Celadon’s 2Q Net Income Increases

Celadon Group said late Wednesday its fiscal second-quarterÌýprofit jumped almost 35%Ìýon operating efficiencies and cost control.

Net income rose to $7.4 million, or 32 cents a share, from $5.5 million, or 24 cents, a year earlier. Revenue for the quarter ended Dec. 31 rose 2.7% to $148.1 million.

Freight revenue excluding fuel surcharges rose 1.5% to $116.8 million, the truckload carrier said.

Average rate per loaded mile increased 2% to $1.56 from the same quarter last year.



In December, , and announced Steve Russell will continue as the company’s chairman.

Celadon Group is ranked No. 44 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

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