Business, Safety, Government

New Century’s Shutdown Leaves Workers Scrambling

New Century Transportation Inc., which reported $267 million in revenue last year but was plagued by funding problems, abruptly shut down and filed for bankruptcy last week, leaving nearly 1,600 workers scrambling to find new jobs.

June 16, 2014
Business, Safety, Government

New Century Files for Bankruptcy, Plans Liquidation

New Century Transportation Inc.

New Century Transportation Inc. has filed for bankruptcy, and the less-than-truckload and truckload carrier intends to sell its assets after closing its doors earlier this week.

June 12, 2014
Business, Safety, Government

Trucking Bankruptcies Rise

Trucking fleet failures more than doubled in the first quarter from a year earlier as rising costs, regulatory burdens and inclement weather sank marginal fleets, a new report found.

April 14, 2014
Business, Safety, Government

American Roads LLC Files for Bankruptcy

The bankruptcy filing by the private owner of four Alabama toll roads and the operator of the Detroit-Windsor Tunnel is not expected to have any immediate effects on freight haulers, officials said.

August 5, 2013
Business, Safety, Government

Battery Manufacturer Exide Technologies Files for Bankruptcy

Heavy-duty truck and automobile battery manufacturer Exide Technologies filed for bankruptcy after environmental regulators in California shut down one if its lead-recycling plants, Bloomberg News reported Monday.

June 10, 2013
Business, Safety, Government

Trucking Failures Decline

Truck fleet failures continued to decline early this year, despite high diesel prices that stubbornly remained above $4 per gallon, according to a new report.

May 7, 2012
Business, Safety, Government

Hostess Brands Again Files for Bankruptcy

Hostess Brands, the maker of Twinkies snack cakes and Wonder bread, filed for bankruptcy Wednesday, less than three years after completing an earlier restructuring.

Dan Bearth | Senior Features Writer
January 13, 2012
Business, Safety, Government

Trailer Bridge to Be Delisted by Nasdaq

A day after announcing its bankruptcy filing, Trailer Bridge said late Thursday that its stock will be delisted by Nasdaq on Nov. 28.

November 18, 2011