Estes Express Lines has bid $15 million to acquire assets the Eastern Freight Ways and Carrier Industries divisions of New England Motor Freight, according to recent reports.
Estes Offers $15 Million for New England Motor Freight Assets
Estes Express Lines has bid $15 million to acquire assets of the Eastern Freight Ways and Carrier Industries divisions of the bankrupt carrier New England Motor Freight.
April 29, 2019
Estes Express Lines bid $15 million for the Eastern Eastern Freight Ways and Carrier Industries divisions of the bankrupt carrier New England Motor Freight.
Photo via NEMF Facebook page
1 min to read
The bid is part of NEMF’s chapter 11 bankruptcy proceedings, stemming from the LTL carrier’s decision to file for bankruptcy in early February. A decision on the $15 million bid will be made on May 16.
The New Jersey-based company stated that it had recorded losses in consecutive years and the damage was compounded by unsustainable increases to overhead.
The company determined that chapter 11 bankruptcy was the best way to maximize the value of its assets for the benefit of its employees and creditor constituencies.
For Estes Express, the acquisition would bolster the company’s flatbed truckload business. Estes is based in Richmond, Virginia, employing over 8,100 drivers with 6,700 vehicles and over 27,400 trailers.
More Fleet Management
BeyondTrucks Targets Rate Complexity with New AI RateAgents
BeyondTrucks says its new RateAgents can turn plain-language rate logic into working code, starting with fuel surcharges — a critical but notoriously complex piece of carrier revenue.
Read More →
Volvo Sees Market ‘Tipping Point’ as New VNL Orders Surge
Soft freight conditions persist, but aging fleets, strong order intake, and new-product momentum signal a more optimistic second half of 2026, Volvo Trucks North America says.
Read More →
Cargo Theft’s New Playbook: Strategic Fraud, Double Brokering, and Cybercrime Hit Trucking
Cargo theft is evolving from regional smash-and-grab operations to sophisticated fraud schemes. Strategic theft now accounts for roughly a third of cargo crime, with incidents rising sharply in recent years. Here’s how the schemes work — and what fleets can do to protect themselves.
Read More →
HDT Honors the Best New Products of 2025 at TMC [Photos]
Heavy Duty Trucking's Top 20 Products awards recognize the best new products and technologies. Check out the award presentations at the 2026 Technology & Maintenance Council annual meeting.
Read More →
Sponsored•March 31, 2026
Detroit Engines: Trusted Performance, Built for What's Next
The Detroit® Gen 6 engine platform proves that real progress doesn’t require a complete redesign. Built on 20 years of trusted technology, these engines are designed for efficiency, stronger performance, and greater reliability than before. And they do it all while complying with 2027 EPA standards on every mile.
Read More →
Q&A: What's Real in Advanced Truck Tech? ACT Expo's Erik Neandross Weighs In
The 2026 ACT Expo is focusing heavily on what organizer Erik Neandross calls trucking's digital frontier. This interview excerpt dives into artificial intelligence, zero-emission vehicles, and tips to make sense of it all.
Read More →
Trucking's Digital Frontier: AI, Connected Vehicles, Alternative Fuels and More
There's an amazing amount of new technology for trucking out there. For fleets, the challenge is figuring out what’s real, what’s hype, and what’s worth investing in.
Read More →
What's Real in Advanced Truck Technology? ACT Expo's Erik Neandross Weighs In
Artificial intelligence, the software-defined vehicle, telematics, autonomous trucks, electric trucks and alternative fuels, and more in this HDT Talks Trucking interview
Read More →
ACT: Trucking Volumes Rise, Capacity Tightens as Fuel Prices Cloud Outlook
ACT Research data shows volumes hitting a four-year high and supply-demand balance strengthening, but higher oil prices are undercutting tariff relief and tempering optimism.
Read More →
Wabash Teams Physical Security With Digital Tech For Better Cargo Visibility
The patent-pending cargo solution integrates a digitally connected cargo door and an intelligent locking system with the TrailerHawk.AI technology platform.
Read More →