Top 100

About Top 100 News...
Government, Business, Top 100

Bankruptcy Judge OKs Plan to Keep Celadon’s Taylor Express Operating

Celadon Group has been authorized by a bankruptcy court to spend $1.2 million before Jan. 3, 2020, to maintain operations for Hope Mills, N.C.-based Taylor Express Inc. — the last of its operating units that is still in business — while it pursues a sale of the company.

Dan Ronan | Senior Reporter
December 16, 2019
Business, Logistics, Top 100

Amazon Cuts Off FedEx Ground for Prime Shipments This Holiday

Amazon.com says FedEx Corp.’s delivery performance is slipping and will no longer let third-party merchants use the company’s ground delivery network for quick Prime shipments through the holidays.

Spencer Soper | Bloomberg News
December 16, 2019
Business, Technology, Top 100

Mesilla Valley Transportation to Use VeloCare for Technology Deployment

Mesilla Valley Transportation will begin using VeloCare, a technology-monitoring and repair service by Velociti Inc.

December 16, 2019
Business, Logistics, Top 100

Forward Air to Acquire Linn Star for $57.2 Million

Forward Air Corp. will acquire Linn Star Holdings Inc., Linn Star Transfer Inc. and Linn Star Logistics, a privately held final-mile provider, for $57.2 million, according to a Forward Air news release Dec. 12.

Jim Stinson | Staff Reporter
December 16, 2019
Business, Logistics, Top 50, Top 100, TCA

XPO to Close Missouri Logistics Facility, Wiping Out 166 Jobs

HAZELWOOD, Mo. — A logistics facility will close here, eliminating 166 jobs, according to a notice filed with the state.

Annika Merrilees | St. Louis Post-Dispatch
December 13, 2019
Government, Business, Breaking News, Top 100

Celadon Files for Bankruptcy, Shuts Down

Celadon Group Inc. is filing for bankruptcy and shutting down immediately amid falling freight rates and the effects of penalties levied by the U.S. Department of Justice for settlement of securities fraud charges brought against prior management.

Dan Ronan | Senior Reporter
December 9, 2019
Government, Business, Top 100

Two Former Celadon Executives Charged in Fraud Scheme

The Securities and Exchange Commission and federal prosecutors on Dec. 5 charged two former top executives of Indianapolis-based trucking company Celadon Group Inc. for their participation in an accounting fraud in 2016 and 2017 that allegedly inflated the company’s income and earnings per share.

Eric Miller | Senior Reporter
December 5, 2019
Business, Top 100

Class 8 Orders Slump for Weakest November Since 2015

Preliminary North American Class 8 net orders for November passed 17,000 and hit the second-highest point reached this year, but analysts at two data-tracking firms said it did nothing to alter the slumping direction of the overall trend.

Roger Gilroy | Senior Reporter
December 5, 2019
Business, Technology, Logistics, Top 50, Top 100

Schneider Launches Load-Booking Tool for Third Parties

Schneider launched an automated tool that enables third-party carriers to instantly book loads with the click of a button, the carrier said in a Nov. 26 news release.

November 27, 2019
Business, Logistics, Top 100

Shippers, Carriers Shift Into High Gear for Cyber Monday

The holiday shopping season is here, and the big e-commerce day is expected to make shippers busy.

Jim Stinson | Staff Reporter
November 26, 2019