Dive Summary:
- TransLoad America, a waste management company based in New Jersey, has filed for bankruptcy protection. The company has assets between $1-$10 million and listed debts between $500,000 and $1 million.
- TransLoad primarily involves encapsulating waste in cylinder containers and shipping it to landfills via rail.
- The company's bankruptcy proceeding has forced the closing of the Central Waste, New Jersey landfill - which has raised concerns over the safety of the facility.
- See more coverage of the impacts on TransLoad's bankrupcty at CantonRep.com
From the article:
TransLoad America, a South Orange-based waste management company that uses rail lines to ship garbage and debris from Newark and other sites to landfills around the country, has filed for bankruptcy.
