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FreightWaves Haul of Fame: CX Roberson was sold to Celadon

FreightWaves Haul of Fame: CX Roberson was sold to Celadon
freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.

Comcar bankruptcy liquidation plan approved

Comcar bankruptcy liquidation plan approved Sale of remaining assets expected to bring in $23.4 million 0 796 2 minutes read TFI International acquired most of the assets of MCT Transport in the Comcar bankruptcy. (Photo: Jim Allen/FreightWaves) A federal judge approved plans to liquidate what little assets remain of bankrupt trucking company Comcar Industries: ostensibly real estate. The Chapter 11 liquidation plan received approval on Wednesday in the U.S. Bankruptcy Court for the District of Delaware. The remaining assets will be sold through two trusts, with an expected recovery of $23.4 million, according to court filings.  About $15 million will be available to creditors, according to liquidation analysis filed in the court in January. Most will be distributed to secured creditors, with $3.1 million left for unsecured creditors with about $78.6 million in claims. 

FreightWaves Haul of Fame: Celadon Group s 2019 bankruptcy impacted thousands of employees

FreightWaves Haul of Fame: Celadon Group’s 2019 bankruptcy impacted thousands of employees A Celadon tractor-trailer in better days. (Photo credit: Jim Allen/FreightWaves) It was just over a year ago (December 9, 2019) that Celadon Group filed for bankruptcy protection. In a story reported extensively by FreightWaves and other news outlets, ceasing operations immediately in one of the largest bankruptcy filings for a trucking company in recent memory. Clarissa Hawes was one of the team of FreightWaves reporters who worked on the story a year ago. She wrote an “anniversary” article a few days ago that you can read here.  Before its bankruptcy filing, the company had accomplished a great deal in a relatively short time period. 

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