Celadon Group announced this week it will close its three CDL training schools later this year, and that it has sold its flatbed division to a subsidiary of P&S Logistics.Celadon Group (No. 31 on the CCJ Top 250) has announced two business decisions this week that the company says will allow it to focus on its core business.
Celadon Trucking will stop operating its three driver training schools in Indianapolis, Laredo, Texas, and Richmond, Virginia, later this year and focus on its core business as a truckload and logistics provider, the company announced this week. The fleet says one of its third-party driving school partners plans to establish accredited driving schools in the three locations.
The company, which has some 3,000 drivers, says it will continue to need new drivers, but determined that using a third-party provider is a more effective way to hire them.
Celadon also announced this week it sold its flatbed division to a subsidiary of Birmingham, Alabama-based P&S Logistics (No. 48). Terms of the deal were not disclosed. Assets included in the transaction consist mostly of leased and owned trailers, which were sold in exchange for satisfaction of the lease and cash, respectively.
P&S Logistics will contract with up to 100 independent contractor flatbed drivers, hire certain flatbed company drivers and operations employees, and assume certain customer contracts associated with the division, according to a Celadon news release.
