Based in Rutherfordton, North Carolina, FreightWorks Transportation, and Logistics reportedly shut down, leaving upwards of 200 people without jobs. The operation involved 186 trucks for HAZMAT, security, and temperature-controlled transportation. Approximately 140 CDL holders and 60 employees are expected to lose their positions.
“The owner has taken great time, effort, and resources that he didn’t even have to make sure that everyone got home safely, fuel cards weren’t turned off before people got home, freight was all delivered – there are no abandoned loads across the country – and everyone gets their last paycheck,” Jordan Kidd, FreightWorks director of business intelligence, reportedly said.
The operation was founded by CEO Josh Farmer with a single truck in 2012 and was primarily hauling perishable goods when it shuttered. Small and mid-sized freight hauling operations continue to struggle due to high inflation and a weak economy. However, large carriers are gobbling up their assets.
Sage Logistics Purchases Byland Transportation
Having serviced Chicagoland for six years, Byland Transportation’s 48 trucks and 70 trailers will be absorbed by Sage Logistics. Byland provides over-the-road truckload and less-than-truckload services. It also has drayage and warehousing capabilities to service the lower 48 U.S. states. The purchase by Sage is expected to create more freight-hauling opportunities for qualified truckers and logistics personnel.
“This acquisition will allow us to offer a wider range of ‘asset right’ transportation solutions. Our mixture of brokerage, flexible drop trailer solutions, tied to an asset-based trucking operation further expands our ability to provide top-notch service to our clients,” Sage Logistics CFO John Hellige reportedly said.
Big G Buys Increases Fleet By 90-Trucks
Big G Express recently acquired RTR Transportation in a move that augments its fleet by 90 trucks. RTR was a family-owned operation that employed approximately 88 truckers in the dry van truckload area.
“We ultimately chose Big G Express as the buyer because of the comfort level we instantly felt with their executive leadership,” Jackson Norman, president of RTR, reportedly said. “The Lord has blessed our family with a wonderful group of employees, and we wanted to assure that their futures were secure. Big G’s employee stock ownership plan gave us that assurance.”
Based in Shelbyville, Tennessee, Big G is reportedly an employee-owned organization. Big G CEO Greg Thompson indicated the move allows the operation to gain market share with blue-chip clients in the automotive sector and expand to untapped regions.
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