<p>VANCOUVER, Washington (CNN) -- Consolidated Freightways, the nation's third-largest long-haul trucking company, plans to file for Chapter 11 bankruptcy Tuesday, its chief executive announced in a recorded message to the company's 20,000 employees Monday.</p>
<p>"All U.S. terminals will not be open tomorrow morning and you should not report, since your employment ends immediately," said CEO John Brincko in a 6.5-minute message. "I am sorry for this action but we have no other choice due to a lack of financial resources."</p>