Celadon closing up shop!

Discussion in 'Truckers News' started by drvrtech77, Dec 7, 2019.

  1. Johny41

    Johny41 Road Train Member

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    Celadon is self insured, i doubt they'll dump equipment and drivers all over the country without a couple of days window /notice to do it legally .
     
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  3. radioshark

    radioshark Road Train Member

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    Payroll is considered the highest level of creditor. If there is anything left they are first in line to paid. Then comes creditors that have been secured by assets.
    Then bond holders then stockholders in that order.
     
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  5. buddyd157

    buddyd157 Road Train Member

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    and that's the $64,000 question..how much will be left, and if any, will the employees only get a percentage of the pay, in order to spread out the payments?

    don't really matter the size of the company, mega, large, medium, or small.....bankruptcy is gonna suck for anyone.

    all we can do is sit back and wait for soon to be former employee's to come and tell us how they made out in the end.
     
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  6. Upinsmoke

    Upinsmoke Medium Load Member

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    I've made money at every company I've worked for..not living my life in a cascadia or prostar..
     
  7. chat1850

    chat1850 Light Load Member

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    Dec 29, 2018
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    Opens the door for us o/o..feel sorry for the drivers that work there hope yall dont get stuck out on the road like others have in the past.
     
    Jarhed1964 Thanks this.
  8. kindastupid

    kindastupid Bobtail Member

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    I love it when a know-it-all has no clue what they're talking about
     
    Upinsmoke Thanks this.
  9. BIF MALIBU

    BIF MALIBU Heavy Load Member

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    lake cushman wa
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    so, you say wait while they make arrangements for you to drive their equipment to the auction?
    sounds like more unpaid waiting and driving time to me
    maybe a good policy would be never be a cheerleader or recruiter in an industry of sharks
    one of the male cheerleaders sent me a PM last year hatefully asking when his fuel card was getting turned off
    look at yourself
    you have been in a sleeper truck 24/7 and you need charity to get home
    obviously you dont make enough money
     
  10. Upinsmoke

    Upinsmoke Medium Load Member

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    You worked for Crete 12 years..joined tr today..just to tell us how great they are?


    :dontknow::druid::kermit::laughing3::laughing3:
     
  11. BIF MALIBU

    BIF MALIBU Heavy Load Member

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    lake cushman wa
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    another thing with the cheerleaders/recruiters
    they like to make statements like "we bought new trucks" " we bought new trailers" "we have a new payroll scam"
    then they claim to be lowly drivers thrown out on the street like the rest of them
     
    Jarhed1964 and Upinsmoke Thank this.
  12. BackwoodsGA

    BackwoodsGA Road Train Member

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    All too fresh in my mind is when Arrow folded in 2008.The company left MANY stranded.
     
  13. chat1850

    chat1850 Light Load Member

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    That is true,my brother was one of the drivers stranded.
     
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