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TRUCKING INDUSTRY CRISIS * USA - Farmington trucking company to close; 100 to lose jobs
Rochester,NY,USA -The Rochester Democrat and Chronicle, by James Goodman -August 29, 2008: -- When Ed Fosdick, vice president of operations for Priority Transportation in Farmington, began to explain why the company with 100 employees is going out of business, he cited the names of several other trucking companies that have also closed down... In addition to the 100 workers who are losing their jobs at Priority's office on Collett Road in the Ontario County community, another 100 employees in Chesterton, Ind., will also lose their jobs, along with about 500 truck drivers... Priority Transportation has run the business in Farmington since 2002... (Photo: When Ed Fosdick, vice president of operations for Priority Transportation in Farmington, began to explain why the company with 100 employees is going out of business, he cited the names of several other trucking companies that have also closed down)* Celadon to assist Priority with loads
USA -FleetOwner -Aug 27, 2008: -- Citing rising operating costs, Priority Transportation has reached agreement with Celadon Group for Celadon to cover customer loads and assist in the collection of tractors and trailers as well as accounts receivables. Celadon will not purchase any assets under the deal, Celadon said... A Celadon subsidiary signed what the company called a “receivables collection and equipment marshalling agreement” with Priority Transportation, a subsidiary of Priority America. Under terms of the agreement, Celadon has agreed to use “reasonable efforts” to cover certain loads and assist in the retrieval of equipment and collections...
Labels: trucking industry crisis
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