Historic shipping company closes down in Chapter 7 bankruptcy
A 92-year-old trucking company has permanently shut down and filed for Chapter 7 liquidation.
Source: wenatcheeworld.com
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A 92-year-old trucking company has permanently shut down and filed for Chapter 7 liquidation.
The Detroit-based subsidiaries will close permanently and 677 employees will be laid off.
While demand for trucking has increased, so have costs and competition, which have forced a number of players to close.
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