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Major Freight Carrier Bankrupted, Leaving 3,000 Truckers Jobless, Many Stranded On Highways

Tuesday, December 10, 2019 3:09

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“Major Freight Carrier Bankrupted, Leaving 3,000 Truckers Jobless,

Many Stranded On Highways”

by Tyler Durden

“As the manufacturing recession gains momentum, the largest U.S. truckload carrier filed for bankruptcy Monday morning, leaving 3,000 truck drivers and 500 administrative positions without a job two weeks before Christmas. Indianapolis-based Celadon filed for voluntary Chapter 11 bankruptcy in the early hours on Monday morning. Around 1:43 am est., headlines via Reuters confirmed the bankruptcy and how all domestic and international operations have been halted.

Click each image for larger size.

With the overall economy rapidly decelerating through Q4 and likely into 1Q20, the trucking bust will likely get more severe. As for the stranded Celadon truck drivers – some might not make it home for the holidays.”

- https://www.zerohedge.com/markets/

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Yeah… Merry Christmas.

Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2019/12/major-freight-carrier-bankrupted.html

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