Celadon Group Inc. has announced that one of its wholly owned subsidiaries has purchased the truckload business and certain tractors and trailers of Air Road Express Inc.

Air Road will continue to provide asset-based logistics services with its LTL consolidation and warehousing operations. According to the seller's unaudited financial statements, the Indianapolis-based transportation company generated approximately $26 million in gross revenue from its truckload operations, including fuel surcharge, in 2006.
Steve Russell, Celadon's chairman and CEO, stated, "We are delighted with the Air Road acquisition and expect it to follow the pattern established in our acquisitions of Warrior, Digby Truck Lines, CX Roberson and Highway Express during the past few years. In those acquisitions, as in this one, our goals are to continue to broaden our customer base with quality customers, add density in our primary traffic lanes, and gain experienced drivers."