WebFeb 11, 2024 · In a financial development that shocked the trucking industry, 101-year-old New England Motor Freight and 10 related subsidiaries (including truckload giant Eastern Freightways) voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark on February 11. WebFreight carrier bankruptcies make 3PLs more important to shippers than ever. In 2024, New England Motor Freight (NEMF) generated $402 million in revenue. On February 12, …
Freight Audit, Billing and Payments: A Guide — RateLinx
WebAug 18, 2014 · According to its bankruptcy filing, Drug Transport/DTI Logistics has about $1 million to $10 million in assets and up to $50 million in liabilities. Unlike New Century, … WebMar 24, 2024 · Leading TMS solutions already support spot tenders out to digital freight brokerages like UBER Freight. But now, autonomous trucking firms will also be providers of freight market services. swan road gulfport ms
Freight payment provider files for bankruptcy - FreightWaves
WebJohn Paul Hampstead. · Friday, December 06, 2024. Celadon Group ( OTC: CGIP) will file for bankruptcy protection under Chapter 11 no later than Wednesday, Dec. 11, according to internal sources. The Indianapolis-based, publicly traded trucking carrier employed more than 3,200 drivers and took in more than $1 billion in gross revenue as ... WebLegal Name Freight Solution Providers Inc. Company Type For Profit. Contact Email [email protected]. Phone Number +1 800 562 9915. Freight Solution Providers are … WebJul 2, 2024 · July 2, 2024 5:38 pm ET. Text. A Belgian freight-payment services company is buying the assets of bankrupt U.S. rival IPS Worldwide LLC for $2.3 million. Europe … swan river yoga canal street