Lawsuit claims Celadon collected and spent $6.2 million in receivables belonging to TA Express LLC, alleges the company admitted it was insolvent weeks prior to filing for bankruptcy protection.
Celadon Group can’t sell off facilities without Canadian court’s OK, judge says as he prepares to place shuttered trucking company in receivership; ruling a victory for former employees, setback for U.S. creditors.
The flatbed and oil field service carrier was subject to a class action lawsuit for not paying overtime.
The carrier operated in two markets that have suffered in 2019: flatbed and oil service.
Celadon Group’s (OTC: CGIP) shutdown comes after cross-border shipping had already lost several other full truckload (TL) carriers this year that provided Mexico service. Matt Silver, founder and CEO of Chicago-based Forager, said Celadon’s closure will affect freight capacity in the U.S. and Mexico alike. “Celadon is one of the largest cross-border providers in North […]
225 employers have posted close to 500 jobs and counting.
Mexican carrier Jaguar Transportation stopped its trucking services this morning (Dec. 10) and could be shutting down as part of Celadon’s Chapter 11 filing Dec. 9. Several freight and logistics professionals confirmed to FreightWaves that cross-border account representatives for Jaguar Transportation said they had ceased services. At one of the company’s locations, the news prompted […]
Last Friday, December 6, FreightWaves reported that Celadon intended to file Chapter 11 bankruptcy and now the company has made it official. On the surface, it sounds like Chapter 11 will give hope to at least some of the 4,000 employees at the company. Chapter 11 is the process used to describe a restructuring where […]
The sudden closure of Celadon has left thousands of lives impacted. To help those employees find work, FreightWaves has created a free job board where employees can post resumes and recruiters and fleets can post jobs.
Jaguar Transportation, the Celadon-owned carrier based in Mexico, says it will remain operational and continue its cross-border shipping. “Jaguar will operate in the same way it has been working. The situation that Celadon is going through does not compromise this company at all,” Jaguar company officials said in an email to FreightWaves. However, Jaguar Transportation’s […]
Shareholders of beleaguered U.K. trucking company Eddie Stobart have gone ahead and accepted a £55 million rescue deal that would help the company come out from the brink of administration. This stop-gap measure just ahead of Christmas will help Eddie Stobart save 6,500 jobs, ending several months of uncertainty behind the company’s seesawing fortunes. The […]
Celadon Group was Scrooge for its drivers with the Christmas holidays around the corner, but the trucking community is stepping up to help in the season of giving.
Carrier blames rocky freight market, bad lease deal for latest bankruptcy woes.
The billion-dollar truckload carrier’s failure is one of the largest in industry history.
UNICEF continues delivering thousands of gallons of water per day as relief agencies struggle to continue operating amid Turkish offensive into Kurdish-controlled territory.
On today’s episode, a carrier downsizes while another files for bankruptcy, Forever 21’s bad luck, the GM strike and this week’s Pricing Power Index. Plus, Emily Szink knows what’s a Big Deal and what’s a Little Deal, Market Expert Trivia is China rising, and there’s so much more. Bang your cowbell for Oct. 1! Rewatch […]
Cold Carriers was formed when KJM equity consolidated Gantt, Sunco, and Interide into a single operating portfolio.
A major accident in 2018 led to a spike in insurance premiums for Carney Trucking, an increase the company just couldn’t absorb.
A Durham, North Carolina-based logistics company filed for Chapter 11 bankruptcy reorganization on June 13.
Deal will grow U.S. last-mile business and add $100 million in annual revenue, Canadian transportation firm says.
In partnership with Slync… retailers are shifting to omnichannel strategies to survive disruptions from e-commerce, but implementing omnichannel requires sophisticated supply chain data analytics.
