The terms and conditions of the transaction were not disclosed. Celadon's approach in this transaction is to increase its density in its traffic lanes in and out of the Midwest and reinforce its driver pool.
Robinson is a significant provider of truckload shipments in and out of the Midwest, which enables Celadon to fulfill one of its primary goals of increasing its freight volumes and lane density in one of its primary freight lanes.
This is the latest in a number of acquisitions for Celadon, including Hiner Transport in Indiana, Teton Transport in Kentucky, and Texas-based FFE's dry van business.
8/16/2012 Celadon Buys Equipment Assets from USA Dry Van
8/3/2012 Celadon Group Reports Net Income of $9 Million Due to Reduced Costs
6/11/2012 Celadon Acquires Equipment Assets from Hiner Transport