New Century Transportation Files for IPO

New Century Transportation Inc., a Westampton, N.J.-based motor carrier, has filed for a $120 million IPO. It plans to trade on the Nasdaq, with Wells Fargo Securities and Stifel Nicolaud Weisel serving as co-lead underwriters.

The company reports a net loss of $5.14 million for 2009, on $229 million in revenue.

Shareholders include Jefferies Capital Partners.