Celadon Group Completes Disposition of Flatbed Division
Celadon Group, Inc. announced that it has completed the disposition of substantially all assets associated with its flatbed trucking division to a subsidiary of PS Logistics, LLC.
The Flatbed Division assets include leased and owned trailers. Additionally, the purchaser will enter into contracts covering up to 100 independent contractor flatbed drivers, hire certain flatbed company drivers and operations employees, and assume certain customer contracts associated with the Flatbed Division.
Paul Svindland, Celadon’s Chief Executive Officer, commented: ” We were pleased to offer our people and customers a good home with one of the largest and most successful flatbed operators in the U.S.”
“We are proud to welcome Celadon’s Flatbed Division to the PS Logistics family,” said Scott Smith, Chief Executive Officer of PS Logistics. “We look forward to working with their great flatbed drivers and operations group.”
Category: General Update, News
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