Celadon Buys Virginia Trucking Company Warrior Xpress
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Truckload carrier Celadon Group said Wednesday that one of its subsidiaries purchased the truckload business and tractors and trailers of Warrior Xpress for about $8.3 million.
Warrior, a trucking company based in Charles City, Va., generated about $20 million in revenue last year, according to unaudited statements, Celadon said.Warrior has about 150 trucks, most of them leased, and 350 trailers, all of them leased, according to American Trucking Associations' 2005 fleet directory.“We believe Warrior had a core group of quality customers and drivers, but suffered from the excessive cost structure that plagues many mid-sized carriers,” said Steve Russell, Celadon’s chairman and chief executive officer.Celadon Buys Virginia Trucking Company Warrior XpressTruckload carrier Celadon Group said Wednesday that one of its subsidiaries purchased the truckload business and tractors and trailers of Warrior Xpress for about $8.3 million.Warrior, a trucking company based in Charles City, Va., generated about $20 million in revenue last year, according to unaudited statements, Celadon said.“We believe Warrior had a core group of quality customers and drivers, but suffered from the excessive cost structure that plagues many mid-sized carriers,” said Steve Russell, Celadon’s chairman and chief executive officer.Celadon is ranked No. 58 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
Truckload carrier Celadon Group said Wednesday that one of its subsidiaries purchased the truckload business and tractors and trailers of Warrior Xpress for about $8.3 million.
Warrior, a trucking company based in Charles City, Va., generated about $20 million in revenue last year, according to unaudited statements, Celadon said.Warrior has about 150 trucks, most of them leased, and 350 trailers, all of them leased, according to American Trucking Associations' 2005 fleet directory.“We believe Warrior had a core group of quality customers and drivers, but suffered from the excessive cost structure that plagues many mid-sized carriers,” said Steve Russell, Celadon’s chairman and chief executive officer.Celadon Buys Virginia Trucking Company Warrior XpressTruckload carrier Celadon Group said Wednesday that one of its subsidiaries purchased the truckload business and tractors and trailers of Warrior Xpress for about $8.3 million.Warrior, a trucking company based in Charles City, Va., generated about $20 million in revenue last year, according to unaudited statements, Celadon said.“We believe Warrior had a core group of quality customers and drivers, but suffered from the excessive cost structure that plagues many mid-sized carriers,” said Steve Russell, Celadon’s chairman and chief executive officer.Celadon is ranked No. 58 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
