Celadon

Bankrupt Celadon Group Inc. has received a $14.5 million bid from White Willow Holdings to acquire its North Carolina-based subsidiary Taylor Express Inc.  White Willow of Newfields, New Hampshire, is backed by Luminus Management LLC, a New York investment firm that tried to help Celadon...

Celadon Group plans to sell Hyndman Transport's Winnipeg terminal for C$4.25 million to a commercial real estate firm, but the deal likely faces resistance from a Canadian court over the company's failure to initiate timely bankruptcy proceedings in Canada.  The deal emerged in public filings in...

A Canadian judge had a simple message Wednesday for Celadon Group as it prepared to sell off the headquarters of its shuttered Ontario trucking company: not so fast. Ontario Superior Court Justice Glenn Hainey, in a brief preliminary ruling, said Celadon cannot sell its Hyndman Transport assets...

Former employees of Hyndman Transport who say they are owed more than C$2 million will begin legal action Wednesday to disrupt U.S. owner Celadon's efforts to sell off its Canadian assets as part of U.S. bankruptcy proceedings, FreightWaves has learned.  Andrew J. Hatnay, a Toronto labor lawyer...

Celadon Group plans to sell Hyndman Transport's headquarters to a Canadian real estate firm for C$12 million after a U.S. federal judge approved the bankrupt trucking company's request to fast-track the deal on Monday. The sale appears set to close imminently, after Guelph-based Wyndham Street...

On the last episode of 2019 Dooner and Chad are wrapping up this year in freight. They've got all the latest headlines including news on the Drug and Alcohol Clearing House, Mexican meth making a border run, Celadon wants bankruptcy recognized in Canada, we pick the top stories of the year, Kevin...

Canadian federal authorities are investigating the dismissal of Celadon's Hyndman Transport workers, who could be entitled to a large payout depending on the outcome. Employment and Social Development Canada is conducting a group termination investigation in connection with the Dec. 9 shutdown and...

Barb Taylor, 56, has a reminder for anyone sent to repossess her black International LoneStar truck — the one with the giant pink ribbon decal. "That's my truck," said Taylor, who has lived six years after her breast cancer returned as stage 4. Doctors expected her to live for just two.  "Owning...

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...

Chart of the Week: 3-Year-Old Used Truck Prices – USA, Cass Freight Shipments Index – USA SONAR: UT3.USA, CFIS.USA At this point the news and story of Celadon, the largest trucking failure in history has been covered extensively in the media. The 3,000+ trucking company was by far the largest to...

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...

On today's episode Dooner and Chad continue their coverage on Celadon, talk about the new trade deal, a shooting at Dart, we talk to Craig Bliss about the importance of social media during carrier shutdowns, Mike Caney knows what's On The Radar, FreightWaves HR helps displaced workers get a job,...

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...

On this episode of Great Quarter, Guys, Seth Holm, Kevin Hill and Andrew Cox break down Kraft Heinz (NASDAQ: KHC), discuss Goldman Sachs Group Inc (NYSE: GS) initiating on the trucking sector, Celadon's fraud leading to bankruptcy, trucking supply and demand and more. Listen to more FreightWaves...

Days after thousands of employees and truck drivers for Celadon Group Inc. received word that one of North America's largest carriers was filing for Chapter 11 bankruptcy protection, many are still struggling to take in the news. While rumors were swirling on social media that the carrier was in...