Carrier Bankruptcies & Layoffs, LRT Group Acquires F2F Transport, & Cass Signals Recovery | The Morning Minute
In this episode, we kick things off by examining a brutal new wave of financial distress hitting the transportation and logistics sector. Over the past ten days, trucking companies, truck dealers, and logistics providers have filed for bankruptcy protection while hundreds of workers faced layoffs nationwide. Notable filings include Laredo-based Triple RRR Carriers, a cross-border trucking company that operated a fleet of 177 power units, and Dallas-area logistics provider Alan Ritchey Inc., which will lay off 232 employees beginning in September. Next, we shift to the truckload sector where a…
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