Layoffs and Bankruptcies
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Texas fracking servicer files for Chapter 11 bankruptcy
FTS International lists $517.2 million in assets and $535.3 million in debts.
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Bankrupt LATAM gets financial lifeline
Court-approved access to $2.45 billion is expected to help the South American carrier weather the pandemic.
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TFI acquires CCC Transportation from Comcar
Canadian trucking and logistics firm TFI International buys U.S. bulk carrier CCC Transportation, its third acquisition from bankrupt Comcar Industries.
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Comcar’s final unit will be sold to TFI subsidiary, court documents show
Contentious deal with former CEO is settled, allowing the sale of CCC
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3PLs prepare to catch Damco shippers jumping ship
A.P. Moller-Maersk’s recent announcement that Damco will no longer exist as a separate brand is expected to drive some shippers into the arms of others.
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Carriers owed hundreds of thousands after oil and gas company bankruptcy filing
Bainbridge Uinta, an oil and gas exploration and production company headquartered in Dallas, filed for Chapter 11 bankruptcy in Fort Worth, Texas, on Tuesday.
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Reports of APL’s Kenosha warehouse demise are greatly exaggerated
WARN notice to state leads to confusion about facility’s fate; new owner will operate facility
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Pandemic spurs more freight-related job cuts
In response to the COVID-19 pandemic, two freight-related companies in Texas are eliminating 382 jobs.
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FreightWaves Carrier Summit: Helping truckers exit dwell hell (with video)
FreightWaves’ Kevin Hill interviews co-founders of Baton about their technology plans to eliminate long-haul truck driver dwell times.
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British Airways starts sunsetting 747 fleet
The first of 31 giants of the sky in British Airways’ fleet says goodbye.
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