Celadon Group Inc. has recently announced that it has purchased assets of Louisiana-based Tango Transport, according to a press release. The new acquisition puts Tango Transport ownership in the hands of Celadon.
Few details are known at this point as both Celadon and Tango Transport representatives have been unavailable for comment. Other than a few forward-looking statements, no other information was revealed in the release.
One thing is certain: Tango Transport employees are going to be receiving some pink slips. Louisiana Workforce Commission spokesperson Aaron Caffarel told Land Line that Tango Transport submitted a Worker Adjustment and Retraining Notification (WARN) on Sept. 30, the day the announcement was made.
In the WARN, Tango noted that 80 jobs in Louisiana will be terminated. Caffarel said that another WARN will be issued and completed by Oct. 14. The next wave of layoffs will be nationwide and include 399 drivers and 139 administrative positions.
Celadon Group was established in 1985 and currently has more than 4,000 associates worldwide, according to its website. The company operates both transport and logistics in North America. With revenue of more than $600 million, Celadon provides long-haul and regional full-truckload freight.
Tango Transport began operations in 1991 as a father-and-son team. Operating a terminal in Shreveport, La., Tango carries dry goods for companies that include General Motors, FedEx, Walmart, J.M. Smucker, Academy Sports and several more.
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