Celadon Group, Indianapolis, has sold Cheetah Transportation, its flatbed business, to American Trans-Freight of Morrisville, Pa.

Cheetah represented approximately 8 percent of total revenue and was not strategic to the future of the company, which is primarily a van truckload business, said Steve Russell, chairman and chief executive officer. "We had acquired Cheetah in June 1995 and, with the sale, achieved an overall average annual return of approximately 15 percent."
The company expects its June quarter financials to be substantially better than the March quarter.
"Although weakness in the economy continues to impact our utilization, higher seated count, improved fuel consumption, and the continued growth of our business between the U.S. and Mexico have accounted for the gains compared with the March quarter," said Dave Shatto, executive vice president operations. "We anticipate trucking to approach breakeven in the June quarter."
The TruckersB2B operation, which, turned profitable in April and achieved higher profits in May, is now expected to be consistently profitable.
The company expects to return to profitability during its next fiscal year, which begins July 1.