CGIP - Celadon Group, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
1.4500
+0.0600 (+4.32%)
At close: 3:55PM EDT
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Previous Close1.3900
Open1.3800
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range1.3800 - 1.5000
52 Week Range0.7300 - 3.7700
Volume77,221
Avg. Volume105,798
Market Cap40.194M
Beta (3Y Monthly)5.47
PE Ratio (TTM)16.86
EPS (TTM)0.0860
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-04-05
1y Target Est10.00
Trade prices are not sourced from all markets
  • Celadon Group Announces Update Concerning Refinancing Efforts and Bank Amendment
    PR Newswire18 days ago

    Celadon Group Announces Update Concerning Refinancing Efforts and Bank Amendment

    INDIANAPOLIS, May 29, 2019 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," "we," or "us") (CGIP) announced today a company and refinancing update and that it has entered into a Seventeenth Amendment to its credit facility that is intended to provide continued liquidity through maturity. The Company's current primary focus areas are executing its operational improvement plan and replacing its existing credit facility with a long-term capital structure.  The operational improvement plan is centered on refreshing the tractor fleet, disposing of real estate not used in trucking operations, and enhancing the operating discipline of its asset-based U.S. and cross-border truckload services.

  • Benzingalast month

    The Economy, Amazon, JBHT, Freight Tech And Digital Brokers Drive The Conversation At Transparency19

    In a panel discussion, "The Bull, the Bear and the Other Guy," moderated by FreightWaves President George Abernathy, insight was provided about the direction of the freight markets and how disruptors and technology will lead the way.

  • Celadon Group Announces Executive Title Changes
    PR Newswirelast month

    Celadon Group Announces Executive Title Changes

    INDIANAPOLIS, May 7, 2019 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," or "we") (CGIP) announced today title changes for certain executive officers. Thom Albrecht will become Executive Vice President and Chief Commercial and Strategy Officer. Mr. Albrecht had previously served as Executive Vice President, Chief Financial and Strategy Officer.

  • Benzinga2 months ago

    FreightRover Shakes Up Leadership Team After Celadon Indictment

    The fallout from Celadon's legal catastrophe continues to roil the world of freight. FreightRover, the Indianapolis-based freight financing firm providing factoring, insurance, load board and fleet management tools, has removed two key executives, CEO Eric Meek and COO Danny Williams, from its leadership team page. Meek was previously the president and chief operating officer of Celadon Group and Williams was president of Quality Companies, a Celadon subsidiary, during a nearly year-long period of accounting irregularities and securities fraud that lasted from June 2016 to April 2017.

  • Celadon Group Divests Assets Associated with Intermodal Business Unit
    PR Newswire2 months ago

    Celadon Group Divests Assets Associated with Intermodal Business Unit

    INDIANAPOLIS, April 26, 2019 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," "we," or "us") (CGIP) announced today that it has disposed of substantially all of the assets associated with its North American "container on flat car" intermodal operations (collectively, the "COFC Intermodal Division") in an all cash transaction. The Company continued its strategic plan to streamline operations, reduce total debt, and focus on its core business by completing the sale of the COFC Intermodal Division to Bison Transport ("Bison"), one of Canada's largest transportation companies.   The sale includes operating personnel, drivers, customer and supplier relationships, containers, and chassis, among other assets.  The COFC Intermodal Division contributed approximately $20.2 million in revenue to the Company's consolidated results for the calendar year ended December 31, 2018.

  • Benzinga2 months ago

    Celadon To Pay Investors $42.2 Million Restitution For Securities Fraud

    Federal officials have ordered Celadon to pay shareholders $42.2 million in restitution after the company's stock plummeted in the wake of ongoing investigations into the company's past accounting practices. The U.S. Attorney for the Southern District of Indiana announced on April 25 that the Indianapolis-based truckload and cross-border carrier entered into a deferred prosecution agreement (DPA) with the U.S. Department of Justice (DOJ) on April 24, as part of a criminal case charging the company with securities fraud. DOJ officials said the case centered on the fact that Celadon had knowingly filed false and misleading statements to investors, and had also falsified books and accounting records to inflate the value of assets involved in four equipment transactions.

  • Celadon Group Announces Resolutions of DOJ and SEC Investigations
    PR Newswire2 months ago

    Celadon Group Announces Resolutions of DOJ and SEC Investigations

    INDIANAPOLIS, April 25, 2019 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," or "we") (CGIP) announced today that it has reached resolutions with the U.S. Department of Justice, Criminal Division, Fraud Section, the U.S. Attorney's Office for the Southern District of Indiana (collectively, the "DOJ"), and the U.S. Securities and Exchange Commission (the "SEC") related to previously disclosed investigations. The investigations related to conduct that occurred prior to the hiring of the Company's current Chief Executive Officer, Chief Financial Officer, and Chief Accounting Officer. Chief Executive Officer, Paul Svindland, commented: "The settlements with DOJ and SEC mark an important milestone.

  • Benzinga2 months ago

    Celadon Group Divests Its Asset-Light Logistics Division

    Celadon Group, Inc. announced that it sold its freight brokerage and managed transportation business, Celadon Logistics, to TA Services, the asset-light division of P&S Transportation on April 16. Two weeks ago, Celadon sold its subsidiary companies A&S Kinard and Buckler Transport to Day & Ross Freight. "The sale of Logistics marks another important milestone in executing our strategic plan to simplify our business and reduce debt," said Celadon CEO Paul Svindland in a statement.

  • Celadon Group Divests Logistics Business Division
    PR Newswire2 months ago

    Celadon Group Divests Logistics Business Division

    INDIANAPOLIS, April 15, 2019 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," "we," or "us") (CGIP) announced today that it has disposed of substantially all of the assets used in its Logistics business division (the "Logistics Division" or "Logistics") in an all cash transaction. The Company continued its strategic plan to streamline operations, reduce total debt, and focus on its core trucking business by completing the sale of Logistics today, with an effective financial transfer date of April 1, 2019.  The purchaser was TA Services, Inc. ("TA Services"), a PS Logistics, LLC ("PS Logistics") subsidiary.  PS Logistics is a rapidly growing full-service provider of asset-based transportation, brokerage, 3PL, and supply chain services. The Logistics Division, which provides a full spectrum of freight brokerage, transportation management, and warehousing solutions, contributed approximately $139 million in revenue to the Company in the fiscal year ended June 30, 2018.

  • Benzinga2 months ago

    Celadon Sells Two Subsidiaries To Day & Ross

    Celadon Group, Inc. (OTCMKTS: CGIP) announced late this afternoon that it "has disposed of its A&S Kinard and Buckler Transport subsidiaries" in an all cash transaction that was effective on March 31.  Celadon also announced it had entered into a Fifteenth Amendment to its credit facility. According to a Celadon press release, the sale is a continuation of its strategic plan to "streamline operations, reduce total debt and focus on its core business." The companies were purchased by Day & Ross Freight, a subsidiary of McCain Foods Limited. Through its subsidiaries, Indianapolis-based Celadon provides long-haul, regional, local, dedicated, intermodal, temperature-protect and expedited freight service across the United States, Canada and Mexico.

  • Celadon Group Divests A&S/Kinard and Buckler Transport Business Units and Amends Credit Agreement
    PR Newswire2 months ago

    Celadon Group Divests A&S/Kinard and Buckler Transport Business Units and Amends Credit Agreement

    INDIANAPOLIS, April 1, 2019 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," "we," or "us") (CGIP) announced today that it has disposed of its A&S Kinard and Buckler Transport subsidiaries (collectively, "A&S/Buckler") in an all cash transaction.  In addition, the Company has entered into a Fifteenth Amendment to its credit facility. The Company continued its strategic plan to streamline operations, reduce total debt, and focus on its core business by completing the sale of A&S/Buckler effective March 31, 2019.  The purchaser was Day & Ross Freight, a leading Canadian LTL and truckload carrier and subsidiary of McCain Foods Limited.  The Company had acquired the A&S/Buckler businesses in 2014-15, and these business units had operated largely on a standalone basis, primarily providing regional, dedicated, and specialized transportation services in the Northeast and Mid-Atlantic regions.

  • Benzinga3 months ago

    Why Talk Of A Freight Recession May Be Premature

    Freight levels have dropped from last year, but panelists at the ACT Research conference this week said they have simply returned to more normal levels. For two days, attendees at the ACT Research Seminar 60 in Columbus, Indiana, heard mixed signals on the economy and specifically the freight environment. Is the freight environment as good as it was last year?

  • GlobeNewswire4 months ago

    Summary Notice of Pendency of Stockholder Derivative Action, Proposed Settlement of Stockholder Derivative Action, Settlement Hearing, and Right to Appear

    INDIANAPOLIS , Feb. 08, 2019 -- The following is being released by Celadon Group, Inc. pursuant to an Order of the Indiana Commercial Court venued in Marion County Superior.

  • Celadon Group Releases Letter with CEO Health Update
    PR Newswire6 months ago

    Celadon Group Releases Letter with CEO Health Update

    INDIANAPOLIS, Dec. 11, 2018 /PRNewswire/ -- Celadon Group, Inc. (CGIP) issued the following message from its Chief Executive Officer, Paul Svindland. A few days ago, I had a planned surgical procedure to remove a benign brain tumor.  The surgery went well, I am home recovering, and I expect to return to the office after the New Year's holiday. Celadon Group, Inc. (www.celadongroup.com), through its subsidiaries, provides long haul, regional, local, dedicated, intermodal, temperature-protect, and expedited freight service across the United States, Canada, and Mexico.

  • Celadon Group Announces Extension of Credit Agreement Maturity Date
    PR Newswire7 months ago

    Celadon Group Announces Extension of Credit Agreement Maturity Date

    INDIANAPOLIS, Nov. 29, 2018 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," "we," or "us") (CGIP) announced today that it has entered into a Twelfth Amendment to its existing credit agreement (the "Amendment"). The principal purpose of the amendment is to provide additional time for the Company to document and close currently ongoing efforts to refinance the existing credit agreement and reduce total debt obligations.

  • Celadon Group Announces Closing of 19th Capital Disposition
    PR Newswire8 months ago

    Celadon Group Announces Closing of 19th Capital Disposition

    INDIANAPOLIS, Oct. 22, 2018 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," "we," or "us") (CGIP) today announced it has completed the sale of its approximately 49.9% equity interest in 19th Capital Group, LLC ("19th Capital") to an affiliate of Element Fleet Management ("Element") for nominal value.  The sale closed on October 19, 2018, pursuant to the Company's previously announced agreement with Element.

  • Celadon Group Announces Agreement to Dispose of Interest in 19th Capital
    PR Newswire8 months ago

    Celadon Group Announces Agreement to Dispose of Interest in 19th Capital

    INDIANAPOLIS, Oct. 2, 2018 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," "we," or "us") (CGIP) today announced it has entered into an agreement to sell its approximately 49.9% equity interest in 19th Capital Group, LLC ("19th Capital") to an affiliate of Element Fleet Management ("Element") for nominal value.

  • Celadon Group Adopts Tax Benefits Preservation Plan to Preserve Substantial Tax Assets
    PR Newswire10 months ago

    Celadon Group Adopts Tax Benefits Preservation Plan to Preserve Substantial Tax Assets

    INDIANAPOLIS, Aug. 10, 2018 /PRNewswire/ -- Celadon Group, Inc. (CGIP) today announced that its Board of Directors has approved the adoption of a tax benefits preservation plan (or "the plan") in the form of a Section 382 Rights Agreement designed to protect and preserve Celadon's substantial tax assets primarily associated with net operating loss carryforwards or NOLs that could potentially be utilized in certain circumstances to offset Celadon Group's future taxable income and reduce its federal income tax liability. Section 382 of the Internal Revenue Code imposes limitations on the future use of a company's NOLs if it undergoes an "ownership change." Celadon Group's ability to benefit from its tax assets would be substantially limited by Section 382 if an "ownership change" was deemed to have occurred.

  • Celadon Group Announces Closing of Amendment to Credit Agreement
    PR Newswire11 months ago

    Celadon Group Announces Closing of Amendment to Credit Agreement

    INDIANAPOLIS , July 16, 2018 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," "we," or "us") (OTCPink: CGIP) today announced the closing of its previously ...

  • Celadon Group Announces Operations Update, Credit Agreement Amendment Term Sheet, and Termination of Previously Announced Term Loan Term Sheet
    PR Newswire11 months ago

    Celadon Group Announces Operations Update, Credit Agreement Amendment Term Sheet, and Termination of Previously Announced Term Loan Term Sheet

    - Operational turnaround continues, with average revenue per seated tractor per week, excluding fuel surcharge revenue, up approximately 16.5% for May 2018 versus May 2017 - Company and existing revolving ...

  • Celadon Group Announces Update on Refinancing, Amendment to Credit Agreement
    PR Newswirelast year

    Celadon Group Announces Update on Refinancing, Amendment to Credit Agreement

    As previously disclosed, Celadon is in the process of pursuing $300 million of new financing, consisting of a $100 million revolving asset-based credit facility and a $200 million term loan and equity financing, which will refinance and replace the Company's existing credit facility.  The Company is continuing to negotiate the definitive transaction documents and work towards satisfying the other conditions to closing the refinancing. In connection with the refinancing process, on June 15, 2018, the Company entered into a Tenth Amendment to its existing credit agreement (the "Amendment").  The Amendment extends the existing financial covenant relief through July 13, 2018.  The Company expects to close the refinancing on or prior to this date and expects to have adequate operating liquidity through closing.