🎣 Understanding the Highway System
A few years ago, I came across this image online that broke down the U.S. highway numbering system, and it surprised me how straightforward it actually is.
Over 60 small trucking companies face significant debt as Transplus Freight files for bankruptcy, highlighting the challenging dynamics within the logistics sector.
Mississippi-based firm, Transplus Freight System Inc., files for bankruptcy liquidation, leaving over 60 small trucking companies collectively in millions of dollars of debt. Citing assets of up to $50,000 and liabilities between $1 million and $10 million, Transplus has announced no funds will be available for unsecured creditors post-administrative fees. Amid a year of declining freight volumes and rates, this move starkly underlines the mounting challenges and uncertainties for trucking companies and freight brokerages.
Join over 11K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).