A federal bankruptcy judge in Wilmington, Del., on Jan. 3 gave approval for Celadon Group Inc. to pay $4.6 million to drivers and other employees who were expecting paychecks from the company, which on Dec. 9 shut down and entered bankruptcy.

Celadon Group on Dec. 10 appeared in a federal bankruptcy court in Wilmington, Del., the day after it announced plans to file for Chapter 11 bankruptcy and wind down its operations under the weight of huge debt obligations and a weakening trucking market.

A Wall Street analyst who tracks Celadon Group said a lack of time and weakness in the trucking sector contributed to the company’s decision to file for bankruptcy and close its doors. 

The leaders of beleaguered carrier Celadon Group said they were focused on “getting back to basics” after a year of turmoil and an inevitable delisting of its stock by the New York Stock Exchange.

NASHVILLE, Tenn. — Dave Chesterman, vice president of recruiting for Celadon Group Inc., was named Transport Topics’ Recruiting Professional of the Year at the 2018 Recruitment & Retention Conference Feb. 23.

Celadon Group is getting out of the flatbed business, striking a deal to sell all of the assets of its flatbed division to PS Logistics in Birmingham, Ala., company officials announced Sept. 18.

Paul Will, a 24-year executive with truckload carrier Celadon Group Inc., will be replaced as chairman and CEO on July 24.

The truckload industry continued to struggle in the second quarter and earnings are expected to be down year-over-year for most carriers, based on forecasts from industry analysts and interviews with several fleets.

Celadon will record a goodwill impairment charge up to $62.4 million before taxes as part of a review into the company’s value after questions arose about how it valued used trucks transferred to a joint venture last year.