New Century Transportation Shuts Down
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The trucking company New Century Transportation has filed for bankruptcy, making their near-future shut down official.
New Century Transportation is based in New Jersey and it was the 45th largest truckload carrier in the US and Canada by revenue in 2013, according to Transport Topics. Last Year they were said to have had $127 million in business. However, it is precisely a financial crisis that is forcing the carrier to plan a shut down today.
Employees have already been informed about the bankruptcy filing.
Read more about New Century at Truckinginfo.com.