Celadon gets court OK to sell training facility for $2.74 million

By Sarah Lizee

Olympia, Wash., Feb. 2 – Celadon Group, Inc. received court approval to sell its Indianapolis training facility to the Indianapolis Public Transportation Corp. for $2.74 million, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The company and the buyer entered into an asset purchase agreement on Jan. 20.

Celadon provides long haul, regional, local, dedicated, intermodal, temperature-protected and expedited freight service and is based in Indianapolis. The company filed bankruptcy on Dec. 9, 2019 under Chapter 11 case number 19-12606.

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