Former Celadon subsidiary Jaguar Transportation has been acquired by a consortium of U.S., Mexican investors.
Former Celadon trucking officials have settled a fraud case with the Securities and Exchange Commission.
Former Celadon executives that are being sued by TA Dispatch have won a request to have the case moved to Delaware.
Federal prosecutors on Wednesday dropped a fraud case against two former Celadon trucking company executives.
Prosecutors argued against Meek traveling in December, saying keeping the kids back in the U.S. wasn’t a “surety bond.”
Jaguar Transport won a public auction for Celadon’s Mexican businesses, with a winning bid of $6.8 million.
The most recent court filings are part of the U.S. Bankruptcy Court for the District of Delaware hearings for trucking company Celadon Group, which filed for Chapter 11 bankruptcy on Dec. 9.
Sese Logistics said it worked several weeks and “incurred $152,433 in fees and expenses in obtaining the release” of the trailers.
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 $7 million fell apart, according to court filing.
The online auction from Ritchie Bros. attracted 8,600 bidders from 62 countries using the Ritchie Bros. mobile app.
Every FreightWaves article is designed to assist our readers in becoming the most informed professionals in the transportation and logistics industry. These articles may have flown under your radar this week. We consider them essential reading. The mysterious resurrection of Celadon’s Mexican business – Bankrupt Celadon Group reveals employees in Mexico recently restarted operations of its […]
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 happening at the Mexican subsidiaries — including Jaguar Transportation — and who is in charge.
Deal to purchase bankrupt Celadon Group’s Mexican subsidiaries, including Jaguar Transportation, for $7 million would expand PAM Transportation Services’ footprint south of the border.
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 C$16.25 million — with a portion set aside for former truck drivers and other personnel.
Burlington Motor Carriers, started as a division of Burlington Northern, the railroad.
Keeping track of all the outstanding content published on Freighwaves.com each week can prove daunting, and we do not want you to miss a beat. Every FreightWaves article is designed to assist our readers in becoming the most informed professionals in the transportation and logistics industry. To make this task easier, we present an exclusive […]
Celadon Group plans to sell its trucking terminal in Laredo, Texas, to P.A.M. Transportation Services for $19.8 million, according to a filing in U.S. Bankruptcy Court for the District of Delaware. The sale appears set to close imminently, after P.A.M. Transportation Services signed a purchase agreement last Wednesday. The deal could be finalized by this […]
Celadon Group 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.
Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November 2019, and for fear that future access to the shared IT system would again be blocked, and the failure to remit millions of dollars in […]
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.
Truck owner claims his employer and Amazon worked him “like a rented mule.”
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 others employees’ ability to claim more than C$2 million in unpaid compensation.
Sale of Winnipeg terminal for C$4.25 million to commercial real estate firm appears set to be tied up in Canadian courts, where U.S. trucking giant’s failure to initiate timely bankruptcy proceedings north of the border may come back to haunt it and its creditors.
Lawyer representing 211 ex-Hyndman Transport personnel wants Canadian company placed in receivership to help secure more than C$2 million in unpaid compensation.
U.S. federal judge clears Celadon Group to proceed with sale of Ontario facility to Wyndham Street Investments for C$12 million in a deal that could make it harder for Canadian former employees to secure financial claims.
Federal investigation into dismissals at Celadon Canadian subsidiary Hyndman Transport might give Ontario court pause before embracing Chapter 11 proceedings in the United States.
Employees’ and contractors’ struggles with Celadon-owned Hyndman over outstanding pay and questions about the fate of leased trucks are compounded by the lack of legal proceedings in Canada, but that could change.
A Canadian lawmaker criticized Celadon Group’s abrupt closure of Hyndman Transport, calling it a “footnote in their thought process.” Byran May, a Liberal federal member of Parliament whose Ontario district includes Hyndman, told FreightWaves he found the reports of drivers being stranded and the timing of the closure particularly troubling. “You would have hoped there […]
Chart of the Week: 3-Year-Old Used Truck Prices – USA, Cass Freight Shipments Index – USA SONAR: UT3.USA, CFIS.USA At this point the news and story of Celadon, the largest truckload failure in history has been covered extensively in the media. The 3,000+ trucking company was by far the largest to shut down in what has been […]
On this weekend’s What the Truck?!? we hit the ground running with the latest on Celadon exactly one week after FreightWaves first broke the news. We also give you the latest on what has been dubbed a “peaceful protest” at one of their subsidiaries in Mexico, Jaguar Transportation. We provide an update on the breaking […]
On today’s episode Dooner and Chad continue their coverage on Celadon, talk about the new trade deal, a shooting at Dart, we talk to Craig Bliss about the importance of social media during carrier shutdowns, Mike Caney knows what’s On The Radar, FreightWaves HR helps displaced workers get a job, Trucker Beetle Bailey & his […]
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.
Anthony and Zach discuss the recent Celadon shutdown and how it lines up with current freight market conditions; a disappointing manufacturing sector; consumers appear to be on another spending spree funded by debt.
While trucking companies stand to gain from a competitor’s collapse, they lament the loss of an industry stalwart.
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 […]
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 […]
On this episode Dooner & FreightWaves CEO Craig Fuller are joined by Celadon bankruptcy story breaker JP Hampstead, news director Emily Szink, Freight Broker Live’s Steve Oatley, and The Dart Network’s Dave Ables.
Drivers “in shock” and blame the troubles of their U.S. parent company for causing Canada’s largest trucking failure of 2019.
Covenant Transport has decided to end all service to the interior of Mexico, citing dropping spot market pricing, increasing detention times and an inability to gain the freight density needed to balance costs. “After five years servicing the interior of Mexico, Covenant Transport Services will, in coming months, end our Mexico service offering,” said Andy […]
CEO Eric Meek and COO Danny Williams — who pleaded guilty to securities fraud last week — are no longer with the freight payments company.
CEO Paul Svindland calls settlement “milestone” in path to stability after hit from financial scandal.
Freight levels have dropped from last year, but panelists at the ACT Research conference this week said they have simply returned to more normal levels.
Turndowns and trucks in market both deteriorated this week as shippers and carriers enjoyed their Independence Day holiday. US-China tariffs begin today; railroads worried about tariffs’ impact on carloads; air freight’s pilot shortage accelerating drone adoption; unemployment up slightly as US adds 213K jobs.
A $200 million injection of new capital at Celadon is withdrawn because of a DOJ investigation, but the operating numbers are looking up.
The investigation “identified errors that will require adjustments” to the financial statements from 2014, 2015, 2016 and 2017 “and potentially periods prior thereto.”
FreightWaves adds stock tickers for publicly traded stocks in the freight space
Celadon’s turnaround team is bringing back generous vacation time and cash bonus incentives to recruit drivers for its tweener business.
The move to a digital supply chain is leaving many organizations behind, according to a new report from Fujitsu. The Digital Transformation PACT surveyed 1,625 business leaders globally and found that 84% say customers want them to be more digital but 71% believe they lag their competitors.
Celadon Group has announced the appointment of Thom Albrecht as executive vice president – chief financial and strategy officer. Albrecht is president of consulting firm Sword & Sea Transport and a member of the TransRisk Board of Advisors.
Celadon Group has sold its flatbed trucking division to PS Logistics as it seeks regain its footing a leading trucking provider. Terms of the deal were not disclosed.
According to a report in a German newspaper, Daimler has now been swept up in the emissions cheating scandals that have been raging across Europe in recent years.
