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Celadon trucking

Discussion in 'PM Trading/Stocks/Technical Analysis' started by Professur, May 17, 2017.



  1. Professur

    Professur Midas Member Midas Member Site Supporter ++

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    Not PM, but stocks related. Anyone else following this disaster? Seems like this top 10 large trucking company has been cooking the books something fierce and drivers are in a panic that there might be a repeat of the Arrow trucking collapse in the offing.
     
  2. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    To all celadon drivers, keep your fuel tanks topped off.

    It wouldn't surprise me, but it is a little disturbing if a larger outfit like Celadon is doing it. I remember when Arrow went under and drivers were stranded at truck stops all across the land. Got as close to home as their fuel tanks would get them (fuel cards shut off) and hitched rides with truckers from their.
     
  3. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Silver Miner Site Supporter

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    Just did a quick clip

    Celadon Group.JPG

    These guys look like toast. - notice this is just a three month chart
    But, then again, so do the rest of the trucking stocks.

    BF
     
  4. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    I recently bought some SNDR when it IPO'd. Hopefully it does me good like JBHT has.

    It's pretty common for a decent size trucking outfit to go under every 5 years or so. I've seen dozens disappear........
     
  5. Professur

    Professur Midas Member Midas Member Site Supporter ++

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    I wonder how they'll try to spin this as Trump's fault
     

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