After closing without notice in early December, Akron, Ohio-based GDS Express has filed for bankruptcy. The company filed for Chapter 11 liquidation on Dec. 27, 2019, citing the shutdown of a revolving credit account.
After scouring through our website analytics of news items of the past 12 months, HDT came up with the top 19 stories of 2019, giving you a look back on some of the important moments from this past year.
Celadon CEO Paul Svindland told HDT that the company’s "intent is to ensure drivers deliver their last loads safely and will then be instructed on where to deliver their equipment.”
Refrigerated fleet Cold Carriers Logistics filed for Chapter 11 bankruptcy reorganization in Florida on Sept. 27, according to a recent court filing.
Car Hauler Jack Cooper Ventures has filed for chapter 11 bankruptcy citing difficulty competing with its mostly non-unionized competition.
Recent closures have prompted headlines touting trucking’s “bloodbath” and “apocalypse.” But anyone who has been in this business for very long at all knows trucking is extremely cyclical.
A regional less-than-truckload carrier has shut down abruptly, apparently unable to face obligations from a legal settlement regarding charges of being a chameleon carrier.
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.
Premium Transportation Services, also known as Total Transportation Services, has filed for Chapter 11 bankruptcy, citing its financial troubles related to driver misclassification lawsuits and legal costs.
Truck drivers for New Century Transportation are reportedly interviewing for new jobs at the company’s New Jersey terminal, while other carriers are moving freight left in the fleet’s system and a lawsuit has been filed, following the fleet's closure earlier this week and filing for bankruptcy liquidation.