Layoffs And Bankruptcies Pile Up In Logistics Amid Shocking Downturn
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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Layoffs and bankruptcies pile up in logistics amid shocking downturn
Trucking and logistics companies are seeing a massive downturn. FreightWaves has reported on the biggest shutdowns and layoffs since 2022. The post Layoffs and bankruptcies pile up in logistics amid shocking downturn appeared first on FreightWaves.
Source: yahoo.com
Convoy's collapse: Was the tech worth the hype?
Convoy's brokerage promised to "disrupt" trucking and make it more efficient. Now, small carriers are left wondering if they'll ever get paid after the digital broker's stunning failure.
Source: overdriveonline.com
Convoy's collapse: Was the tech worth the hype?
Convoy's brokerage promised to "disrupt" trucking and make it more efficient. Now, small carriers are left wondering if they'll ever get paid after the digital broker's stunning failure.
Source: ccjdigital.com
Mississippi's Transplus Freight System brokerage goes bankrupt
The broker filed for Chapter 7 bankruptcy, leaving 60 or so carriers unpaid. While there's some sign of relief for those owed, here find ways to pursue payment from brokers that go under.
Source: overdriveonline.com