Major auto shipping company shuts down, no bankruptcy yet
The auto-hauling company closed down operations after major car manufacturers terminated business relationships.
The damage resulted in by the Great Freight Recession has been large over the final three years, characterised by 88,000 trucking companies and 8,000 freight brokerage companies going out of enterprise in 2023, in line with records from Freight Caviar.
The industry damage continued into 2024, as the trucking sector had a accumulate loss of about 10,000 carriers within the principle half of of 2024, TruckInfo.accumulate reported.
What's Your Reaction?
