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.
The trucking company New Century Transportation is shutting down and filing for Chapter 7 bankruptcy liquidation.
A U.S. Bankruptcy Court judge in Delaware has given vehicle hauler Allied Systems Holdings the go-ahead to sell most of its assets to a rival auto transporter for $135 million.
At an auction that concluded on Thursday, auto transporter Allied System Holdings selected fellow auto hauler Jack Cooper Transport as the entity with the best and highest bid.
Exide Technologies, a battery maker based in Milton, Ga., has filed for voluntary Chapter 11 bankruptcy reorganization as it attempts to restructure its U.S. business and strengthen its balance sheet. The company said its international operations are excluded from the filing, which it made Monday in U.S. Bankruptcy Court in Delaware.