Lessons from the NEMF Bankruptcy
NEMF Bankruptcy New England Motor Freight (NEMF), based in Elizabeth, New Jersey, and headed by Myron Shevell, has been in the trucking business since 1918. One of the top less-than-truckload carriers in the nation (#67 on the CCJ Top 250 List), NEMF was purchased by Mr. Shevell in 1977. On February 11, NEMF shocked the […]