Bankruptcies/Closures

Pride Group Collapse: How Pride's Fall Could Impact Freight Industry
Canadian trucking giant Pride Group's closure could affect freight rates and driver market: $637M in debt, rejected rescue plan, and potential industry impact.

NJ Trucking Firm Fastline Cargo Files Chapter 11
Fastline Cargo, cited for safety violations, files Chapter 11. Company seeks to reorganize, pay employees, and secure post-petition financing.

Logistics Company Shuts Down Overnight, Stranding 1,200 Workers
Texas-based U.S. Logistics Solutions, owned by Ten Oaks Group, abruptly ceased operations, leaving employees jobless and freight abandoned across the country.