CGIP - Celadon Group, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
1.2500
+0.1100 (+9.65%)
At close: 3:59PM EDT
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Previous Close1.1400
Open1.1200
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range1.1200 - 1.3700
52 Week Range0.7300 - 3.4000
Volume181,146
Avg. Volume43,755
Market Cap48.717M
Beta (3Y Monthly)4.23
PE Ratio (TTM)14.53
EPS (TTM)0.0860
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-04-05
1y Target Est6.00
Trade prices are not sourced from all markets
  • Benzinga

    Celadon Announces Former Swift Head Will Lead Trucking Unit Turnaround

    Two weeks after receiving long-term financing, Celadon Group (OTCPink: CGIP) named Richard Stocking, the former chief executive officer of Swift Transportation, as the head of its trucking unit. The Indianapolis-based truckload (TL) carrier announced that it has entered a consulting agreement with DPX Consulting LLC. The consulting firm will provide "broad-based management services," essentially running Celadon Trucking Services, Inc. Notably, Stocking will oversee the trucking unit's operations, serving as the Chief Transformation Officer of Celadon Trucking Services.

  • Celadon Group Engages Former Swift Transportation Company CEO, Richard Stocking, as Celadon Trucking's Chief Transformation Officer
    PR Newswire

    Celadon Group Engages Former Swift Transportation Company CEO, Richard Stocking, as Celadon Trucking's Chief Transformation Officer

    INDIANAPOLIS, Aug. 12, 2019 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," "we," or "us") (CGIP) announced today that it has engaged DPX Consulting LLC ("DPX") and that Richard Stocking, DPX founder and former CEO of Swift Transportation Company, will serve as Chief Transformation Officer of the Celadon Trucking Services, Inc., the Company's primary U.S truckload business ("Celadon Trucking").

  • Benzinga

    Celadon's Outlook Receives A Boost

    Celadon Group announced that it has received $165 million in new long-term financing. The new three-year financing plan consists of a $60 million revolving credit facility and a $105 million term loan. Additionally, the financing partners for the junior tranche of the term loan will receive equity warrants once converted to common shares of CGIP will equal 33 percent of the company's equity.

  • Celadon Group Completes $165 Million in New Long-Term Financing
    PR Newswire

    Celadon Group Completes $165 Million in New Long-Term Financing

    Chief Executive Officer, Paul Svindland, commented: "This financing provides a solid platform for the next stage of our business turnaround.  A strong capital base is critical to providing dependable service for customers, a modern fleet for our drivers, and a stable home for all Celadon associates.

  • Benzinga

    Celadon Announces Extended Maturity On Credit Facility, Increased Borrowing Limit

    Celadon Group (OTCPink: CGIP ) announced the eighteenth amendment to its credit facility which extended the maturity date and increased lending capacity. "The purpose of the amendment is to provide ...

  • Celadon Group Announces Bank Amendment to Extend Maturity Date and Provide Additional Liquidity
    PR Newswire

    Celadon Group Announces Bank Amendment to Extend Maturity Date and Provide Additional Liquidity

    INDIANAPOLIS, June 28, 2019 /PRNewswire/ -- Celadon Group, Inc. ("Celadon," the "Company," "we," or "us") (CGIP) announced today that it has entered into an Eighteenth Amendment to its credit facility to extend the maturity date and provide additional liquidity. On June 28, 2019, the Company entered into an Eighteenth Amendment to its credit facility.  The purpose of the amendment is to provide the Company with additional liquidity and support ongoing operations in a "business as usual" mode.  The Company continues to evaluate a range of financial and strategic alternatives with a goal of maximizing repayment of its credit facility obligations (a "Repayment Transaction") during the extension period.

  • Celadon Group Announces Update Concerning Refinancing Efforts and Bank Amendment
    PR Newswire

    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.

  • Benzinga

    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 Newswire

    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.

  • Benzinga

    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 Newswire

    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.

  • Benzinga

    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 Newswire

    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.

  • Benzinga

    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 Newswire

    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.

  • Benzinga

    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 Newswire

    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.

  • Benzinga

    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?

  • GlobeNewswire

    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 Newswire

    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 Newswire

    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 Newswire

    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.