New Century Transportation Shuts Down

Published: Jul 1, 2014

Photo credit: kenteegardin / Foter / Creative Commons Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)

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.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.