Celadon Group, Inc. (CGI) - NYSE
  • Yesterday, 11:23 AM
    • The trucking stocks is revving higher after solid earnings reports from Swift Transportation (SWFT +12.4%) and Werner Enterprises (WERN +4.8%). Though quarterly profit dropped at both companies, commentary from management indicated the freight market is poised to improve.
    • Notable movers include Covenant Transportation Group (CVTI +7.9%), Celadon Group (CGI +4.7%), Heartland Express (HTLD +4%), Knight Transportation (KNX +3.9%), and Old Dominion Freight Line (ODFL +3.1%).
    | Yesterday, 11:23 AM
  • Tue, Jun. 21, 12:48 PM
    | Tue, Jun. 21, 12:48 PM | 12 Comments
  • Tue, Jun. 21, 10:02 AM
    • The trucking and logistics sector is rattled by a weak read from Werner Enterprises (WERN -8.1%) on market conditions.
    • The company warns it's having trouble with rate negotiations and faces driver wage pressure. Q2 EPS guidance was taken lower by Werner.
    • Decliners in the sector off in early trading include Swift Transportation (SWFT -6.4%), Knight Transportation (KNX -6%), Heartland Express (HTLD -2.9%), Roadrunner Transportation Systems (RRTS -3.3%), Celadon Group (CGI -7.3%), Old Dominion Freight Lines (ODFL -2.3%), and XPO Logistics (XPO -1.4%).
    • Previously: Werner Enterprises guides below expectation for Q2 (June 20)
    | Tue, Jun. 21, 10:02 AM | 3 Comments
  • Mon, Mar. 14, 1:20 PM
    • Avondale Partners sees a tough road to higher earnings for the trucking sector due largely to deteriorating macro factors.
    • New capacity coming online just as demand weakens doesn't bode well for pricing, according to the boutique investment firm.
    • Cautions is raised on Swift Transportation (SWFT -3.7%), Celadon Group (CGI -5.4%), Covenant Transportation Group (CVTI -8.3%), J.B. Hunt Transport Services (JBHT +0.2%), Knight Transportation (KNX -3%), Marten Transport (MRTN -0.1%), USA Truck (USAK -0.6%), and Werner Enterprises (WERN -3.2%).
    | Mon, Mar. 14, 1:20 PM
  • Mon, Feb. 22, 10:19 AM
    • Shipping stocks are on the move after the large jump in crude oil prices eases some anxiety over demand.
    • Notable gainers include Diana Shipping (DSX +12.1%), Navios Maritime Partners (NMM +6.5%),  Frontline (FRO +6.6%), and Scorpo Bulkers (SALT +5.9%).
    • The trucking sector is also ahead of broad market averages off the oil news. ArcBest (ARCB +4.4%), Swift Transportation (SWFT +1.6%), Celadon Group (CGI +2%), and Knight Transportation (KNX +2.6%) (also upgraded) are on the rise.
    • Railroad industry players CSX (CSX +3.8%) and Genesee & Wyoming (GWR +3.7%) are up sharply.
    • On the vehicle manufacturing/supplier side, solid gainers include Meritor (MTOR +6.7%), Dana Holding (DAN +2.7%), Westport Innovations (WPRT +3.9%), Oshkosh (OSK +3.8%), Navistar (NAV +5.4%), and PACCAR (PCAR +2.3%).
    • The Detroit Three are all in rally mode as well. Ford (NYSE:F) and GM (NYSE:GM) are up 2%, while Fiat Chrysler Automobiles (NYSE:FCAU) is 3.3% higher.
    • Previously: Oil prices rebound, WTI heads back above $30 (Feb. 22 2016)
    | Mon, Feb. 22, 10:19 AM | 34 Comments
  • Dec. 17, 2015, 4:58 PM
    • Knight Transportation (NYSE:KNX) -9% AH after cutting Q4 earnings guidance below consensus, now seeing EPS of $0.31-$0.33 vs. $0.37 analyst consensus estimate and below its prior outlook for $0.36-$0.38.
    • KNX says Q4 volumes remain similar to 2014, but that it as experienced significantly fewer non-contract opportunities, resulting in revenue per total mile trending lower than originally expected which hurt EPS by $0.03-$0.04.
    | Dec. 17, 2015, 4:58 PM
  • Jun. 24, 2015, 11:16 AM
    • Select railroad and trucking stocks trade weak after Q1 GDP figures are revised in-line with expectations. A read yesterday on durable goods was weak.
    • Stocks from the transportation sector drifting lower include Knight Transportation (KNX -4.5%), Swift Transportation (SWFT -5.5%), ArcBest (ARCB -3.9%), YRC Worldwide (YRCW -2.2%), Greenbrier (GBX -1.6%), Heartland Express (HTLD -2.6%), Kansas City Southern (KSU -2.2%), Celadon Group (CGI -2%), JB Hunt Transport (JBHT -2.1%), Trinity Industries (TRN -1.6%).
    • FedEx (FDX -0.9%) and UPS (UPS -0.8%) are also trailing broad market averages.
    | Jun. 24, 2015, 11:16 AM | 1 Comment
  • Apr. 27, 2015, 3:02 PM
    • Trucking stocks are notably weak today with several analyst downgrades out in the sector.
    • Knight Transportation (KNX -4%) received one of the harsher actions with Wolfe Research downgrading the stock to an Underperform rating.
    • Other analysts cite apprehension in the sector into key earnings reports.
    • Trucking decliners: Celadon Group (CGI -3.2%), Swift Transportation (SWFT -2.8%), Heartland Express (HTLD -2.9%), Werner Enterprises (WERN -6.9%), USA Truck (USAK -6.4%), P.A.M. Transportation (PTSI -4.9%), Roadrunner Transportation Systems (RRTS -2%).
    | Apr. 27, 2015, 3:02 PM
  • Apr. 15, 2013, 12:53 PM

    A tough day for the trucking sector with Swift Transportation (SWFT -8.1%) leading the downward fall. The gloom is tied to a reading of the Internet Truckstop's Market Demand Index which showed a 21% sequential fall in demand for trucks. Decliners: J.B Hunt Transportation (JBHT) -1.8%, Celadon Group(CGI) -4.2%, Marten Transport (MRTN) -3.8%, Heartland Express (HTLD) -1.1%, Knight Transportation (KNX) -1.4%.

    | Apr. 15, 2013, 12:53 PM | 1 Comment
  • Jan. 24, 2013, 10:52 AM

    Swift Transportation (SWFT +22.4%) jets higher after the company saw its Q4 profits soar past the estimate of analysts. A note in its report that it will increase capital expenditure spending by 43% this year bodes well for the trucking sector (JBHT, KNX, UACL, WERN, MRTN, CGI, HTLD), says Stephanie Link.

    | Jan. 24, 2013, 10:52 AM
  • Oct. 8, 2012, 9:26 AM

    Celadon (CGI) +1.6% premarket after the trucking company projects Q1 earnings above analyst expectations, citing a boost in revenue from acquisitions and a newer fleet of vehicles that helped cut maintenance costs.

    | Oct. 8, 2012, 9:26 AM
  • Oct. 11, 2011, 3:41 PM
    USA Truck (USAK +20.5%) responds to Celadon's (CGI +4.8%) SEC filing in connection to an acquisition bid for the truckload carrier: "Our board of directors will evaluate Celadon's 13D filing in due course." Possible translation: With our stock down 25% YTD, we are thrilled with the offer.
    | Oct. 11, 2011, 3:41 PM
  • Oct. 11, 2011, 3:17 PM
    Trucker Celadon Group (CGI +4.8%) reports a 6.29% stake in USA Truck (USAK +20.2%), and says it's interested in buying its smaller rival. In an SEC filing, Celadon said it recently asked to meet USAK management to discuss a possible association between the companies, potentially including a combination of the two.
    | Oct. 11, 2011, 3:17 PM
Company Description
Celadon Group, Inc. is a dry van truckload carrier, which transports full trailer loads of freight from origin to destination without intermediate stops or handling. The company offers time sensitive transportation in and between the U.S. and its two trading partners, Mexico and Canada. . It... More
Sector: Services
Industry: Trucking
Country: United States