TIP ups investment in TruckersB2B

Transport International Pool (TIP), a trailer leasing subsidiary of GE Capital Co. based in Devon, PA, has acquired an additional 5% stake in Internet venture TruckersB2B through a share purchase arrangement with Comdata Corp. of Nashville. The acquisition increases TIP's total holdings in TruckersB2B to approximately 10%. TruckersB2B is an electronic commerce company that provides pre-negotiated

Sean Kilcarr

Jan. 10, 2002

TruckersB2B is an electronic commerce company that provides pre-negotiated savings on fuel, tires, equipment and other products and services purchased by small and medium-sized trucking companies and private fleets. TruckersB2B, owned by Indianapolis-based truckload conglomerate Celadon Group, aggregates the volume purchasing capability of its fleet members to achieve a lower cost of goods and services than could usually be obtained by its members individually.

Celadon, in turn, has also increased its direct holdings in Truckers B2B by 1% through a similar share purchase arrangement with Comdata. Comdata will retain a minority ownership position in TruckersB2B. Celadon Group's subsidiary, Celadon E-Commerce, is the majority owner of TruckersB2B

About the Author

Sean Kilcarr

Editor in Chief

Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.