Celadon, biggest bankruptcy in truckload history expected by mid-week

773118

{"text":"Celadon Group (OTC: CGIP) will file for bankruptcy protection under Chapter 11 no later than Wednesday, December 11, according to internal sources. The Indianapolis-based, publicly-traded trucking carrier employed more than 3,200 drivers and took in more than $1 billion in gross revenue as recently as 2015.\n\nMore recent numbers are difficult to come by because Celadon had to restate its financial reporting after mismanagement and a complex accounting scandal that ultimately resulted in former executives being indicted on securities fraud charges yesterday, December 5.\n\nRead more: https://www.freightwaves.com/news/celadon-biggest-bankruptcy-in-truckload-history-expected-by-mid-week  ","videos":"[]","link":"{}","pics":"[]","canComment":true}

464157

{"replyTo":"","text":"3200 drivers will be punished because of white collar crimes, corruption and greed. \n\nNo one should ever be allowed to gradizte college until they've mastered a blue collar skill/trade! \n\nAt least we learned to accept our financial status and find the honorable way up.","replyToPid":0}

792133

{"replyTo":"","text":"celadon been crooked for years. anyone surprised at this wasnt paying attention.","replyToPid":0}

210904

{"replyTo":"","text":"If your smart and they shut off your card, head for home and put a mechanic lien on the truck and trailer, maybe you will win and walk away with your own truck","replyToPid":0}

599434

{"replyTo":"

553636 发表于 2019-12-07 22:08:14 Now is the time to buy stock!

","text":"This stock won’t recover. The entire industry is weakening. ","replyToPid":277017}

859407

{"replyTo":"","text":"Oops!  I hate when I get caught committing securities fraud.. 🤦‍♂️","replyToPid":0}

824065

{"replyTo":"","text":"I’m hearing that Celadon has already begun turning fuel cards off and drivers are being left stranded. ","replyToPid":0}

553636

{"replyTo":"","text":"Now is the time to buy stock!","replyToPid":0}

553636

{"replyToPid":0,"replyTo":"","text":"Only sarcasm... would be good for shorts!\n\nJust bought 15 $PCAR earlier though 🤞"}

824065

{"replyTo":"

859407 发表于 2019-12-08 02:15:38 I wonder how many will just drive it out of fuel and leave it there

","text":"I heard of one driver being skeptical about filling up because he would be over weight. If I was him I’d drop the trailer and drive as close to home as possible. ","replyToPid":277145}

553636

{"replyToPid":277061,"replyTo":"

599434 发表于 2019-12-07 23:58:36 This stock won’t recover. The entire industry is weakening.

","text":"\\\n V"}

859407

{"replyTo":"

824065 发表于 2019-12-08 01:57:51 I’m hearing that Celadon has already begun turning fuel cards off and drivers are being left stranded.

","text":"I wonder how many will just drive it out of fuel and leave it there","replyToPid":277126}