Celadon

Bankrupt Celadon Group says employees in Mexico recently resumed "limited operations" of its transportation business there using the company's cash receivables after initiating a series of labor disputes, court filings show. Celadon made puzzling disclosures in two Feb. 21 filings in U.S....

PAM Transportation Services is seeking to buy bankrupt Celadon Group's Mexican business, including carrier Jaguar Transportation, for $7 million, court filings show.  Celadon disclosed the proposed deal with PAM Transport on Friday in a filing in U.S. Bankruptcy Court for the District of Delaware...

A Canadian judge approved the sale of the former headquarters and a terminal of bankrupt Celadon Group's Hyndman Transport on Friday. Ontario Superior Court Judge Glenn Hainey cleared the way for U.S.-based Celadon to proceed with existing deals to sell Hyndman's Ayr, Ontario, headquarters for C$...

A North Carolina towing and repossession company is accused of holding equipment belonging to bankrupt Celadon Truck Group for ransom. The complaint alleges that Triangle Recovery Services of Raleigh, North Carolina, falsely advertised itself as a surrender site for equipment belonging to Celadon...

PAM Transportation CEO Daniel H. Cushman told FreightWaves during an interview Tuesday that his company's trucking service to Mexico is "busting at the seams." "It is just a month into the year, but we are already 26% over where we were last year, so we are growing at a rapid pace," Cushman said...

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Third-party logistics firm STG Logistics has tapped Paul Svindland, former chief executive of bankrupt Celadon Group Inc., to lead its company. STG is owned by private-equity firm Wind Point Partners, headquartered in Chicago. Svindland said he will assume his new position on March 2, just months...

Celadon Group plans to sell its trucking terminal in Laredo, Texas, to P.A.M. Transportation Services for $19.8 million, according to a filing in U.S. Bankruptcy Court for the District of Delaware. The sale appears set to close imminently, after P.A.M. Transportation Services signed a purchase...

Celadon Group seeks to pay up to $900,000 total in bonuses to three executives to wind down the bankrupt company's sprawling North American transportation businesses, court filings show. While many of the details of the proposed payouts and the identities of the executives remain sealed in U.S....

Hey hey hey, welcome to the workin' weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November 2019, and for fear that future access to the shared IT system would again be blocked, and the failure to remit millions of...

Maple Leaf Motoring is a weekly rundown of developments in the world of Canadian transportation. This week: Did Celadon behave badly in Canada?; Union continues refinery blockage arrests; and Iranian-Canadian trucker blocked from entering U.S. Lawyers for Celadon Group and its former Canadian...

A $6.2 million breach-of-contract lawsuit forced cash-strapped Celadon Group Inc. to file for bankruptcy protection, according to recently unsealed court documents. Celadon and three of its subsidiaries allegedly collected and spent millions of dollars in receivables belonging to TA Dispatch LLC...

Celadon Group brought its U.S. bankruptcy to a Canadian court Thursday, more than six weeks after shutting down its Ontario truckload carrier, Hyndman Transport. The move was a victory for former drivers and staff seeking more than C$2 million in unpaid compensation. Ontario Superior Court Justice...

Celadon Group depleted the cash generated by the profitable core business of Hyndman Transport without leaving sufficient funds for employees and creditors after its sudden shutdown, the Canadian trucking company's former chief financial officer alleges in a forthcoming court filing.  Jeff Sippel...

Celadon Group plans to make Hyndman Transport officially bankrupt in Canada after an Ontario judge effectively forced the U.S. company's hand over more than C$2 million in claims by former employees of the shuttered subsidiary. Edmond Lamek, a lawyer for Hyndman, told an Ontario Superior Court...