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Matheson Trucking, a key Postal Service contractor, is closing down after six decades, citing contract losses and business changes.
The Closure
When: Operations to end on January 31
Impact: Nearly 3,500 workers laid off in the past five months
Matheson Trucking, along with its subsidiaries Matheson Flight Extenders (MFE) and Matheson Postal Services (MPS), is shutting down after 60 years. The decision follows substantial contract losses and alterations in business dynamics.
The Downfall
Bankruptcy: Filed for Chapter 11 in May 2022
Contract Disputes: Financial disagreements with the U.S. Postal Service
Founded in 1962, the family-owned business expanded significantly over the last five years. However, recent challenges forced it into Chapter 11 bankruptcy. Disputes with the Postal Service over operational issues at mail sorting facilities added to the strain, with MFE alleging it was not fully compensated for operational costs.
The Aftermath
Facility Closures: WARN notices issued for job cuts in various locations
Mediation Efforts: Ongoing since May, with unresolved contract disputes
The closure impacts several facilities across the U.S., with significant job losses. Despite efforts to mediate, ongoing issues with the Postal Service led to the termination or transfer of several contracts to competitors.
Postal contractor Matheson Trucking shuttering operations after 60 yearshttps://t.co/XU69ZYmEuJ Sad! I drove for Matheson in the early 90's, it was a good company, and I enjoyed the work. Only reason I left was to long haul. Sorry to see them go.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
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