bankruptcies
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FreightWaves Classics
FreightWaves Classics: Fallen Flags – Erie Railroad had many ups & downs
The Erie Railroad is yet another "Fallen Flag." Read a profile of its history in this FreightWaves Classics article.
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News
Trucking company shuts down after bitter dispute with bank
Canadian trucking firm People Express Transport was shut down by a court-appointed trustee following a months-long fight over millions of dollars in debt.
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News
2 Canadian trucking companies close amid financial struggles
A pair of Canadian trucking companies in the Toronto area, Orbit Freight and Delta Carriers, shut down in close succession before their owner filed for…
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Air Cargo
Korean Air takeover of Asiana to create single national carrier
There are too many airlines in Korea’s domestic market to survive, so the government engineered a merger between Korean Air and Asiana.
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News
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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News
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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News
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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News
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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News
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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Container
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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