FreightWaves Haul of Fame: NEMF’s 2019 bankruptcy shocked LTL sector

Without warning, New England Motor Freight (NEMF) and 10 related entities filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Newark, New Jersey, on February 11, 2019. The company announced that it would commence an “orderly wind-down” of the business. The filing cited rising operating costs, a shortage of drivers and financial difficulties in the bankruptcy decision. The company officially closed its doors one year later.

Origins

New England Motor Freight’s origins can be...

https://www.freightwaves.com/news/freightwaves-haul-of-fame-nemfs-2019-bankruptcy-shocked-ltl-market

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