Celadon Group Inc., one of the largest trucking companies in the U.S. specializing in long-haul transport, is bringing in a turnaround expert to lead the operator as it tries to shore up its troubled finances.
NYS Entity Status
NYS Filing Date
JANUARY 30, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - M&W TRUCK & AUTO SALES, INC.
AROUND THE WEB
- Celadon Hires Turnaround Expert
Thursday Jul 13, 2017
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By COREY KILGANNON - Tuesday Jun 13, 2017
Gerald Goldman, 94, a retired Marine who served in World War II, has made hundreds of wooden flags for friends, neighbors and local stores.
- After years of growth, automakers are cutting U.S. jobs
By Bill Vlasic - Wednesday Jul 5, 2017
DETROIT — After a prolonged recovery that culminated in two years of record sales, the American auto industry is slowing down, with fewer buyers in dealer showrooms and fewer workers on the factory floor.The decline signals at least a pause in Detroit’s resurgence from the dark days of the financial crisis, which General Motors and Chrysler survived only through bankruptcy and bailouts.Industry analysts said consumers might be pulling back on spending because of tighter credit conditions and more expensive vehicle loans.“Higher interest rates and uncertainty around fiscal policies will slow economic growth, and may become headwinds for auto sales,” said Charlie Chesbrough, an economist for the research firm Cox Automotive.With low gas prices motivating buyers to trade in traditional cars for larger models, factories making trucks and sport utility vehicles are humming, with some producing around the clock on three shifts.Even as overall vehicle sales declined in June, sales of trucks and sport utility vehicles rose about 4 percent from a year earlier.[...] if falling sales overall in the United States continue to cut employment in U.S. plants, it could spur protectionist measures by the Trump administration, like imposing border taxes on imported vehicles.Scaling back jobs in car plants is part of a newfound discipline among automakers to avoid bloated payrolls and inventories when sales start slipping.[...] the Detroit companies have also hired large numbers of lower-wage, entry-level employees with less costly unemployment benefits.GM, for example, has reduced the number of shifts at several of its domestic plants, the most recent reduction being its announcement of cutbacks at a factory in Kansas that makes the Chevrolet Malibu midsize sedan — a segment that is rapidly declining as more buyers gravitate to SUVs.Fiat Chrysler, for its part, has eliminated production of compact and midsize cars altogether at factories in Michigan and Illinois, temporarily laying off workers as it retools the plants to produce SUVs and trucks.The bright spots in the overall employment picture are the expansion of production at niche automakers like Palo Alto electric-car company Tesla, and by foreign car companies including BMW, which is adding jobs at its sole U.S. plant, in South Carolina.“Seasonal factors drive a much higher retail mix of trucks and utilities in the second half of the year, so it makes sense to make production adjustments on the car side,” said James Cain, a spokesman for General Motors.
- Time Inc Taps Schraft To Head Foundry's Content Sales, 'New Yorker' Hires First Newsletter Director
Thursday Jul 13, 2017
In a move to expand its native advertising business, Time Inc. has promoted Chris Schraft to president of content sales and agency development of The Foundry, its branded content studio. 'The NewYorker' has hired Dan Oshinsky as its first director of newsletters.
- JCPenney, Kohl’s & Others Jumping On Amazon’s Prime Day Coattails With Their Own Promotions, Deals
By Ashlee Kieler - Tuesday Jul 11, 2017
Amazon isn’t the only retailer looking to shore up sales with its annual Prime Day promotion. As with previous years, some traditional brick-and-mortar retailers are jumping into the Prime Day fray, offering their own discounts and deals, too. JCPenney, Walmart, Kohl’s, Macy’s, Newegg, and Sur La Table are among the retailers prepping their own version of Prime Day for …
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Monday Jul 3, 2017
Auto sales continued to slide in June, as car buyers react to higher vehicle prices and Detroit backs away from dumping unwanted inventory into rental-car lots.