Layoffs and Bankruptcies
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COVID-19 threatens Hawaii’s sole interisland ocean transportation provider
Young Brothers will curtail service without rapid $25 million infusion of CARES Act funding from state regulators.
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Judge approves ENTREC’s cross-border bankruptcy plans
Canadian heavy equipment hauler secures Chapter 15 bankruptcy protection, clearing the way for the company to court buyers and investors for its trucking and crane…
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Commentary: Digital freight brokers face a moment of truth
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. News reports that…
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Getting crews on and off ships and airplanes
“Crew changes cannot be postponed indefinitely,” warned the world’s largest maritime and air transport organizations.
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Clarification on PPP forgiveness rules issued, as first recipients face payments’ exhaustion
Program was for eight weeks, starting in April, setting up an end to some protection
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Breaking: Car rental giant Hertz files for Chapter 11 bankruptcy protection
Car rental giant Hertz files for Chapter 11 bankruptcy protection after failing to reach an agreement with creditors; blames COVID-19 pandemic for economic freefall
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Commentary: Uber getting out of “Freight” would be bad for freight
Digital freight matching has pushed the industry to adapt.
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Steering US customs brokers, forwarders through COVID-19
NCBFAA President Janet Fields has knowledge and skills to lead industry through worst of times, former association President Amy Magnus says.
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Comcar dropped $25 million in 2019 before Chapter 11 filing
Unlike many other bankruptcies, this one looks like jobs are being kept
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El Al says it might not survive, seeks Israeli bailout
Israel’s flagship carrier El Al is struggling to hold on financially during the COVID-19 pandemic and is looking to the government for a lifeline.
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