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Celadon’s Fiscal Second-Quarter Earnings Rise
Truckload carrier Celadon Group said late Wednesday it earned $6.1 million or 26 cents a share in its fiscal second quarter ended Dec. 31, up from $4.8 million or 21 cents in the same qurter a year earlier.
Revenue rose 2.2% to $122.9 million, Celadon said in a statement. Freight revenue excluding fuel surcharges rose 4.5% to $107.5 million for the quarter.Steve Russell, the company’s chief executive officer, said the “capacity in our industry continues to be constrained by a shortage of qualified drivers. We address the driver shortage by recruiting safe and experienced drivers, providing newer equipment, and offering competitive compensation and lifestyle programs.”Celadon is ranked No. 58 on the 2006 Transport Topics 100 list of the largest U.S. and Canadian for-hire carriers.
