Celadon's TruckersB2B Subsidiary Reports July Fuel Usage Data
23 August 2000
Celadon's TruckersB2B Subsidiary Reports July Fuel Usage Data
INDIANAPOLIS--Aug.23, 2000---- Member Trucks Top 200,000 --
Celadon Group's TruckersB2B subsidiary today announced that the number of trucking companies using the TruckersB2B discount fuel network increased more than 40 percent in July compared to June.
For July, 1,840 companies, representing approximately 60,000 trucks, used the network and earned rebates. Growth in fuel usage since the March launch is as follows: the number of companies that used the fuel network in March was 37, representing approximately 2,200 trucks; in April, 180 companies, representing approximately 11,000 trucks, used the network; and, in May, 420 companies, representing approximately 18,500 trucks, used the network; and, in June, 1,300 companies, representing approximately 45,000 trucks, used the network. The number of trucks is as reported by member data and has not been independently verified. The current TruckersB2B member base totals more than 5,200 companies, representing approximately 205,000 trucks.
TruckersB2B, Inc. is an Internet-based "business-to-business" membership program that provides discounted fuel, tires, equipment and other products and services to small- and medium-sized trucking companies and private fleets through its website www:truckersb2b.com.
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 affects 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.
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