CELADON TO OPEN DRIVER TRAINING SCHOOL IN INDY, ADD 500 NEW JOBS
INDIANAPOLIS (March 26, 2013) - Mayor Greg Ballard joined Governor Mike Pence and executives from Celadon Trucking Services, Inc., a subsidiary of Celadon Group, Inc. (NYSE: CGI), today to announce the company's plans to locate a driver training school here, creating up to 500 new jobs by 2022.
The company, which provides long-haul, dry van truckload service throughout North America, will invest $5.7 million to build a 61,000 square-foot training facility at 9050 E. 33rd St. near its Indianapolis headquarters. In addition to the Quality Drivers school, the building will house dorm rooms, a cafeteria, workout room, basketball/racquet court, Wi-Fi and driver training road course. Facility construction is expected to be complete by the fall.
"Celadon's commitment to Indianapolis is crystal clear with the investment it is making in our community by providing new quality jobs for our workforce with a focus on retention while also offering the training necessary to succeed," said Indianapolis Mayor Greg Ballard. "With its plans to build a new facility here to accommodate its driver school, Celadon is among a growing number of companies choosing to expand in Indianapolis."
The first class of driver training school candidates began last October. Based on the individual driver, the program offers a three to five-week training curriculum, both in the classroom on the road. Celadon plans to bring in overlapping classes of driver trainees every two weeks. Interested candidates can apply at www.driveQD.com.
"Driver recruitment and driver retention is a long term challenge within the industry," said Paul Will, president and chief executive officer of Celadon. "We realize that establishing the Quality Drivers school and the Celadon training program are the next logical steps in ensuring that we have sufficient numbers of qualified drivers to fill our seats and meet our growth expectations. Logistically, locating the driver training school in Indiana is a sound business decision that provides access to the state's vast resources, but it also gives Celadon another opportunity to give back to the state of Indiana by contributing significant jobs numbers right here in Indianapolis. We're extremely happy and proud to continue our commitment to the local and state economies."
Founded in 1985, Celadon ranks as one of North America's largest truckload carriers with annual revenue exceeding $600 million. The company has also been recognized as one of the safest truckload carriers with multiple first-place finishes in the Truckload Carriers Association's National Fleet Safety Awards among carriers annually hauling more than 100 million miles. Employing more than 650 Hoosiers, Celadon has approximately 4,000 associates nationwide and operates roughly 3,000 tractors and 8,700 trailers. Its customer base includes many Fortune 500 shippers, including most major retailers and manufacturers.
"Celadon's commitment to Hoosiers reflects a growing confidence in the business climate in our state," said Pence. "At the heart of the nation, our convenient location and expansive transportation infrastructure strengthen Indiana's reputation as the 'Crossroads of America.' Combine this with our competitive tax climate and skilled workforce and, logistically speaking, Indiana works for business."
The Indiana Economic Development Corporation offered Celadon Trucking Services, Inc. up to $2,950,000 in conditional tax credits and up to $200,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis will consider additional property tax abatement.
"Celadon Trucking Company's commitment to training and expansion in Indianapolis shows its dedication to the workforce and future of the city," said Indy Chamber's Vice President of Indianapolis Economic Development Brian Gildea. "Companies like Celadon who invest in Indianapolis' workforce and training opportunities set a great example for others considering similar expansions."
The announcement of Celadon's expansion adds to Indiana's growing distribution and logistics industry. Indiana is home to more than 11,000 total highway miles, four international airports and 4,165 miles of active rail track. The state ranks 9th in the country in total railroad mileage, and 76 percent of the track is operated by Class I railroads.
About Celadon Group
Celadon Group, Inc. ( www.celadongroup.com), through its subsidiaries, provides long-haul and regional full-truckload freight service across the United States, Canada and Mexico. The company also owns Celadon Logistics Services, which provides freight brokerage services, less-than-truckload services, as well as supply chain management solutions, including warehousing and dedicated fleet services.
About Indy Chamber
The Indy Chamber is the voice of progress and improvement for the Central Indiana business community. With membership of nearly 2,700 businesses representing 235,000 employees in Central Indiana, the Indy Chamber is leading the effort to strengthen the business climate, improve the state of education, revitalize neighborhoods and enhance the region's workforce. In 2012, the Indy Chamber merged with Indy Partnership, Develop Indy, and Business Ownership Initiative. Formed in 1890, the Chamber is currently led by Scott Miller, President and CEO. For more information about the Indy Chamber, visit www.indychamber.com.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
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Jeryl Desjarlais (Celadon) - 317.972.7070 or email@example.com
Ashley Elrod (Indy Chamber) - 317.464.2241 or firstname.lastname@example.org
Katelyn Hancock (IEDC) - 317.234.2294 or email@example.com