Indianapolis-based Celadon buys Arkansas trucking firm

Indianapolis Business Journal

Friday, December 5, 2008 12:38 PM

The IBJ

Indianapolis long-haul trucking firm Celadon Group Inc. has acquired the assets of Continental Express Inc., a trucking company headquartered in Little Rock, Ark., for $24 million in cash.

The assets include 400 tractors and 1,100 trailers - enough to boost Celadon's rolling capacity by about 13 percent. Also included are Continental's truckload, intermodal and brokerage businesses.

Celadon assumed no Continental liabilities.

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR