Trucking and logistics companies are seeing a massive downturn. FreightWaves has reported on the biggest shutdowns and layoffs since 2022. The post Layoffs and bankruptcies pile up in logistics amid shocking downturn appeared first on FreightWaves.
Convoy s brokerage promised to "disrupt" trucking and make it more efficient. Now, small carriers are left wondering if they ll ever get paid after the digital broker s stunning failure.
Convoy s brokerage promised to "disrupt" trucking and make it more efficient. Now, small carriers are left wondering if they ll ever get paid after the digital broker s stunning failure.
The broker filed for Chapter 7 bankruptcy, leaving 60 or so carriers unpaid. While there s some sign of relief for those owed, here find ways to pursue payment from brokers that go under.