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Tag: bankruptcy
Channel 19
More Celadon fallout: Next steps for two operators
(UPDATED: 12/11/2019 with detail from former Celadon lease-partner TEL.) Who’s more important in the trucking-business mix — the drivers or the customers? Given it seems drivers were among some of the last to know of the trucking company’s impending closure, formerly Celadon-employed trucker Bo Wells’ story suggests the question is well appropriate.
December 10, 2019
Voices
Bailouts: No more, no way, no how
Almost 80 percent of readers said no to a federal bailout of Detroit as it faces bankruptcy.
August 12, 2013
Voices
Should U.S. taxpayers bail out Detroit?
Weigh in on the much-debated topic of late, part of our Hot Buttons series — should municipal bankruptcy protections be routine for the federal government?
July 24, 2013
Home
California toll road operator files Chapter 11
The company operating South Bay Expressway, a 10-mile toll road near San Diego, has filed for Chapter 11 bankruptcy, but state and company officials say they expect motorists to be unaffected by the filing. South Bay Expressway L.P., AKA San Diego Expressway L.P., filed for reorganization in U.S. Bankruptcy Court for the Southern District of […]
March 31, 2010
Channel 19
Saying goodbye to Michigan’s Te-Khi and Tekon independent truckstops
Soft freight and high fuel got you down? You’re not alone. Though business for the nation’s truckers has picked up since the extremely slow period we all saw last year, difficulties continue for many, and for two independent truckstops in Michigan the pressures were just too much. Writing in the Battle Creek Enquirer, Andy Fitzpatrick told a […]
March 3, 2010
Overdrive Extra
Arrow Trucking: Lawsuits, blame and good news
Some new developments emerged in recent days with Arrow Trucking, now two months after its Dec. 22 closing. Two items are from the Tulsa World. One details how lawsuits filed individually against executives are moving forward even though bankruptcy proceedings protect the company  from further lawsuits. Several of the civil cases are against Former CEO […]
February 24, 2010
Overdrive Extra
Dollars and Sense: Expect more pain before any gain
I predict some pickup in freight and rates in this fourth quarter, but the real upward climb will not begin until the second quarter of 2010.
September 9, 2009
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