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Browse stories from the iTrucker archive.

News · Dec 9, 2019

Celadon’s Canadian carrier Hyndman Transport shuts down, drivers "in shock"

Story by: Nate Tabak, Canada Correspondent @ freightwaves.com "Drivers “in shock” and blame the troubles of their U.S. parent company for causing Canada’s largest trucking failure of 2019". Four days before Celadon Group filed for bankruptcy, its Canadian subsidiary, Hyndman Transport, posted a photo apparently celebrating its latest hires at the trucking company. “Welcome to Hyndman! #HyndmanHires,” the Dec. 5 post read. But this morning, drivers at Hyndman’s headquarters in Ayr, Ontario, learn

Celadon-Group-makes-bankruptcy-official-shuts-down-after-34-years

News · Dec 9, 2019

Following trucking’s biggest bankruptcy: FreightWavesTV live coverage Monday, December 9th

By: Emily Szink @ FreightWaves.com FreightWaves continues to follow the fallout at Celadon Group. The biggest bankruptcy in truckload history is expected any day. An internal source tells FreightWaves that Indianapolis based Celadon Group will file for bankruptcy protection under Chapter 11. Close to 3,500 employees could lose their jobs. On Monday, December 9th, FreightWavesTV will begin live coverage at 11 a.m. EST. A special edition of WHAT THE TRUCK?!? will air from 3:30-4:30 EST. You can ca

News · Dec 9, 2019

Roadrunner sells flatbed unit, another step in restructuring

Story by: Todd Maiden @ FreightWaves.com Roadrunner Transportation Systems, Inc. (NYSE: RRTS) announced that it has sold its flatbed unit, which operates as D&E Transport based in Clearwater, Minnesota. The transportation and asset-light logistics service provider said that the sale of the unit for $30 million in cash was part of its ongoing restructuring plan aimed at focusing on core, less capital-intensive offerings like logistics and asset-light less-than-truckload (LTL) services. “The dives

News · Dec 9, 2019

Celadon has officially filed for bankruptcy, shuts down after 34 years (with the video)

Story by: John Paul Hampstead, Director, Passport Research @ FreightWaves.com This morning, Celadon Group (OTC: CGIP) executives told its employees that the company filed for bankruptcy protection under Chapter 11 and will shut down the operations of its over-the-road fleet. The official announcement came after a chaotic weekend of credit, customer, and driver issues when word got out about Celadon’s impending Chapter 11 bankruptcy filing. Employees were instructed to come to a meeting at the co

News · Dec 8, 2019

E-commerce kills efficiency as carrier miles decline

Story by: Zach Strickland, FW Market Expert & Market Analyst @ FreightWaves.com Chart of the Week: Average Length of Haul – Company and Leased Fleet Dry Van Carriers, Retail Sales – Online and Mail Order SONAR:ALOHA.VCFOO, RESL.ONLN This year’s Black Friday and Cyber Monday shopping extravaganza were record-breaking in terms of online sales. Both Thanksgiving and Black Friday showed huge y/y increases in online sales revenue, with 14.5% and 19% increases respectively. The e-commerce giant, Amazo

News · Dec 8, 2019

Watchdog group finds EPA failed in glider kit repeal rule

Story by: John Gallagher, Washington Correspondent @ FreightWaves.com A scathing report by the U.S. Environmental Protection Agency’s (EPA) Office of Inspector General (OIG) found that the EPA ignored required procedures in developing a proposed rule for glider trucks and that the White House attempted to impede the OIG’s investigation. The EPA, under former administrator Scott Pruitt, had attempted in 2017 to exempt glider kits from Phase 2 emissions rules developed under the Obama administrati

News · Dec 8, 2019

FMCSA rejects UPS driver training exemption request

Story by: John Gallagher, Washington Correspondent @ FreightWaves.com Federal regulators have denied a petition by UPS [NYSE: UPS] to be exempted from two requirements of the entry-level driver training (ELDT) final rule after finding the company failed to make a valid safety case for its request. In its petition filed earlier this year, UPS contended that its own well-established training program effectively trains drivers, but if forced to comply with the rule’s specific instructor qualificati

News · Dec 8, 2019

Rival carriers rush to assist stranded Celadon drivers

Story by: Eric Kulisch @FreightWaves Drivers for Celadon Group Inc. (OTC: CGIP) appear to have been the last ones to find out about the company’s imminent bankruptcy and shutdown of its over-the-road trucking operation, leaving many of them stranded on highways with no instructions on how to dispose of their rigs and freight or assistance getting home. Some of Celadon’s competitors are stepping into the breach to help drivers get home, but before they abandon their vehicles there are steps they

News · Dec 7, 2019

Carrier blames weak freight market, bad lease deal as a reason bankruptcy

Story by: Clarissa Hawes @ FreightWaves Family-owned Hendrickson Truck Lines Inc. of Sacramento, California, recently filed for bankruptcy protection, citing a soft freight market, loss of two key customers and a bad truck leasing agreement. In its filing with the U.S. District Court for the Eastern District of California, it listed assets and liabilities as being between $10 million and $50 million. Robert Destfino, vice president of sales of Hendrickson, declined to comment about the company’s

News · Dec 7, 2019

Biggest bankruptcy in trucking history expected by mid-week (with video)

Story by: John Paul Hampstead, Director, Passport Research @ FreightWaves Celadon Group (OTC: CGIP) will file for bankruptcy protection under Chapter 11 no later than Wednesday, December 11, according to internal sources. The Indianapolis-based, publicly-traded trucking carrier employed more than 3,200 drivers and took in more than $1 billion in gross revenue as recently as 2015. More recent numbers are difficult to come by because Celadon had to restate its financial reporting after mismanageme

News · Dec 6, 2019

Maine State Police seize multiple trucks for $75,000 in unpaid tolls

Story by: Emily Szink @Freightwaves On Friday Maine State Police seized a total of six tractor-trailers for racking up approximately $75,000 in unpaid toll debt over the past three years. All six were owned and operated by Commodity Haulers Express of North Kingston, Rhode Island. The investigation into the unpaid tolls began in November when an official with the Maine State Police was asked to look into a toll evasion case involving Commodity Haulers Express. Officials say the company was notif

News · Dec 6, 2019

Trucking group's attorney says he’s prepared to take anti-owner-operator laws all the way to Supreme Court

Story by:James Jaillet @trucknewsJJ | @ http://ccjdigital.com Some 2,800 miles from Sacramento, where California lawmakers are fresh off enacting a bill that effectively blocks motor carriers from contracting with owner-operators, state lawmakers in Trenton, New Jersey, are considering nearly identical legislation. Like California’s September-passed A.B. 5 law, New Jersey’s S. 4204 would restrict businesses’ ability to use independent contractors. It’s unclear what the ramifications of the New J