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According to an article from the Transportation Nation Network (TNN), one of the largest publicly traded transportation companies in the United States, Celadon Group, filed bankruptcy on Sunday, Dec. 8.
Sources with direct knowledge of the situation told Transportation Nation Network (TNN) on Friday evening that the troubled Indianapolis-based mega carrier will cease operations beginning Monday, Dec. 9.
Celadon began notifying customers on Thursday, Dec. 5 the company would soon be filing bankruptcy and no longer be servicing accounts.
TNN has confirmed this with multiple large Celadon customers as these customers are currently scrambling to secure needed capacity.
Click here to continue to the full story on Transportation Nation Network.
RELATED: Click here to read our December cover story exploring the impacts of the 2020 trucking recession.
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