By Barry Parker (gCaptain) – Just about a year ago, the process of selling off assets from tug and barge owner Bouchard, which had declared bankruptcy one year before that,…
https://gcaptain.com/one-year-after-bouchard-asset-sale-moving-towards-clean-and-green/
Seattle-headquartered Centerline Logistics has announced the acquisition of multiple petroleum Articulated Tug and Barge units (ATBs) previously owned by New York-based Bouchard Transportation. Included in the acquisition is a 2016-built…
Usually, when a company announces that it is re-organizing under “Chapter 11”, the idea is that the company will re-organize its balance sheet (usually, with debt holders gaining ownership of…
A bankruptcy judge has approved the proposed sales of assets belonging to petroleum tug and barge Bouchard Transportation, although discussions are continuing for additional restructuring options. U.S. bankruptcy Judge David…
New York-based barge operator Bouchard Transportation may close its facilities and lay off as many 108 workers if it is unable to find a buyer for the company or its…
Bouchard Transportation Co., an independently owned barge and tugboat company, is seeking a buyer to avert closing its facility in Melville, New York.
According to a notice filed with the New York Department of Labor Thursday, the company is “currently in the process of seeking a purchaser of Bouchard or its assets which may also elect to continue the employment of all or a substantial number of employees.”
Bouchard said if no buyers come forward, it “may need to engage in employee layoffs...
https://www.freightwaves.com/news/bouchard-transportation-seeks-buyer-to-avoid-108-layoffs
New York-based Bouchard Transportation and three former and current company officials have paid $375,000 in restitution to a whistleblower who the company fired after cooperating with a federal investigation into…
A U.S. bankruptcy judge has ordered Morton S. Bouchard III, the long-time CEO of New York-based Bouchard Transportation, to be immediately removed from his position as chief executive officer. The…
Melville, New York-based shipping company Bouchard Transportation has announced that it and certain of its subsidiaries have filed voluntary petitions to restructure under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. The...
New York-based Bouchard Transportation Company says it has now processed all back pay to employees, customers and vendors as the company continues to work on raising additional capital. Bouchard last week announced that it had received financing to start paying its tug and barge crew members who...