Business Editors
INDIANAPOLIS--(BUSINESS WIRE)--July 6, 2000
Celadon Group, Inc., (Nasdaq:CLDN) today announced that its Truckers B2B majority-owned subsidiary completed an agreement with the National Transportation Exchange to provide the Truckers B2B members with an Internet-based transportation trading exchange.
Truckers B2B, Inc., through NTE's real-time market exchange, will provide the Truckers B2B members with a neutral environment that uses market-based pricing to match Truckers B2B members' driver capacity with NTE member shippers' demand. Members will be able to improve their ability to sell ground transportation capacity, potentially adding incremental revenue and profits. The agreement with NTE will provide Truckers B2B members with the industry's only comprehensive, real-time transportation exchange. The service is expected to be available to Truckers B2B members within the next thirty days.
"Reaching an agreement with one of the nation's premier business-to-business, e-commerce transportation exchanges adds an important service piece to Truckers B2B's total product and service offerings," stated Bob Helms, President and Chief Executive Officer of Truckers B2B, Inc. "We believe that NTE offers the most effective online transportation marketplace currently available, and Truckers B2B can now offer its members this service that is so important to running their day-to-day operations."
"We are pleased to have been selected by Truckers B2B as its preferred transportation trading exchange," said James Davidson, NTE's President and Chief Executive Officer. "Truckers B2B is taking another important step in driving additional value for its members. The alliance gives us the opportunity to extend our reach to carriers, offering them bottom-line contributions that capitalize on innovative and collaborative e-logistics solutions."
Truckers B2B is an Internet-based Business-to-Business Membership program that provides savings to thousands of small and medium-sized trucking companies on fuel, tires, trailers -- virtually everything a trucking company needs. With discounts and rebates from leading vendors, Truckers B2B brings volume buying power to smaller trucking companies and private fleets. Through its wholly owned subsidiary, Celadon E-Commerce, Inc., Celadon Group is the majority owner of its Truckers B2B subsidiary. Please visit our company's website at: www.truckersb2b.com or www.celadontrucking.com.
The National Transportation Exchange (www.nte.net) offers one of the nation's leading online marketplaces to drive productivity and profitability for both buyers and sellers of ground transportation capacity. The business-to-business, e-commerce company enables manufacturers, retailers, third-party logistics providers and others that make freight shipments to quickly buy available trucking capacity from carriers. The exchange is dynamic and neutral, using market-based pricing, member-specific requirements and value-added services to create mutually beneficial supply chain economies. Privately held and based in suburban Chicago, NTE recently was named one of the top 100 companies in the world by Red Herring magazine.
Through its wholly-owned subsidiary, Celadon E-Commerce, Inc., Celadon Group is the majority owner of TruckersB2B.com. Please visit the company's websites at: www.truckersB2B.com or www.celadontrucking.com.
The discussion set forth above as well as oral statements made by officers of Celadon Group relating thereto, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such comments are based upon information currently available to management and management's perception thereof as of the date of this press release. Actual results of Celadon Group's operations could materially differ from those forward-looking statements. Such differences could be caused by a number of factors including, but not limited to, potential adverse effects of regulation; changes in competition and the effects of such changes; increased competition; changes in fuel prices; changes in economic, political or regulatory environments; changes in the availability of a stable labor force; the ability of Celadon Group to hire drivers meeting company standards; changes in management strategies; environmental or tax matters; and risks described from time to time in reports filed by Celadon Group with the Securities and Exchange Commission. Readers should take these factors into account in evaluating any such forward-looking statements.
For additional information on Celadon Group, Inc. free of charge via the Internet, please go to http://www.tirc.com/invest/celadon/index.htm
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