PAM Transportation Services is seeking to buy bankrupt Celadon Group’s Mexican business, including carrier Jaguar Transportation, for $7 million, court filings show.
Celadon disclosed the proposed deal with PAM Transport on Friday in a filing in U.S. Bankruptcy Court for the District of Delaware seeking approval to enter into a sale agreement. It follows PAM’s January deal to purchase Celadon’s Laredo, Texas, terminal for nearly $20 million.
The Friday filing details a nonbinding Feb. 8 offer that Pam made to purchase Celadon’s Mexican subsidiaries, Celadon Mexicana and Servicios de Transportación, in addition to selected assets of Leasing Servicios, Jaguar and Servicios Corporativos and a small number of tractors and trailers.
PAM, Celadon and a nonaffiliated Mexican investor are in talks to finalize the purchase agreement, according to court filings.
Much remains murky about the current state of Jaguar Transportation and Celadon’s Mexican operations. But the deal, if approved, could include some or all of Jaguar’s 10 terminals in Mexico, adding to PAM’s growing Mexican division.
Indianapolis-based Celadon moved to shut down Jaguar on Dec. 19 shortly after filing for Chapter 11 bankruptcy protection. Drivers responded by blocking Jaguar’s Nuevo Laredo, Mexico, terminal in protest of unpaid wages — and meanwhile, local management attempted to continue operations.
PAM Transport did not respond to FreightWaves’ request for comment Saturday.
Freight Fraud Symposium
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Rock & Roll Hall of Fame • Cleveland, OH Register NowPast the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post Office • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now
Tommy toners
Yea pam is a Mexican company anyways. They treat their drivers like crap. If your not Mexican you get shit on daily
Trucker choice nutritionals turbo power
Pam is listed on the stock market maybe Warren buffet is a stock owner