TruckersB2B Turns a Profit

TruckersB2B, the web-based buying cooperative for truckers, has crossed into profitable territory.

TruckersB2B’s parent company, Celadon Group of Indianapolis, reported that its e-commerce subsidiary recorded a profit of $91,000 for the quarter ended in June. That compares with a $4 million loss in the same quarter last year.
Michael Dunlap, COO of TruckersB2B, said that membership has grown to more than 9,400 fleets representing more than 300,000 trucks.
"The growing popularity of our program is demonstrated by the fact that over 100,000 trucks are using our fuel network and over 3,500 fleets are earning rebate checks,” said Dunlap. “We are confident of continued, profitable growth."
The good news for TruckersB2B helped ease the pain of a reported quarterly loss of $300,000 for Celadon, which also operates Celadon Trucking Services, a truckload carrier noted for its extensive business to and from Mexico and Canada.
Since Celadon is a publicly traded stock company, its mandatory financial reports provide a rare, though limited, look into the financial health of an Internet-based operation. Most high-profile Internet operations in trucking are privately owned, some still spending investors’ capital.