Here’s a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
OTR Solutions launches OTR365 Ecosystem and OTRintelligence, combining AI-powered automation with 24/7 instant funding to transform freight factoring for carriers and brokers.
Sunset Logistics, a large carrier in Grand Rapids, Michigan, ceased operations unexpectedly in October 2023, leaving employees without pay and drivers stranded. Financial strife had been building since March, with the owner injecting personal funds to keep the wheels turning.
The company auctioned off assets. Bidding opened on Tuesday, December 12 , and concluded at 6:00 pm on Wednesday, December 13.
Auction Update:
Assets Sold: The auction, which ended on December 13, featured over 45 late-model trailers and a semi truck among other equipment.
Debt Settlement: The proceeds are going towards settling the company's debts, with the auction facilitated by Orbitbid in collaboration with a secured creditor.
Final bid for a 53' dry van semi-trailer with advanced features closed at $23,525 USD. Image Source: OrbitBid
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
CtrlChain carriers cut admin time by 95%, process paperwork 80% faster, and get paid 4x quicker. See what’s new in 2024—and what’s coming next in 2025!
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