Celadon’s 2Q Net Income Increases

Celadon Group said late Wednesday its fiscal second-quarter profit jumped almost 35% on operating efficiencies and cost control.

Net income rose to $7.4 million, or 32 cents a share, from $5.5 million, or 24 cents, a year earlier. Revenue for the quarter ended Dec. 31 rose 2.7% to $148.1 million.

Freight revenue excluding fuel surcharges rose 1.5% to $116.8 million, the truckload carrier said.

Average rate per loaded mile increased 2% to $1.56 from the same quarter last year.

In December, the company named Paul Will the company’s CEO, and announced Steve Russell will continue as the company’s chairman.

Celadon Group is ranked No. 44 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.