Major logistics and trucking company files Chapter 11 bankruptcy

The logistics and trucking trade has faced economic challenges over the final two years which were is named the Great Freight recession.

Financial difficulty amongst corporations within the trade has been the final result of a bad economic system; decline in anticipate; low freight rates; rising charges of labor, gasoline, and insurance driven by inflation; and fallout from the Covid-19 pandemic, which created a glut of trucks and drivers within the U.S.