New England Motor Freight files for bankruptcy
The New Jersey-based less-than-truckload carrier plans for an “orderly wind-down of its operations.”
The New Jersey-based less-than-truckload carrier plans for an “orderly wind-down of its operations.”
Carrier succumbs to the harsh realities of present-day trucking.
Carrier succumbs to the harsh realities of present-day trucking.
IPS Worldwide’s bankruptcy filing leaves many shippers seeking to get their money back, in some cases in excess of tens of millions of dollars.
Analysis shows that the ongoing shutdown is impacting trade functions across the federal government.
The National Customs Brokers and Forwarders Association of America warned closing the U.S.-Mexico border would cause an “economic disaster.”
GM is cutting an estimated 15% of its workforce.
The move amounts to 14,700 factory and white-collar workers in North America. Five plants are up for possible closure.
The Chapter 11 petition comes just days after the Greek company announced an audit committee had found the misappropriation of more than $300 million.
Sears was also a pioneer in all things omnichannel and what we now call last mile. Why did they fail to innovate this time around?
Sears Holdings, once the nation’s largest retailer, now appears to be headed for bankruptcy, according to the Wall Street Journal. The company has struggled to adjust as e-commerce has gained share in the retail space, and has begun to hire bankruptcy advisers to prepare for filing as soon as next week.
The closing of Toys ‘R’ Us is the latest sign of e-commerce’s dominance, and the absence of specialty stores may accelerate the move to online channels