Trucking Companies In Southern Indiana - Indianapolis-based Celadon Trucking issued a press release Monday morning saying the company is filing for Chapter 11 bankruptcy and "closing operations," a week after two former top government officials were indicted. on allegations of fraud.
According to the news release, the closing does not include Taylor Express' North Carolina business.
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Paul Swindland, CEO of Celadon, in a statement, said: "We have carefully explored all options to restructure Celadon and continue to operate the business, but most of the legacy and market wind they made it impossible." "Celadon has faced significant costs related to the multi-year investigation into the actions of the former management, including the recovery of financial statements. Combined with the major challenges in the industry and the large debt we have, Celadon is unable to Solving the liquidity problems. By selling the assets or other restructuring strategies. Therefore, together with the creditors, we have decided that Celadon has no other option than to stop all our operations and conduct the process in an orderly manner. and the safety of our operations through Chapter 11.
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Earlier this year, Celadon Group, Inc. agreed to pay $42.2 million in restitution to settle fraud charges stemming from misleading investors about inflated prices and properties.
And last week, two former senior employees of the company were indicted for fraud and embezzlement.
William Meek, 39, and Bobby Lee Peevler, 40, were named in an unsealed indictment Dec. 5 in federal court in Indianapolis, according to the U.S. Attorney's Office. of the Southern District of Indiana. Both men appeared in court and were granted bail. The destruction of the American truck industry began in the late 1970s. Congress passed the Motor Vehicle Act of 1980 and President Carter signed it into law on July 1, 1980. This ended 45 years of strict regulation by the Federal Trade Commission (ICC).
One of the biggest changes due to disruption is the virtual explosion in the number of trucking companies. Between 1980 and 1990, the number of license holders doubled - from 20,000 to 40,000!
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After 40 years of deregulation of American trucking, truckinginfo.net estimates that there are 1.2 million trucking companies in the United States. About 80 percent of these trucking companies are considered small companies with 6 trucks or less. Although the industry is still controlled by the US Department of Transportation, opportunities to enter the shipping industry have expanded significantly. It is estimated that there are more than 15.5 million cars on the road now; about two million tractor-trailers.
Classics and the Haul of Fame continue to highlight a few of these American car companies. A photo of Jim Allen, who had most of the photos taken, painted and/or used, is featured.
Some may say "cars..." and that is true to some extent. But every company has its own history. In addition, almost every company of tractors and trailers have their own characteristics - different types of paint, logos, logos, messages, etc. And for most of us business owners, watching them never gets old!
Founded in 1975, Budd Van Lines has become an industry leader. Dave Budd started the company out of his garage with two trucks and dreamed of becoming America's best moving company. At that time he was the representative of Engel Van Lines.
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In 1979, the company expanded and Budd became an agent for United Van Lines. The company opened an office in Flanders, New Jersey.
Budd Van Lines was founded in 1984 as an independent national van line. Dave Budd and his staff "saw a better way to serve our customers than the traditional line management system offered."
Growth continued, and in 1987 the company opened its first East West service center. Budd Van Lines opened the Southeast Regional Service Center in 1999 and the Midwest Regional Service Center in 2000. The Southwest Regional Service Center opened in 2007 and the Ohio Valley Service Center in 2010.
In 1994, Budd Van Lines doubled in size. The company's headquarters were moved to Somerset, New Jersey.
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The company opened a Midwest sales office in 1997, a Southwest sales office in 2001, a West Coast sales office in 2006, and a Mid-Atlantic sales office in 2008.
Budd Van Lines has developed innovative products. In 2011, he launched the exclusive Eco-Crate system. Continuing its environmental program, Budd Van Lines introduced the Roll-A-Bin in 2016, the largest product in the Eco-Crate system.
In 2015, Budd Van Lines introduced the Load It Once Move system. Budd is the first recipient of the Global Network 2015 Supplier Innovation Platinum Award for its system. The award is given to the supplier who creates a solution that shows significant cost savings and/or improved service results for Kartus customers.
In May 2018, the company introduced the third generation of Load it once system. The development includes improved air ducts with 30-40% better fuel economy, cameras that allow drivers to see what is happening behind, under and around the truck while on the highway, improving safety.
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In 2004, Budd was first recognized as a top national carrier in the Home Industry Moving Program Manager Survey. He received the award in 2006, 2008, 2009, 2010, 2011, 2012, 2015, 2017 and 2018.
In 2015, Budd Van Lines was recognized by the Graebel Relocation Alliance as one of the world's leading moving partners. This year, Budd was honored as the recipient of the 2015 Donor Award presented by Lexicon Relocation. The award measures outstanding achievements in Service Strength, Supplier Strength and Supplier Innovation. Budd was honored to join Lexicon's "World of Excellence."
Budd Van Lines Move Management Inc. (MMI) was recognized as partner of the year in 2013. This award recognizes Bud's excellence in corporate relocation and mobility. He won the award again in 2015.
In 2018, Budd was recognized by Graebel, BGRS and Lexicon as one of the world's leading relocation and moving partners.
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In 2019, Budd Van Lines acquired Wisconsin-based Moving & Storage, an industry leader. In the same year, Budd expanded its international services by entering into a strategic partnership with Aversal Global Relocation.
Bulkmatic Transport is headquartered in Griffith, Indiana. As the largest dry truck carrier in North America, Bulkmatic Transportation offers a network of dry truck services designed to meet the ever-changing needs of our customer base.
Since 1970, Bulkmatic has been one of the nation's most trusted dry bulk shipping companies. A private company, its leaders understand that it must provide the best value for customers and have a good workplace. This mantra drives the company to focus on cleanliness, driver and employee training and cooperation, safety and responsiveness.
Major industrial food companies and plastics manufacturers rely on Bulkmatic, making us the leading logistics system for bulk food, plastics and dry chemical products. The company has a large network of loading facilities and warehouses in the United States and Mexico.
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Bulkmatic has more than 500 truck drivers and 1,200 dry trailers, and 55 stations in North America.
Bulkmatic has been shipping dry bulk products in the United States and Mexico for nearly 50 years. As a specialist food carrier and a major plastic carrier, the company uses its know-how to deliver products safely, efficiently and without contamination. .
Bulkmatic has more than 30 years of experience in rail to truck loading facilities and is the largest provider of bulk carrier services in North America. In addition, the company has dedicated warehouses in key locations in the United States and Mexico, as well as store relationships throughout North America.
In Mexico, the company has ISO 9001: 2000 and CTPAT certified facilities that allow customers to reliably collect and store products.
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Based in Fresno, California, Bulldog Freightway, Inc. It was founded in 1999. The company offers transportation and logistics throughout the continental United States.
The company regularly ships in northern and southern California, Arizona, Nevada, Texas, Tennessee and other areas...
The modern and state-of-the-art fleet has 80 trucks and 100 trailers. Bulldog Freightway's trailers feature state-of-the-art Thermo King refrigerators and climate control products.
Buske Logistics was founded in 1923 as a private company. Still a family business, the company has more than 90 years of history in the transportation and logistics industry, combined with continuous innovation and technical expertise as a third-party logistics provider. . Buske Logistics serves the needs of Fortune 1000 companies in a variety of industries, from food and beverage to the automotive industry.
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Headquartered in Edwardsville, Illinois, 275 miles southwest of Chicago, Buske Logistics provides a complete supply chain to its customers throughout North America. Clients include Anheuser-Busch InBev, Ball Company, Coca-Cola, Diageo, Ford, Owens-Illinois, PepsiCo and TRW, among others.
Buske offers more than 2 million square feet of space in more than 18 locations in the United States and Canada. His work
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