Celadon Reports Increased 2Q Profit

July 28, 2005 11:10 AM, EDT

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ruckload carrier Celadon Group late Wednesday reported it earned $4.3 million or 42 cents a share in its fourth fiscal-year quarter ended June 30, up from $2.4 million or 26 cents in last year’s fourth quarter.

Indianapolis-based Celadon said its revenue rose nearly 10% to $117 million.

For the full fiscal year ended June 30, Celadon said it earned $12.6 million, or $1.23 per share.

The company said it increased earnings by improving its freight mix and revenue yield.

Celadon is ranked No. 55 on the Transport Topics 100 list of the largest U.S. and Canadian for-hire carriers.

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