Plus, electric trucks are costing more to operate than anticipated, Peloton claims Flexport cost them millions, and a truck driver passed out after police found cocaine in his cab.
Despite a shaky start in April, late-month improvements in freight metrics suggest potential for a boom within the next year.
Peloton alleges Flexport's inefficiencies led to millions in unfair detention and demurrage charges.
TBL Logistics, a family-run trucking firm, files for Chapter 7 bankruptcy.
TBL Logistics, a small family-owned trucking firm based in Appomattox, Virginia, has hit a financial pothole, leading to a Chapter 7 bankruptcy filing.
Quick Hits:
Operational challenges seemed to have compounded, evidenced by the cancellation of their Bodily Injury Property Damage Coverage on January 20. This, along with two injury crashes in the past 24 months, may have contributed to the company's decision to file for bankruptcy on February 29.
According to documents, TBL creditors include Motive Technologies, Love's Travel Stops, and the IRS.
A creditors meeting is scheduled for March 26.
Source: FreightWaves
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— Kevin Rutherford / Let's Truck 🇺🇸 (@lets_truck) March 8, 2024
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