In the latest episode of "The Freight Caviar Podcast", we sit down with Clark Wellman, National Sales Director at AmeriPol Staffing. He talks about the origin of the company, its road to success, and his favorite books and podcasts.
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New data reveals freight brokerages averaging $1,267,516 gross revenue per employee. Brush Pass Research offers detailed intel for prospecting.
Ray's Transport files Chapter 11 after $1.2M Stellantis judgment. Continues operations as route broker.
Ray's Transport Inc., a Macomb County trucking company, has filed for Chapter 11 bankruptcy following a legal battle with Stellantis NV.
Ray's Transport leased space from Stellantis since 2011. The automaker sued in 2021, claiming:
Ray's Transport continues operations as a route broker. They bid out routes to independent contractors, working on an as-needed basis without long-term contracts.
"Authorizing the debtor's continued use of cash collateral is in the best interests of creditors," the company stated, emphasizing the higher value of an operating business versus liquidation.
Source: Crains Detroit
Surge Transportation emerges from bankruptcy with a successful reorganization, setting new industry precedents.
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Indiana trucking company APL Cargo pursues post-bankruptcy financing deal with factoring company WEX Bank, while battling multiple lawsuits and owing $2.3M in secured debt.
APL Cargo bankruptcy adds to the list of trucking company hits in recent years. Read about the industry struggles and major closures from the past five years.
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