery by a net average 4.9% next year, matching the 2011 increase….
More

12/2/2011 – U.S. Xpress Adds Cargo Vans, Straight Trucks to Demand Critical Fleet


U.S. Xpress is adding smaller capacity vehicles in response to customer demand for greater shipping flexibility….
More

12/1/2011 – YRC Board of Directors Approves Reverse Stock Split

YRC Worldwide Inc. held its Annual Meeting of Stockholders Nov. 30, in Overland Park, Kan., where the company’s board of directors to effect a reverse stock split of YRC Worldwide’s common stock….
More

11/30/2011 – Con-way Multimodal Opens Texas Office

Con-way Multimodal is opening a new branch office in Frisco, Texas, a growing suburb of Dallas….
More

11/28/2011 – FMCSA Shuts Down Gunther-clone Clock Transport

Moving with surprising speed, the Federal Motor Carrier Administration last week issued “an imminent hazard” out-of-service order against Clock Transport LLC of Hanover, Md., based on the company’s affiliation with Gunthers Transport….
More

11/21/2011 – UPS Ups Rates by 4.9% for 2012

UPS has new published rates for 2012, including a net increase of 4.9% for UPS Ground packages and a net increase of 4.9% on all UPS Air services and U.S.-origin international shipments….
More

11/17/2011 – U.S. Xpress Expands Coast-to-Coast Reefer Team Service

U.S. Xpress Enterprises has recently expanded its coast-to-coast temperature-controlled expedited team service to 100 trucks. The company expects to expand the fleet to 250 by the end of 2012….
More

11/15/2011 – Holland Launches New Proactive Service Alerts with Seasonal Freeze Protection

Holland has announced an improved Service Alert process that will inform customers about situations that may impact their supply chain….
More

11/14/2011 – CRST Launches Transcontinental Temperature Controlled Team Service

CRST International, Cedar Rapids, Iowa, is offering a a new expedited Transcontinental Temperature Controlled Team Service….
More

11/9/2011 – UPS Gears Up for Holiday Logistics

UPS’s holiday logistical miracle will be bigger and better than ever this year, with global package volume increasing and U.S. residents gaining the ability for the first time to control their deliveries….
More

11/8/2011 – Hub Group Acquires Challenge Transportation

Comtrak Logistics, Inc., a subsidiary of Hub Group, Inc. has acquired certain assets of Challenge Transportation, an intermodal drayage carrier headquartered in Newark, NJ….
More

11/3/2011 – Penske Readies Major U.S. Fuel Facilities for Bulk DEF

By early 2012, Penske Truck Leasing says it will have fully equipped 370 of its major U.S. fueling locations with bulk diesel exhaust fluid to accommodate the growing number of trucks within its fleet using SCR technology….
More

11/2/2011 – TCA Invites Carriers to Apply for Trucking’s Weight Loss Showdown

The Truckload Carriers Association is looking to improve the general health of the trucking industry. It will host Trucking’s Weight Loss Showdown, a competition with prize incentives for the fleet and individual who achieve the greatest percentages of weight loss….
More

11/2/2011 – UPS Freight Takes the Guesswork out of LTL Pickups

UPS now offers an unprecedented level of pickup control for the less-than-truckload (LTL) industry with the launch of UPS Freight Pickup Notifications for LTL….
More

Emil Estafanous, CPA, CFF, CGMA