Celadon Group Successful in Mexican Trade Trucking Group Told.INDIANAPOLIS--(BUSINESS WIRE)--Nov. 13, 1997-- Trucking Company Has Completed 550,000 Trailer Crossings to Mexico The Celadon celadon Chinese, Korean, Siamese, and Japanese stoneware decorated with glazes the colour range of which includes greens of various shades, olive, blue, and gray. The colours are the result of a wash of slip (liquefied clay) containing a high proportion of iron that is Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CLDN CLDN Calling Line Directory Number CLDN Claudin (gene family) ), the first truckload carrier Merrian-Webster online dictionary defines truckload as " a load or amount that fills or could fill a truck". A truckload carrier is a trucking company that generally contracts an entire trailer-load to a single customer. to bring trailers into Mexico, has completed 550,000 trailer crossings to Mexico since 1985, Stephen Russell
Stephen Russell is a voice actor, most known for his voice acting in the Thief game series as the protagonist Garrett. , chairman and chief executive officer told members of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Transportation Alliance. Speaking today at the organization's Seventh Annual North American Trucking Conference held in Washington, D.C., Russell said that Celadon began service to Mexico in 1985. Russell, who is also the newly-elected Chairman of the International Trade and Customs Committee of the American Trucking Association, said that in spite of facing a host of problems not endured by domestic carriers, including devaluations, Celadon has been successful with its Mexican business, and has witnessed a 30 percent annual growth rate in trade between the countries. Celadon is currently the number one carrier in the Mexican/U.S. truckload business. He added, "Mexico has ninety million people and it is only three days by truck from Mexico City to Chicago, versus four weeks by ship from Taipei. Furthermore," he said, "companies such as Fisher Price are shifting production from Hong Kong to Monterey; Lucent from Singapore to Guadalajara; Volkswagen from Germany to Puebla, Mercedes-Benz to Toluca." He also cited the expanded production facilities in Mexico of the big three automobile companies. He told the group, "The hourly compensation for a production worker is $17.74 in the U.S.; $16.66 in Canada; Japan, $21.04; Korea, $8.23; Singapore, $8.32; Hong Kong, $5.14; Taiwan, $5.86; France, $19.34; Italy; $18.08; Spain, $13.29 and Mexico, $1.50." Russell said that NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's has helped, but the real key to growth in trade with Mexico has been lower labor costs since the devaluation devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the balance of payments. in 1994. "Our fleet has expanded as a consequence of the trade growth. If you placed all of our tractors and trailers end-to-end," Russell said, "they would stretch for 60 miles. In Mexico, a penny per mile lower rate will not shift a customer away to another carrier. Service and reliability are critical. We trust our clients in Mexico and they trust us. We are the most committed to the trade, and we believe we are the best at it," he concluded. Celadon Group, Inc. is a truckload company specializing in the transport of goods to and from Mexico. The company has approximately 1,800 operating line haul tractors including 450 owner-operated units, and 5,100 trailers. -0- The discussion set forth above as well as oral statements made by officers of the company relating thereto, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 the company'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 affects of regulations; changes in competition and the effects of such changes; increased competition; change in fuel prices; changes in economic, political or regulatory environments; changes in the availability of a stable labor force; ability of the company 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 the company with the Securities and Exchange Commission. Readers should take these factors into account in evaluating any such forward looking statements. This release is available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Worldwide website at www.kcsa.com CONTACT: The Celadon Group Inc., Indianapolis Stephen Russell/Don Snyder 317/972-7034, 317/972-7033 or KCSA, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Joseph A. Mansi/Sarah Shepard 212/682-6300, ext. 205/236 |
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