• Celadon will buy BMC assets

    Truckload conglomerate Celadon Group is buying certain assets from bankrupt Burlington Motor Carriers (BMC), which filed for Chapter 11 protection in July of last year. Celadon wants to buy tractors and trailers, customer contracts and lists, office equipment and other items from Foothill Corporation, a secured lender to Daleville, IN-based BMC. However, Celadon must await bankruptcy court approval
    March 13, 2002
    Truckload conglomerate Celadon Group is buying certain assets from bankrupt Burlington Motor Carriers (BMC), which filed for Chapter 11 protection in July of last year.

    Celadon wants to buy tractors and trailers, customer contracts and lists, office equipment and other items from Foothill Corporation, a secured lender to Daleville, IN-based BMC. However, Celadon must await bankruptcy court approval for the sale.

    Should the purchase go forward, Indianapolis-based Celadon added that it plans to offer positions to certain administrative, maintenance and driving employees of BMC, related to the amount of business that Celadon ultimately acquires.

    Celadon operates a fleet of more than 2,600 tractors and 7,000 trailers.

    About the Author

    Sean Kilcarr

    Editor in Chief

    Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.

     

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from News

    4126654 | Phartisan | Dreamstime.com
    driver retention
    Turnover and its causes are expenses we like to ignore or accept as the cost of running a trucking company. In a market like today’s, investing in retention doesn’t mean spending...
    262563459 | Vitpho | Dreamstime.com
    Combat cargo theft: Strategies to protect your fleet in 2025
    Cargo theft is rising in the U.S., fueled by advanced tactics and international rings. Understanding trends and strategies is essential for fleets to safeguard their assets.
    81443784 | Vitpho | Dreamstime.com
    trucking efficiency
    When you couple a truck spec’d properly for its duty cycle with technologies that improve efficiency and a driver who is hyper-focused on fuel efficiency, you’ll have a winning...