A pair of Canadian trucking companies in the Toronto area, Orbit Freight and Delta Carriers, shut down in close succession before their owner filed for personal bankruptcy.
Profitability is the key to any business staying in business. In trucking it is harder than in many other businesses. Chris Henry explores the “trucking profitability paradox.”
Ex-chief financial officer of Hyndman Transport accuses Celadon in affidavit of depleting funds generated by profitable core business in Canada and hurting former drivers’ and others employees’ ability to claim more than C$2 million in unpaid compensation.
Celadon Group can’t sell off facilities without Canadian court’s OK, judge says as he prepares to place shuttered trucking company in receivership; ruling a victory for former employees, setback for U.S. creditors.
Seth Holm of FreightWaves Freight Intel Group writes about the impact of nuclear verdicts on the trucking industry. Will 2020 be a tipping point for these huge awards?
A number of readers responded to Brian Aoaeh’s 12/26/19 “Commentary: Trucking industry observations heading into 2020.” His current commentary features some of those responses and information from Anthony Campo, a trucking industry veteran.
Prospective buyers can bid on defunct Canadian firm’s trucks, trailers and a contract to haul cement to a diamond mine.
Trucking companies cite a weak freight market and soaring insurance and equipment costs as reasons some fleets did not survive the economic downturn in 2019.
FreightWaves founder and CEO Craig Fuller writes about the issues the trucking industry dealt with in 2019 and what is ahead in 2020.
Ben Thrower writes about what most in the trucking industry know – 2019 was a tough year for almost everyone.
Ministry’s probe into terminations at Hyndman Transport following shutdown could lead to hefty payouts for former drivers and other staff.
Tli Cho Landtran Transport and affiliates will be closed and possibly sold after losing C$18 million in the past year and facing mounting debt reaching C$60 million.
2019 has been more challenging for trucking companies than any other non-recession year. Here is why.
2019’s unfavorable operating environment claims another truckload carrier.
Small fleets need to fully understand their financial situation, improve awareness of technology and have set processes in place to fluidly scale up the business.
