MONTGOMERY – New England Motor Freight has filed for Chapter 11 bankruptcy protection and is laying off 518 employees, including 98 who work out of its terminal in Montgomery.The trucking company said in a news release that the voluntary filing in U.S. Bankruptcy Court last month was recommended by its advisers as the best way to maximize its assets for the benefit of employees and creditors."NEMF intends to use these proceedings to facilitate an orderly wind-down [...]