The decision to liquidate trucking giant Pride Group could have ripple effects across the trucking industry, an industry observer says.
A 92-year-old trucking company, Arnold Transportation Services of Grand Prairie, Texas, ceased operations recently and filed for Chapter 7 bankruptcy liquidation.
Pride Group filed for bankruptcy protection last week, citing capacity oversupply and underwhelming demand for trucks.
Canadian trucking firm Pride Group Logistics dramatically expands its U.S. presence with the acquisition of Texas truckload carrier Arnold Transportation Systems.
