Government, Business, Breaking News, Top 100

Celadon Files for Bankruptcy, Shuts Down

Celadon trucks Bloomberg News

Celadon Group Inc. is filing for bankruptcy and shutting down immediately amid falling freight rates and the effects of penalties levied by the U.S. Department of Justice for settlement of securities fraud charges brought against prior management.

Dan Ronan | Associate News Editor
December 9, 2019
Government, Business, Top 100

Two Former Celadon Executives Charged in Fraud Scheme

Celadon headquarters John Sommers II for Transport Topics

The Securities and Exchange Commission and federal prosecutors on Dec. 5 charged two former top executives of Indianapolis-based trucking company Celadon Group Inc. for their participation in an accounting fraud in 2016 and 2017 that allegedly inflated the company’s income and earnings per share.

Eric Miller | Staff Reporter
December 5, 2019
Business, Top 100

Class 8 Orders Slump for Weakest November Since 2015

Freightliner eCascadia Freightliner eCascadia battery-electric truck by DTNA

Preliminary North American Class 8 net orders for November passed 17,000 and hit the second-highest point reached this year, but analysts at two data-tracking firms said it did nothing to alter the slumping direction of the overall trend.

Roger Gilroy | Staff Reporter
December 5, 2019
Business, Technology, Logistics, Top 50, Top 100

Schneider Launches Load-Booking Tool for Third Parties

Schneider truck Schneider

Schneider launched an automated tool that enables third-party carriers to instantly book loads with the click of a button, the carrier said in a Nov. 26 news release.

November 27, 2019
Business, Logistics, Top 100

Shippers, Carriers Shift Into High Gear for Cyber Monday

UPS holiday delivery UPS Inc.

The holiday shopping season is here, and the big e-commerce day is expected to make shippers busy.

Jim Stinson | Staff Reporter
November 26, 2019
Government, Business, Logistics, Top 100

Coyote Predicts Spot Market Prices to Rise in Q1 2020

truck at loading dock Getty Images

Coyote Logistics forecast truckload spot rates will increase heading into 2019’s peak season and continue into 2020 in its prediction for the final quarter of the year.

Jim Stinson | Staff Reporter
November 21, 2019
Government, Business, Logistics, Top 100

Dean Foods Bankruptcy Should Have Little Impact on Trucking, Experts Say

Milk case in grocery store Sue Ogrocki/AP

Trucking and agriculture officials said the Chapter 11 bankruptcy filing by Dean Foods and its decision to sell its assets to the national milk marketing cooperative Dairy Farmers of America is not an indication of a broader problem in the sector, at least in the short term.

Dan Ronan | Associate News Editor
November 20, 2019
Government, Business, Logistics, Top 100

Global Shipment Giant DHL Says Worst Is Over for Trade, Brexit

DHL vehicles Martin Leissl/Bloomberg

The worst may be over for global trade as tensions over Brexit and the U.S.-China relationship show signs of easing, according to John Pearson of DHL Express.

Richard Weiss | Bloomberg News
November 19, 2019
Business, Equipment, Safety, Logistics, Top 50, Top 100

Schneider Donates 10 Tractors to CDL Schools

Schneider A Schneider truck on the road. (John Sommers II for Transport Topics)

Schneider is donating 10 gently used, late-model trucks to select CDL driver training programs at community or technical colleges throughout the U.S., the company said in a news release Nov. 15.

November 15, 2019
Business, Logistics, Top 100

Dean Foods Files for Chapter 11 Bankruptcy Reorganization

McArthur Dairy milk, a Dean Foods brand Jugs of McArthur Dairy milk, a Dean Foods brand, at a grocery store. (Wilfredo Lee/AP)

Top U.S. milk processor Dean Foods Co. filed for Chapter 11 bankruptcy and is in advanced talks with Dairy Farmers of America Inc. about a potential sale.

November 13, 2019

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