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Newspaper
Massillon Independent
Location
Massillon, Ohio, United States of America
Date
Dec 12, 2019
Page
5
Celadon Group Inc files Chapter 11 and shuts down all US Canada and Mexico operations leaving about 4000 employees jobless. Drivers stranded awaiting guidance as executives face fraud charges and assets are listed at 427 million against 391 million in debt.
Freightway Transportation Services in Canton says it is fortunate after Celadon Group filed for bankruptcy revealing a Plan B with Rush Trucking in Wayne. The firm helped remaining Celadon drivers finish loads and return home while Celadon halted fuel cards for some drivers and laid off staff. Celadon’s shutdown affected about 3,300 tractors, 10,000 trailers, and 4,000 employees nationwide. Freightway plans to place drivers in new roles as it restructures for growth.
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