bankruptcies
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Canada
US judge approves ENTREC’s cross-border bankruptcy plans
Canadian heavy equipment hauler secures Chapter 15 bankruptcy protection, clearing the way for the company to court buyers and investors for its trucking and crane…
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Canada
ENTREC cleared to pursue asset sales as lenders extend financing
Canadian judge approves heavy-equipment hauler’s plans to operate under creditor protection as CEO urges U.S. bankruptcy court to recognize proceedings.
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Canada
Heavy hauler ENTREC seeks breathing room to find buyers
Trucking and crane services provider pursues interim financing and court approval to market its Canadian and U.S.-based subsidiaries while under creditor protection.
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Canada
Canadian heavy hauler ENTREC obtains creditor protection, plans US bankruptcy
Alberta-based trucking and crane provider blames COVID-19 and the collapse of the oil sector as it looks to sell off its businesses in Canada and…
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International
Celadon in talks to sell Mexican business for $2.4 million
Celadon Group says White Willow Holdings made the most viable offer for its Mexico trucking and logistics subsidiaries after a proposed sale to P.A.M. for…
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American Shipper
Ocean container volumes are about to fall off a cliff
Social distancing will wreak havoc on trans-Pacific and Asia-Europe box volumes.
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International
The mysterious resurrection of Celadon’s Mexican business
Bankrupt Celadon Group reveals employees in Mexico recently restarted operations of its transportation businesses after labor disputes. Court filings paint a murky picture of what’s…
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Canada
Canadian judge OKs Celadon’s sale of Hyndman HQ, terminal
Court orders pave the way for bankrupt Celadon to move forward with existing deals to sell two Canadian properties of Hyndman Transport for a combined…
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News
Bankrupt Celadon seeks $900,000 in bonuses for executives, court filings show
Company argues payouts will maximize value during the wind-down of its North American trucking businesses, but the proposal faces resistance from a U.S. federal trustee.
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News
Celadon drained cash of Canadian trucking business, former Hyndman executive alleges (with video)
Ex-chief financial officer of Hyndman Transport accuses Celadon in affidavit of depleting funds generated by profitable core business in Canada and hurting former drivers’ and…
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