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There was a huge sigh of relief as the court overseeing the bankruptcy proceedings of Celadon Group said it would allow the trucking firm’s fleet to pay $5.4m in owed compensation to its drivers ahead of finalising what the company owes its creditors. 

Celadon Group’s 9 December bankruptcy was the largest ever for the trucking sector, leaving more than 3,000 drivers jobless, and followed an estimated 800 carriers that have gone out of business so far this year, according Broughton Capital – more than double 2018 figures. 

A number of issues ...