Federal prosecutors on Wednesday dropped a fraud case against two former Celadon trucking company executives.
There are still quite a few freight market watchers who are bearish on volumes and a recovery. This is with outbound tender volumes exploding higher, along with spot market rates.
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.
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.
The bankruptcy of several trucking firms has impacted capacity and U.S. trailer availability in Mexico, forcing companies to look at different ways to keep freight rates low.
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.
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.
Ontario judge agrees to recognize Celadon’s Chapter 11 case and appoints trustee to supervise liquidation of Canadian assets.
Shippers in a Morgan Stanley survey are optimistic over the macro environment and expect rate improvement moving forward. Plus, Chinese New Year impacts and supply chain sustainability takes a hit.
Celadon Group plans to ask Canadian court to recognize its U.S. Chapter 11 case as judge takes further steps to lock down Hyndman Transport assets.
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.
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.
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.
Ben Thrower writes about what most in the trucking industry know – 2019 was a tough year for almost everyone.
Brian Aoaeh writes about key trucking events in 2019 and looks ahead to 2020.
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 […]
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 […]
Employees of Mexican carrier Jaguar Transportation — a subsidiary of bankrupt Celadon Group — continue to protest unpaid wages by blocking the company’s Nuevo Laredo, Mexico, terminal in order to delay the removal of trucks, according to reports. “In Nuevo Laredo, hundreds — of personnel who worked at the Jaguar company maintain their peaceful protest […]
