Celadon on the ropes...

Hyndman

Celadon’s Canadian carrier Hyndman Transport shuts down - FreightWaves

 

That is going to be a very bitter pill to swallow.

 

Additional pain for the industry could be coming next year in the form of labor laws designed to protect contracted workers from being misclassified. In California, for example, starting in January a law will go into effect that will make it harder for companies to classify workers as contractors, which the California Trucking Association has said could put 70,000 owner-operators in the state out of work. The group has sued to prevent the law from taking effect.


Hundreds of US trucking companies have failed so far this year, more still to come

 

If you are an owner / operator, you are a contractor. lf you are driving a truck, being paid on a 1099 / no taxes with held and no workmans comp - you are an employee according to IRS

 

Yet the ATA still cries trucker shortage.
What a bunch of schill ###holes

 

The bankruptcy of trucking giant Celadon just left nearly 4,000 people jobless. The short seller who predicted the company's implosion told us what tipped him off.

 

Dept of labor squashed that several months ago

 

Celadon bankruptcy biggest of nearly 800 truck company failures this year