Chapter 11
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News
Bankrupt Celadon accuses recovery company of illegally seizing equipment
Lawsuit claims Triangle Recovery Services falsely advertised itself as a surrender site, offered cash rewards for locations of Celadon’s equipment and is holding the seized…
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News
Borden Dairy files for bankruptcy protection
Borden Dairy Co. filed for Chapter 11 bankruptcy protection Jan. 5, blaming rising raw milk costs, reduced milk consumption and increased competition among non-dairy alternatives,…
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News
GDS Express files for bankruptcy after abrupt pre-Christmas shutdown
Ohio-based GDS Express Group Inc. filed for bankruptcy protection after stranding drivers just days before Christmas.
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What the Truck?!?
FreightCasts Celadon Special Report
FreightWaves CEO and founder Craig Fuller, Emily Szink, and Dooner discuss Celadon's bankruptcy filing, immediate shutdown, and the impact it has had. They're joined by…
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Finance
Celadon Group makes bankruptcy official, shuts down after 34 years
The official announcement followed a chaotic weekend of credit, customer, and driver issues,
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What the Truck?!?
What the Truck?!? IT Chapter 11: Carrier bankruptcy
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,…
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News
Estes Express Lines to acquire two New England Motor Freight affiliates for $15 million
Richmond, Virginia-based Estes Express Lines has submitted a $15 million bid to buy two affiliates of bankrupt New England Motor Freight – Eastern Freight Ways…
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Economics
Trustee requested to oversee IPS Worldwide’s operations
A U.S. trustee has asked the U.S. Bankruptcy Court to appoint a Chapter 11 trustee to oversee the operations of IPS Worldwide.
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Less than Truckload
New England Motor Freight workers drop class-action suit after company grants additional severance
Revised package worth $3 million more.
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News
