Celadon's and Strick Manufacturing Offer 53 Foot Trailers
1 June 2000
Celadon's TruckersB2B.com, Inc. and Strick Manufacturing Agree To Offer New 53 Foot Trailers; More than 125,000 Trucks Now Enrolled as Members
INDIANAPOLIS--June 1, 2000--Celadon Group, Inc. today announced that its TruckersB2B.com, Inc. subsidiary (formerly Truckersco-op.com) reached an agreement with Strick Manufacturing Co. The agreement provides that TruckersB2B.com will offer its members the opportunity to purchase new 53 foot air ride and spring ride van trailers.Bob Helms, President and Chief Executive Officer of TruckersB2B.com, Inc. said, "The new trailers will be offered to the 2,400 companies that have enrolled over 125,000 trucks at an excellent price and on outstanding terms. We are delighted to have Strick join our growing list of first class suppliers. Lease financing arrangements will also be made available to TruckersB2B.com's members."
Strick Manufacturing Co., which is headquartered in Fairless Hills, PA, is the fifth largest trailer maker in the United States. Strick is a 63 year old, privately held company with four manufacturing facilities located throughout the United States.
TruckersB2B.com, Inc. is an Internet-based "business-to-business" membership program that provides discounted fuel, tires and other products and services to small- and medium-sized trucking companies and private fleets through its website (www.truckersb2b.com). Through its discount program, it provides these companies members with the ability to cut costs, and thereby compete more effectively and profitably with the larger fleets that can bargain for volume discounts.
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 the company 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 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 regulation; 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.
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