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An American trucking giant is slated to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless
Posted By: HotCoffee
Date: Saturday, 9-Jan-2021 07:27:49
www.rumormill.news/136822
Rachel Premack
1 hr ago
The trucking "bloodbath" of 2019 is ending on a remarkably sour note.
Celadon, a truckload carrier that grossed $1 billion as recently as 2015, will file for bankruptcy on Dec. 11 or earlier, inside sources told leading industry publication FreightWaves on Dec. 6.
It's poised to be the largest truckload bankruptcy in history - and its drivers are already getting slammed.
The bankruptcy has the potential to leave more than 3,200 truck drivers stranded and away from home. Sources told Business Insider that Celadon truck drivers' fuel cards are already getting turned off, which means they're unable to get home without spending serious cash on gas or arranging their own transport by car, plane, or bus.
An internal source confirmed to FreightWaves that the company may not be able to get drivers home on time, and encouraged them to fill their tanks as soon as possible.
Numerous Facebook groups have been set up to help stranded Celadon truck drivers connect to others, including Celadon Closure Assistance and Jobs. Celadon did not immediately respond to a Business Insider request for comment.
more
https://www.msn.com/en-us/money/companies/an-american-trucking-giant-is-slated-to-declare-bankruptcy-%E2%80%94-and-it-may-leave-more-than-3200-truck-drivers-stranded-and-jobless/ar-BBXXdx6?li=BBnb7Kz
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