While the shockwaves stemming from regional less-than-truckload New England Motor Freight announcing this week it voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark on February 11 are still intact, documentation surfacing in recent days helps to tell the story of what led the fabled 101-year Elizabeth, N.J.-based carrier to make this decision.
Source: logistics Mgmt
Chapter 11 filing and employee letter shed more light on NEMF’s bankruptcy development
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