Cleadon Acquires Trucking Services from USA Dry Van; Terms Not Disclosed
Celadon Trucking Services, Inc., a wholly-owned subsidiary of Celadon Group, Inc. (NYSE: CGI) announced today that it has agreed to purchase a portion of the operating equipment of USA Dry Van Logistics, LLC, based in McAllen, TX. The terms and conditions of the transaction were not disclosed. Celadon's approach is to increase its density in its primary traffic lanes between the US and Mexico and reinforce its driver pool. USA Dry Van is a significant provider of cross border shipments of goods between Mexico and the United States, which enables Celadon to fulfill one of its primary goals of increasing its freight volumes and lane density in its primary freight lanes.
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