The Elizabeth, N.J.-based company operated nearly 2,000 power units and employed more than 1,700 drivers. NEMF says it posted losses the last two years, despite bringing in half a billion in revenue, according to data in the CCJ Top 250. The Wall Street Journal reported Tuesday that the company owes tens of millions of dollars to creditors and was weighed down by union pension funds. 

The post Top 250 carrier New England Motor Freight to shutter operations, file for bankruptcy appeared first on Modern Logistics Marketing.

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ABOUT THE AUTHOR

Blythe Brumleve
Blythe Brumleve
I've spent more than a decade in print, digital, and broadcasting. Now I help other companies build their online presence by generating leads, gathering insight and growing revenue.

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