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New England Motor Freight, Inc. (NEMF) was a unionized less-than-truckload (LTL) and truckload freight carrier, based in Elizabeth, New Jersey. It was one of the largest LTL carriers in the US Northeast when it entered Chapter 11 bankruptcy in 2019 and subsequently shut down all operations in 2020.
The company also launched the Estes SureMove division, an alternative to full-service household moving. In 2019, Estes acquired South Brunswick, New Jersey–based truckload carrier Eastern Freight Ways and third-party logistics (3PL) provider Carrier Industries, the two most profitable affiliates of bankrupt New England Motor Freight (NEMF).
FFE also happens to be the only temperature controlled transportation services company in the United States that offers LTL services throughout the continental United States. FFE has terminals located throughout the United States in Texas, Georgia , Illinois , Florida , Oregon , Texas , Missouri , California , Utah , Colorado , New Jersey ...
In 1935, congress passed the Motor Carrier Act, which replaced the code of competition and authorized the Interstate Commerce Commission (ICC) to regulate the trucking industry. [7] In September 1938, a truckers strike began in New York City and shut down the city for weeks, demanding lower hours, as one of the biggest strikes that year. [8]
At the same time PepsiCo was also negotiating sale of Lee Way Motor Freight, as a further move in its divestment of its transportation division. [6] On May 23, 1984, Moving Credit Inc. merged into NAVL. [c] Over the subsequent two years NAVL was merged with the railroad in a deal that had been initially approved by the Interstate Commerce ...
The new company focused on next-day interstate express LTL freight shipments between Pittsburgh and Ohio. It leased its first warehouse in East Liverpool, Ohio in 1979 and by 1983, had opened terminals in Cleveland, Baltimore, Norristown, Pennsylvania, and Charleston, West Virginia. [4]
In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. [5] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska.
Swift Transportation became public again on December 16, 2010, trading on the New York Stock Exchange (NYSE). [19] The company offered 73,300,000 shares at $11.00 per share, raising almost $766 million, with the proceeds used for debt reduction. The offering represented 54.9% of the company, valuing the company at $1.86 billion.