Comcar bankruptcy

Comcar bankruptcy liquidation plan approved

A tractor-trailer a former Comcar Industries carrier MCT. It was sold in the Comcar bankcruptcy.

A federal judge approved plans to liquidate what little assets remain of bankrupt trucking company Comcar Industries: ostensibly real estate.

The Chapter 11 liquidation plan received approval on Wednesday in the U.S. Bankruptcy Court for the District of Delaware. The remaining assets will be sold through two trusts, with an expected recovery of $23.4 million, according to court filings. 

About $15 million will be available to creditors, according to liquidation analysis filed in the court in...

https://s29755.pcdn.co/news/comcar-bankruptcy-liquidation-plan-approved

TFI International acquires CCC Transportation from Comcar

A tractor-trailer of CCC Transportation drives on a road. TFI International has acquired CCC from Comcar Industries.

TFI International (NYSE:TFII) has acquired CCC Transportation in the Canadian trucking and logistics firm’s third purchase from bankrupt Comcar Industries. 

TFI announced the deal Wednesday, saying it paid $6.8 million for Florida-based CCC. Details of the acquisition emerged last week in court filings from Comcar’s Chapter 11 bankruptcy. 

Bulk carrier CCC marks TFI’s third acquisition from Comcar. It purchased CT Transportation and MCT Transportation earlier this summer.

CCC has a fleet of nearly...

https://www.freightwaves.com/news/tfi-international-acquires-ccc-transportation-from-comcar

The Daily Dash: GM, Nikola and fuel cells; why trucking’s AB5 exemption could be in jeopardy

Nikola Two hydrogen fuel cell truck

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, General Motors and Nikola Corp. strike a deal for fuel cells and production of Nikola’s Badger pickup. Plus, diesel engines have been a big winner from the fallout of the Volkswagen diesel emissions scandal, and trucking’s exemption from AB5 could be at risk.

GM, Nikola strike a deal

General Motors will supply fuel cells and advanced batteries for Nikola Corp.’s Class 7 and 8 trucks. GM will also...

https://s29755.pcdn.co/news/gm-and-nikola-strike-fuel-cell-deal-and-californias-ab5-back-in-court

Comcar’s final unit will be sold to TFI subsidiary, court documents show

TFI is on the verge of making another acquisition out of the corpse of the bankrupt Comcar, according to court documents filed  in connection with Comcar’s bankruptcy. 

After having bought flatbed operator CT Transportation  and truckload carrier MCT from Comcar in late June, the contentious sale of bulk carrier CCC Transportation brings to a close the breakup of the major assets of Comcar, with TFI buying three of the four major divisions of the company. 

TFI subsidiary Bulk Transport Co. East...

https://s29755.pcdn.co/news/comcars-final-unit-will-be-sold-to-tfi-subsidiary-court-documents-show

Comcar bankruptcy sale hits snag on trailer title dispute

CCC Transportation truck on road

Even as other units of bankrupt Comcar Industries Inc. have been sold off, the fight over the sale of assets to a group headed by the company’s former chairman continued to drag on in a round of court filings last week.

In a Thursday court filing, Commercial Warehousing Inc., a subsidiary of CWI Logistics (CWI), and former Comcar chairman Mark Bostick sought to clarify their offer for CWI’s proposed purchase of two of Comcar’s business units — bulk carrier CCC Transportation and CTTS Repair.

In...

https://s29755.pcdn.co/news/comcar-bankruptcy-sale-hits-snag-on-trailer-title-dispute

TFI scoops up flatbed carrier CT Transportation from bankrupt Comcar

A tractor-trailer of CT Transportation hauls a flatbed load. TFI International acquired nearly all of CT assets from Comcar.

TFI International (NYSE:TFII) formally announced that it has acquired nearly all of the assets of U.S. flatbed trucking company CT Transportation from bankruptcy Comcar industries. 

Canada-based TFI announced the acquisition late Monday, June 29. It came hours after announcing its asset acquisition of Comcar’s MCT Transportation.

TFI paid $15 million for CT after a frenzied auction during Comcar’s Chapter 11 bankruptcy proceedings in June. 

TFI made the acquisition through a U.S. subsidiary, Bulk...

https://www.freightwaves.com/news/tfi-scoops-up-flatbed-carrier-ct-transportation-from-bankrupt-comcar