Burlington Motor Carriers is headquartered in Daleville, IN, and operates in 48 states, Mexico, and Canada. Once part of transportation giant Burlington Northern Inc. (parent company of the Burlington Northern Railroad), Burlington Motor Carriers has gone through a complicated series of ownership changes and corporate restructuring, including a previous Chap. 11 in 1995.
Originally known as Burlington Northern Motor Carriers, the company was formed through the acquisition of five trucking firms. In 1988, the five subsidiaries were bought by the subsidiaries' management and a group of New York banking firms and renamed Burlington Motor Carriers.
Subject ID: 93690
MoreBurlington Motor Carriers is headquartered in Daleville, IN, and operates in 48 states, Mexico, and Canada. Once part of transportation giant Burlington Northern Inc. (parent company of the Burlington Northern Railroad), Burlington Motor Carriers has gone through a complicated series of ownership changes and corporate restructuring, including a previous Chap. 11 in 1995.
Originally known as Burlington Northern Motor Carriers, the company was formed through the acquisition of five trucking firms. In 1988, the five subsidiaries were bought by the subsidiaries' management and a group of New York banking firms and renamed Burlington Motor Carriers.
In December of 1995, Burlington made headlines with bankruptcy proceedings. The bankruptcy resulted in a bidding war over the company. In a surprise last-minute bid, Thomas Grojean and a group of investors outmaneuvered the Celadon Group, Indianapolis, for the assets of the bankrupt Burlington Motor Holdings.
Subject ID: 93690
Subject ID: 93690