Trump is causing corporate debt to increase?
Yes. trumps failed tariffs, and yet the latest victim.
Celadon, biggest bankruptcy in truckload history expected by mid-week (with video) - FreightWaves
More recent numbers are difficult to come by because Celadon had to restate its financial reporting after mismanagement and a complex accounting scandal that ultimately resulted in former executives being indicted on securities fraud charges yesterday, December 5.
A short seller’s report that was published on the stock research and commentary site Seeking Alpha on April 5, 2017, “Celadon Group: A Story That Ends At Chapter 11,” crashed the stock. The report outlined the accounting shenanigans that Meek and Peavler had been responsible for. A month later, the company’s auditor, BKD, pulled out of the company.
Hmmmm…..looks like their fraud was the issue, not Trump.
Hmmmm......Corporate America isn't honest? Really? Celadon's freight is tied to imports thus restricting the income of the company.
Your claim that tariffs caused the bankruptcy was definitely dishonest.
As I've point out, Celadon's freight was tied to imports. As imports have weakened, so did their freight.
As imports have weakened, so did their freight.
How much have imports weakened? Link?