New england motor freight bankruptcy
Web11 feb. 2024 · New England Motor Freight Inc. February 11, 2024. New England Motor Freight Inc. (“NEMF”) and its affiliated debtors filed for bankruptcy in the District of New Jersey.NEMF provides less-than-truckload transportation services; its debtor affiliates also provide, among other things, truckload carrier services, equipment leasing, third party … Web13 feb. 2024 · ELIZABETH, N.J. — New England Motor Freight Inc. — which has a terminal location in Falconer — announced that it and 10 related entities have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark. NEMF intends to use these proceedings […]
New england motor freight bankruptcy
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On February 11, 2024, NEMF filed for Chapter 11 bankruptcy citing rising overhead costs and a shortage of drivers, officially closing its doors one year later. According to the company, the decision to file for bankruptcy and wind down its operations came after two years of losses and an unsuccessful effort to … Meer weergeven New England Motor Freight, Inc. (NEMF) was a unionized less-than-truckload (LTL) and truckload freight carrier, based in Elizabeth, New Jersey. It was one of the largest LTL carriers in the US Northeast when it entered Meer weergeven The origins of the company go back to 1918 when a small trucking company began hauling products for the National Biscuit … Meer weergeven Accusations of Mafia connections Mike Shevell and NEMF were both accused of having connections to the American Mafia, according to an investigation … Meer weergeven At the time of its bankruptcy, NEMF was the 17th largest LTL carrier in the US in 2024 with revenues over US$400 million. The company had 3,745 employees including over 1,300 drivers and operated approximately 10,000 pieces of equipment including … Meer weergeven • FMCSA Safety and Fitness Electronic Records • nasstrac.org • UPS Logistics Meer weergeven Web18 feb. 2024 · A New Jersey-based trucking company with a Bethpage facility has shut down, a week after it announced it was filing for bankruptcy. The family-owned company, New England Motor Freight …
Web11 feb. 2024 · Gibbons P.C. One Gateway Center Newark, NJ 07102-5310 (973) 596-4545 Fax : (973) 639-6356 Email: [email protected] Web26 apr. 2024 · An infusion of trucks and tractors from bankrupt NEMF would help Estes stretch its service offerings further beyond LTL and deeper into flatbed and dedicated truckload markets. ... New England Motor Freight (NEMF) New Penn Motor Express; Oak Harbor Freight Lines; Old Dominion Freight Line; Panther Expedited Services; Pitt Ohio; …
Web12 feb. 2024 · NEMF reportedly listed assets, in its filing in the U.S. Bankruptcy Court in Newark, N.J., of $100 million to $500 million and debts between $50 million and $100 … Web13 apr. 2024 · When New England Motor Freight announced its bankruptcy in February, around 200 local employees lost their jobs. That marked the end for the 101-year-old …
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Web14 apr. 2024 · NEMF, a fixture locally since 1986 after it bought the former Interstate Dress Carriers, emailed employees in February 2024, announcing plans to file Chapter 11 … ims-bottropWebThe NEMF bankruptcy filing created a vortex in the LTL industry. This is on the heels of the Teamsters-UPS LTL shutdown, pending a union contract, from Q4 last year. The LTL market is unstable at best, and seeing a carrier with more than $402 million in annual revenue fail is going to have a lasting change on the market. ims boulogneWebFreight carrier bankruptcies make 3PLs more important to shippers than ever. In 2024, New England Motor Freight (NEMF) generated $402 million in revenue. On February 12, 2024, NEMF, the country’s 19th largest LTL carrier, shut down operations and announced that it had filed for bankruptcy protection. One thousand four hundred seventy-two ... ims bottrop gmbh \u0026 co. kgWebHome - New England Motor Freight, Inc., et al. General Information For additional information, please contact the restructuring information center toll free at: 1-866-721-1211 or international toll at 1-212-771-1128 or submit an inquiry via e-mail to [email protected] Major Dates Filing Date February 11, 2024 First Day Hearing ims bottropWeb2 dagen geleden · John Gallagher. · Wednesday, April 12, 2024. New Phase 3 GHG standards would boost costs for trucking companies and owner-operators. (Photo: Jim Allen/FreightWaves) WASHINGTON — The Biden administration’s newly unveiled standards aimed at drastically reducing carbon emissions from heavy trucks would boost … ims-bottrop gmbh \u0026 co. kgWebIn re: New England Motor Freight, Inc., et al. Case No. 19-12809: Filing Date: February 11, 2024: Court Information: United States Bankruptcy Court District of New Jersey Martin … imsb reservationWebNew England Motor Freight’s impending shutdown will impact Western New York. The New Jersey-based trucking company filed for Chapter 11 bankruptcy protection and said it will shut down its ... lithium reserve in china