Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.
August 7, 2023BusinessLogistics
N.J. Trucking Leader Myron ‘Mike’ Shevell Dies at 87
New Jersey trucking leader Myron "Mike" Shevell dies at 87 after a career in the industry that spanned decades.
January 25, 2022GovernmentBusiness
Hertz Eyes Bankruptcy Exit Via $4.2 Billion Stake Sale
In a deal to jettison itself from under bankruptcy protection, Hertz said March 2 that it may sell a controlling stake in the company to two investment firms for $4.2 billion.
March 2, 2021BusinessEquipmentLogistics
Comcar Industries Declares Bankruptcy
Comcar Industries announced May 17 it is filing for Chapter 11 bankruptcy protection and plans to sell its five operating companies as part of the legal process.
May 18, 2020GovernmentBusinessTechnologyEquipmentSafetyLogistics
Timeline: Trucking's Biggest Moments in 2019
Feeling reflective? 2019 was a big year for trucking, with lots of regulatory reforms and bankruptcies dominating the news cycle. Here's a look back at what you all were talking about this year.Â
December 20, 2019GovernmentBusinessTop 100
Bankruptcy Judge OKs Plan to Keep Celadon’s Taylor Express Operating
Celadon Group has been authorized by a bankruptcy court to spend $1.2 million before Jan. 3, 2020, to maintain operations for Hope Mills, N.C.-based Taylor Express Inc. — the last of its operating units that is still in business — while it pursues a sale of the company.
December 16, 2019BusinessEquipment
Hendrickson Truck Lines Files for Chapter 11 Bankruptcy
Hendrickson Truck Lines Inc., a small truckload and less-than-truckload carrier based in Sacramento, Calif., declared Chapter 11 bankruptcy Dec. 3, according to federal court documents, blaming a cut in rates and maintenance woes as reasons.
December 9, 2019GovernmentBusinessBreaking NewsTop 100
Celadon Files for Bankruptcy, Shuts Down
Celadon Group Inc. is filing for bankruptcy and shutting down immediately amid falling freight rates and the effects of penalties levied by the U.S. Department of Justice for settlement of securities fraud charges brought against prior management.
December 9, 2019GovernmentBusiness
Former Employees of Defunct Carrier LME Are Still Waiting for Paychecks
The efforts by former employees of now-closed New Brighton, Minn.-based trucking company LME to secure their owed back wages and expenses may have gotten a bit clearer.
October 1, 2019Business
Eddie Lampert Loses Ruling Tied to $718 Million Claim on Old Sears
Eddie Lampert suffered a setback in federal court this week when a judge effectively ruled that some of his claims against the bankrupt estate of Sears Holdings Corp. have so little priority that they are likely worth a fraction of what he’s demanding.
August 7, 2019