Celadon

Former subsidiary of bankrupt Celadon acquired by US, Mexican investors

Luminus Management LLC has acquired Mexico-based carrier Jaguar Transportation, a former subsidiary of bankrupt carrier Celadon, in an all-cash stock purchase transaction.

The acquisition includes over 775 tractor-trailers and five freight facilities throughout Mexico, according to a news release. Jaguar Transportation, a trucking company focused on cross-border trade with the U.S., is based in Monterrey, Mexico.

Terms of the acquisition were not disclosed. Jaguar Transportation will remain...

https://www.freightwaves.com/news/former-subsidiary-of-bankrupt-celadon-acquired-by-investors

AWARDS 2022 | Best Small Naval Tug – Céladon – Piriou Group

Best Small Naval Tug – Céladon – Piriou Group The Piriou shipyard in Concarneau in Brittany is renowned globally for the quality of its vessels ranging from fishing ..

The post AWARDS 2022 | Best Small Naval Tug – Céladon – Piriou Group appeared first on Baird Maritime.

https://www.bairdmaritime.com/work-boat-world/tug-and-salvage-world/harbour-tugs-and-operation/awards-2022-best-small-naval-tug-celadon-piriou/

Ex-Celadon trucking executives settle case with SEC

The Securities and Exchange Commission has agreed to settle an accounting fraud case against two former Celadon Group Inc. executives accused of engaging in a scheme to hide millions in losses before the Indianapolis-based trucking company filed for bankruptcy and ceased operations in 2019.

Former Celadon trucking executives Eric Meek and Bobby Peavler agreed to a settlement with the SEC following a Jan. 30 conference, according to court filings.

The court documents do not contain any details...

VESSEL REVIEW | Céladon – First in new series of ship assist tugs for French Navy

French shipbuilder Piriou has delivered the first unit in a new series of 20 all-steel tugs ordered by the French Directorate General of Armaments (DGA) for operation by ..

The post VESSEL REVIEW | Céladon – First in new series of ship assist tugs for French Navy appeared first on Baird Maritime.

https://www.bairdmaritime.com/work-boat-world/tug-and-salvage-world/harbour-tugs-and-operation/vessel-review-celadon-first-in-new-series-of-ship-assist-tugs-for-french-navy/

Indiana appeals court moves Celadon case to Delaware

The Court of Appeals of Indiana has reversed a decision against four former Celadon executives being sued by TA Dispatch LLC, which must now refile its case in Delaware.

In March 2021, TA Dispatch sued four former Celadon Group executives, including CEO Paul Svindland, after a 2019 agreement to purchase assets from Celadon fell apart. Indianapolis-headquartered Celadon filed for Chapter 11 bankruptcy in December 2019. 

Ensley, Alabama-based TA Dispatch’s complaint filed in the Marion County...

https://www.freightwaves.com/news/indiana-appeals-court-moves-celadon-case-to-delaware

Feds drop fraud charges against Celadon trucking executives

Federal prosecutors on Wednesday dropped a fraud case alleging two former executives at Celadon Group devised a scheme that cost the truckload and logistics company’s shareholders more than $62 million.

The government said in its motion to dismiss nine counts of fraud each for former Celadon CEO William Eric Meek and former CFO Bobby Lee Peavler that “the indictment should be dismissed with prejudice, in the interest of justice.”

Department of Justice spokesman Steven Whitaker told FreightWaves...

https://www.freightwaves.com/news/feds-drop-fraud-charges-against-celadon-trucking-executives

FreightWaves Haul of Fame: Overnite Transportation Co. was an LTL leader

An Overnite Transportation trailer is backed into a dock. (Photo: Stanley Houghton Collection)

J. Harwood Cochrane founded his first transportation company in 1929. Cochrane, who became one of the best-loved and influential men in transportation history, started by hauling milk in Virginia using a horse named Charlie. The company was founded out of necessity when Cochrane’s father passed away when he was 16, and he needed to support his family.

In 1930, Cochrane and his brother Calvin entered into business together under the name Cochrane Transportation. The brothers primarily hauled...

https://www.freightwaves.com/news/freightwaves-haul-of-fame:-overnite-transportation-co-was-an-ltl-leader

FreightWaves Haul of Fame: Celadon Group’s 2019 bankruptcy impacted thousands of employees

A Celadon tractor-trailer in better days. (Photo credit: FreightWaves)

It was just over a year ago (December 9, 2019) that Celadon Group filed for bankruptcy protection. In a story reported extensively by FreightWaves and other news outlets, ceasing operations immediately in one of the largest bankruptcy filings for a trucking company in recent memory. Clarissa Hawes was one of the team of FreightWaves reporters who worked on the story a year ago. She wrote an “anniversary” article a few days ago that you can read here. 

Before its bankruptcy filing, the company...

https://www.freightwaves.com/news/freightwaves-haul-of-fame-celadon-groups-2019-bankruptcy-impacted-thousands-of-employees

Federal court denies ex-Celadon COO’s request for birthday trip to Mexico

An indicted former Celadon executive wanted to travel to Mexico for his 40th birthday at the end of 2020. But he won’t be going.

A federal judge this week ruled that William Meek, the former COO of bankrupt and shuttered Celadon, cannot travel to the Cancun region in December to celebrate his birthday, a trip that Meek said in court documents had been paid for just a few days before his arrest last December. 

In the collapse of Celadon, Meeks and CFO Bobby Lee Peavler were charged with nine...

https://s29755.pcdn.co/news/federal-court-denies-ex-celadon-coos-request-for-birthday-trip-to-mexico

Jaguar Transport acquires Celadon’s Mexico trucking operation

Bankrupt Celadon Group has sold its Mexican businesses to Jaguar Transport Inc. in a deal worth $6.8 million, according to court documents filed Monday.

The most recent court filings are part of the U.S. Bankruptcy Court for the District of Delaware hearings for the trucking company, which filed for Chapter 11 bankruptcy in December.

Jaguar Transport outbid two other parties during a public auction held via Zoom on Thursday. Jaguar’s winning $6.8 million bid was subsequently adjusted to $6.1...

https://s29755.pcdn.co/news/jaguar-transport-acquires-celadons-mexico-trucking-operation

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