A financial services adviser urged trucking companies to learn as much as possible about new and existing customers’ ability to pay their bills, as navigating the post-pandemic economy will bring with it new challenges.
May 7, 2021GovernmentBusiness
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, 2021GovernmentBusinessFuel
Noble Corp. Files Bankruptcy to Erase $3.4 Billion of Debt
Offshore drilling contractor Noble Corp. filed for bankruptcy with a plan to cut more than $3.4 billion of debt.
July 31, 2020BusinessEquipmentLogistics
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, 2020BusinessLogistics
Trucking Sees Rise in Acquisitions
The trucking industry has experienced a robust acquisitions market over the past year that shows no signs of stopping.
January 30, 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, 2019