Celadon Buys Teton Transportation Assets

February 29, 2012

SHARING TOOLS        | Print Subscribe
Indianapolis-based Celadon Trucking Services purchased a significant portion of the operating equipment of Teton Transportation, based in Knoxville, Tenn. The deal includes the purchase of approximately 180 tractors and 280 trailers for an undisclosed figure.

"Based on our evaluation of the business, we believe Teton had a solid, core group of quality customers and drivers," says Paul Will, Celadon president and COO. "We expect to integrate and optimize these customers and drivers within our operations promptly and further improve asset productivity. We believe we can enhance the service to Teton's former customers through an upgraded equipment fleet, excellent technology, more available assets for dispatch, and an outstanding safety record."

Celadon expects the acquisition to be accretive by the beginning in the June 2012 quarter.

Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.


ELDs and Telematics

sponsored by
sponsor logo

Scott Sutarik from Geotab will answer your questions and challenges

View All

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All