Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
Transplus Bankruptcy: A Setback for Small Truckers
Over 60 small trucking companies face significant debt as Transplus Freight files for bankruptcy, highlighting the challenging dynamics within the logistics sector.
Mississippi-based firm, Transplus Freight System Inc., files for bankruptcy liquidation, leaving over 60 small trucking companies collectively in millions of dollars of debt. Citing assets of up to $50,000 and liabilities between $1 million and $10 million, Transplus has announced no funds will be available for unsecured creditors post-administrative fees. Amid a year of declining freight volumes and rates, this move starkly underlines the mounting challenges and uncertainties for trucking companies and freight brokerages.
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.
Special damages, also known as consequential damages, are extra costs not automatically covered by the carrier. They arise from the consequences of damaged or delayed freight. Here's what brokers and shippers need to know.
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