A California trucking company, which provided earthwork, excavation, and demolition services, along with its affiliated company, recently filed for bankruptcy protection, citing cashflow issues after defaulting on its factoring agreement.
A publicly traded coffee wholesaler has filed a lawsuit against a Texas-based logistics company nearly a year after a load of coffee, valued at almost $84,500, went missing.
Decker Truck Line Inc. of Fort Dodge, Iowa, has permanently closed its terminal in Missoula, Montana, citing findings from a review of its operations and freight network as the main reason for the closure.
A family-owned Wyoming trucking company has agreed to pay $124,000 to settle a federal lawsuit stemming from allegations that the company’s owner had sexually harassed two female truck drivers over several years.
A New Hampshire man, who claimed he owned trucking and agriculture businesses, admitted that he conspired with others to fraudulently obtain nearly $320,000 in funds through two COVID-19 pandemic programs.
A St. Louis trucking company and its equipment leasing affiliate recently filed for Chapter 11 bankruptcy, citing the “challenges of the freight market” as one of the main reasons they are seeking to reorganize.
2024 was another brutal year for trucking companies and freight brokerages. Thousands of firms called it quits, sought bankruptcy protection or both. Fraud-related stories also dominated the headlines. FreightWaves looks back at some of the year’s key stories.
RBX Inc. and its affiliate, Humper Equipment, of Strafford, Missouri, filed suit against Paccar Financial Inc. of Bellevue, Washington. They are asking a Missouri bankruptcy judge to force Paccar to turn over 28 Kenworth and Peterbilt tractors it repossessed in late November amid an ongoing engine performance dispute with the global commercial truck financing company and its subsidiary, Paccar Engine Co.
A family-owned Missouri trucking company with 265 trucks and 255 drivers recently filed for Chapter 11 bankruptcy protection.
An online auction was underway Tuesday to sell some of the assets of intrastate trucking company D.A.F.S. Transport of Monahans, Texas, which operates primarily in the Permian Basin in West Texas.
A West Virginia-based trucking company, which hauls coal, logs and wood chips, recently filed for bankruptcy.
The manager of a New York-based freight forwarding company is facing criminal charges alleging she violated federal export controls by illegally shipping oil and gas products to Russia.
Sankalp Arora, co-founder and CEO of Gather AI, and FreightWaves’ Grace Sharkey discussed during FreightWaves’ Domestic Supply Chain Summit the use of AI technology and drones to automate inventory monitoring and asset tracking in warehousing to improve efficiency and reduce human error.
A California man was sentenced to two years and nine months in federal prison for embezzling nearly $1.6 million from the Fresno-based trucking company where he worked for 15 years.
A former NFL player and his business partner, who were co-owners of a construction business and trucking company, and their bookkeeper face fraud charges after prosecutors claim they engaged in a scheme to obtain $1.4 million through the Paycheck Protection Program.
Nearly 100 truck drivers for Stagecoach Cartage and Distribution of El Paso, Texas, were notified earlier this week that its over-the-road division was being absorbed by its parent company, which also owns Mesilla Valley Transportation (MVT) of Las Cruces, New Mexico.
A co-owner of a Massachusetts trucking company was sentenced to two months in prison after admitting that he falsified driving logs and lied to investigators in connection with a fatal collision involving the driver of one of the carrier’s trucks.
The owner of a Florida trucking and logistics company has been convicted for his role in a three-year truck investment Ponzi scheme that bilked investors out of $112 million.
Trucking industry experts weighed in during a debate at FreightWaves’ F3: Future of Freight Festival on whether there is a driver shortage or a driver retention problem.
After a pullback in lending from private equity- and VC-backed firms investing in supply chain tech after the COVID pandemic, Benjamin Gordon, founder and managing partner of Cambridge Capital, says there’s been a resurgence in strategic M&A.