Celadon Acquires Equipment Assets from Hiner Transport

June 8, 2012

SHARING TOOLS        | Print Subscribe
Celadon Trucking Services, Indianapolis, has agreed to purchase a portion of the operating equipment of Hiner Transport LLC, Huntington, Ind.
The terms and conditions of the transaction were not disclosed.

The transaction is the fourth acquisition for Celadon since last October.

"As with previous acquisitions, the Hiner deal provides quality customer gains, incremental density in key traffic lanes, and access to an experienced driver pool", says Paul Will, president and COO.

"Hiner had a solid, core group of customers and drivers, and we expect to fully integrate these groups within our operations in a prompt, efficient manner," Will said.

Hiner Transport, founded in 1967 by Homer F. Hiner, operates about 200 tractors in regional and long-haul service, according to the company's website.

Acquisitions over the past year increased Celadon's seated tractor count by 218, or 8.3%, the company said in its latest quarterly earnings statement.

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.



The expert, Mark Betner from CITGO, will answer your questions

View All



The expert, Rence Oliphant from Hendrickson, will answer your questions

View All