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