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Celadon Buys 6.3% Stake in USA Truck

10/12/2011 11:00:00 AM
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Tom Biery/Trans Pixs

Celadon Group has bought a 6.3% stake in fellow truckload carrier USA Truck, the Associated Press reported, citing a Celadon regulatory filing.

Celadon has asked to meet with USA Truck’s management about combining the two companies, but does not know whether USA Truck would be a good fit for its operations, AP reported.

Celadon is ranked No. 42 and USA Truck is ranked No. 50 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

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