The remaining assets of bankrupt trucking company Comcar Industries will be liquidated through two trusts, leaving little for unsecured creditors.
Canadian trucking and logistics firm TFI International buys U.S. bulk carrier CCC Transportation, its third acquisition from bankrupt Comcar Industries.
In today’s edition of The Daily Dash, General Motors and Nikola Corp. strike a deal for fuel cells; diesel engines are a big winner from the fallout of the Volkswagen diesel emissions scandal; and trucking’s exemption from AB5 could be at risk.
Contentious deal with former CEO is settled, allowing the sale of CCC
Asset sales in Comcar’s pre-packaged bankruptcy have hit a roadblock. Obstacles include questions on trailer titles and the sale of the business units to the former chairman, who still has an unsettled dispute with the company.
TFI International grows U.S. specialty businesses with CT Transportation in second acquisition from bankrupt Comcar industries.
