New England Motor Freight, Inc. and its related entities have filed for Chapter 11 bankruptcy and plan to shut down operations.
The New Jersey-based company has a terminal in Lower Allen Township and three others in Pennsylvania.
Vincent Colistra, the company’s chief restructuring officer, said NEMF worked hard to explore other options.
“Following two years of losses, and with continuing and unsustainable rises in overhead as well as a severe industry shortage of drivers, we have concluded that the Company has no choice but to proceed with an orderly wind-down of operations in a Chapter 11 proceeding,” Colistra said in a statement.
The family-owned company was founded in 1977 and has 40 terminals throughout the Northeast, Midwest and Puerto Rico, according to its website.