Seven Carriers File Bankruptcy in One Week Despite Freight Volumes Up 43%
Sparhawk Trucking warns 146 drivers of closure. HelloFresh, GEODIS, FedEx cut 600-plus logistics jobs as small fleets fold under margin pressure.
Carrier Business
Carrier bankruptcies, mergers, acquisitions, layoffs, earnings, expansion, and insurance market shifts.
RPS Turned FedEx Ground Into a Parcel Giant, Then Paid for LTL
The 1998 Caliber deal brought RPS and unwanted Viking Freight. Now FedEx spins off the LTL network RPS forced it to buy.
Towing Bills Are Draining Small Fleets $50 a Day Over State Caps
80% of carriers paid inflated recovery fees. Most never checked state rate ceilings or audited the invoice.
Diesel Tech Retention Hinges on Respect and Tools, Not Just Pay
Survey data shows fleets falling short on workplace basics that keep mechanics from walking, even when wages are competitive.
Prime Inc. Opens $7.9M Used-Truck Dealership Built for Owner-Operators
The Springfield flagship adds 107 display spaces and driver-centered amenities to Prime's Pedigree dealership network.
C.R. England Holds No. 1 Reefer Spot as K.L. Breeden Cracks Top 10
FleetOwner 500 reefer rankings hold steady at the top, but K.L. Breeden & Sons climbs to No. 6 and National Carriers enters at No. 10.
C.H. Robinson Cuts Carriers Over Safety Scores After Supreme Court Ruling
The broker is pulling load access from carriers above FMCSA intervention thresholds. The timing lines up with a May Supreme Court decision that may have…
Yellow Corp. Workers May Get Paid by July After 3-Year Wait
Bankruptcy court approved liquidation plan in November. Employee claims classified as priority. Transition to liquidating trust expected June or July, but…
Averitt, Port Operators Bet on Long-Term Freight Growth with Terminal Expansions
Cookeville carrier building 50,000-square-foot Louisville campus, Charlotte facility near airport. Warehousing and port projects follow as carriers position…
20+ Trucking Firms Filed Bankruptcy in May as Soft Rates Persist
Chapter 7 liquidations outnumber restructurings. A 92-year-old Georgia carrier with 302 trucks shut down. Oklahoma oilfield hauler lists $10M to $50M in…
AGX Freight Sues Bank, R&R CEO Over Frozen $85M Credit Line
Jacksonville broker says Huntington National Bank and R&R Family of Cos. cut off working capital and left carriers unpaid as Pittsburgh logistics group…
Shops Running 19% Short on Techs, $8,000 Per Trainee to Fill Gap
ATRI: 65.5% of shops understaffed, 62% of new hires arrive with zero formal training. Each empty bay costs $300 a day in downtime.