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Feeder fleets drying up

Published Tuesday, March 01, 2005

Cross-border truckload carrier Celadon Group is working hard at capacity growth: It bought two regional carriers in 2002 and 2003, and part of a third this year. Stephen Russell, chairman and CEO, said this a part of an industry trend in which smaller players are leaving the market for good and are not being replaced. “The analogy I like to use is the one of the melting snow and mountain streams that feed the big river,” he explained in an interview with FLEET OWNER‥ “In the past, you had many… small- to medium-size carriers that fed their capacity ...

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