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The Mysterious Resurrection Of Celadon's Mexican Business
Monday, February 24, 2020 - 3:37pm | 555Bankrupt 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....
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PAM Transport Looks To Buy Celadon's Mexican Business, Court Filings Show
Monday, February 24, 2020 - 10:31am | 272PAM Transportation Services is seeking to buy bankrupt Celadon Group's Mexican business, including carrier Jaguar Transportation, for $7 million, court filings show. Celadon disclosed the proposed deal with PAM Transport on Friday in a filing in U.S. Bankruptcy Court for the District of Delaware...
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Canadian Judge OKs Celadon's Sale Of Hyndman HQ, Terminal
Monday, February 17, 2020 - 10:08am | 408A Canadian judge approved the sale of the former headquarters and a terminal of bankrupt Celadon Group's Hyndman Transport on Friday. Ontario Superior Court Judge Glenn Hainey cleared the way for U.S.-based Celadon to proceed with existing deals to sell Hyndman's Ayr, Ontario, headquarters for C$...
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Bankrupt Celadon Accuses Recovery Company Of Illegally Seizing Equipment
Wednesday, February 12, 2020 - 6:11pm | 385A 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...
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PAM Transportation CEO Discusses Plans After Acquiring Celadon's Laredo Terminal
Tuesday, February 11, 2020 - 4:40pm | 638PAM 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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Celadon Pushes For Exec Bonuses
Friday, January 31, 2020 - 9:53am | 27Image Sourced from Pixabay
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Ex-Celadon CEO Paul Svindland Lands New Job At STG Logistics
Wednesday, January 29, 2020 - 2:59pm | 642Third-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...
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P.A.M. Transportation Set To Purchase Celadon's Laredo Terminal For $19.8 Million
Tuesday, January 28, 2020 - 12:00pm | 405Celadon 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...
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Bankrupt Celadon Seeks $900,000 In Bonuses For Executives, Court Filings Show
Monday, January 27, 2020 - 6:11pm | 500Celadon 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....
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WTT?!? Weekend: The Celadon Hits Keep On Coming, Walmart Appeals California Decision, Amazon Accused Of More Abuse
Monday, January 27, 2020 - 11:54am | 670Hey 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...
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Maple Leaf Motoring: Celadon Creditors Aren't "Screwing The Canadians," Lawyer Says
Monday, January 27, 2020 - 11:29am | 696Maple 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...
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Unsealed Court Documents Reveal Breach-Of-Contract Lawsuit Triggered Celadon Bankruptcy
Friday, January 24, 2020 - 9:50am | 869A $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...
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Celadon Brings US Bankruptcy To Canada In Victory For Ex-Hyndman Drivers
Thursday, January 23, 2020 - 6:01pm | 296Celadon 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...
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Celadon Drained Cash Of Canadian Trucking Business, Former Hyndman Executive Alleges
Tuesday, January 21, 2020 - 12:41pm | 457Celadon 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...
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Celadon To Formalize Hyndman Bankruptcy In Canada As Judge Bars Funds Transfers
Tuesday, January 21, 2020 - 11:16am | 419Celadon 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...