Monthly Archives: February 2024

A Texas trucking logistics company filed bankruptcy in January listing up to $500 million in debt and only $500,000 in assets. The news followed that a California company with up to $10 million in assets also filed for bankruptcy. The … Continue reading →

Between January and April of 2023, more than 31,000 fleets quit the business. Of those, 24,806 were one-truck owner-operator trucking companies. While the market soared not too long ago, spot rates are down almost 70 cents per mile in certain … Continue reading →

Already in 2024, a Fort Worth transportation and logistics provider announced plans to shut down a distribution center and lay off more than 150 workers. A Tennessee logistics provider announced it was closing and laying off more than 50 workers. … Continue reading →