An American trucking giant is slated to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless (CGIP)

AP Photo/John Froschauer

• Trucking giant Celadon is declaring bankruptcy this week, inside sources told FreightWaves on Dec. 6.
• It's poised to be the largest truckload bankruptcy in history.
• The bankruptcy has the potential to leave more than 3,200 truck drivers stranded and away from home.
• Numerous Facebook groups have been set up to help stranded Celadon truck drivers connect to others.
• Visit Business Insider's homepage for more stories.

The trucking "bloodbath" of 2019 is ending on a remarkably sour note.

Celadon, a truckload carrier that grossed $1 billion as recently as 2015, will file for bankruptcy on Dec. 11 or earlier, inside sources told leading industry publication FreightWaves on Dec. 6.

See the rest of the story at Business Insider

NOW WATCH: Why Lamborghini's new hybrid is bad for the environment

See Also:

• Another 1,000 truck drivers lost their jobs in November, and it's a chilling sign for the economy
• A leaked Amazon document reveals the cities where the company is paying truck drivers up to 24% more during the holiday season
• The 10 nastiest cruise ships that have sailed in the US

from Feedburner https://ift.tt/2LBWtXf