Raven Transport Shutdown
Discussion in 'Other News' started by mjd4277, May 3, 2024.
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They're falling to fast for me keep track of lately.
bzinger and bryan21384 Thank this. -
Not just America, Canada as well so basically the whole North American Trucking system has problems.
Seems to be a serious problem here!
Ironically, the carrier I'm lease to says business is picking up so contract work does matter in these time. However, even with customers nothing is guaranteed.Last edited: May 3, 2024
mjd4277 Thanks this. -
The cost of fuel is too #### high.....in my Jimmy McMillan voice
mjd4277 Thanks this. -
This has been coming for a very long time. Groupo Mexico purchased them and FEC (Florida East Coast Railroad) from a holdings company about 7 years ago. Since then, Raven closed their Middletown, OH and Greensboro, NC yards. I didn't realize they had any OTR drivers left. I thought the only trucks they had remaining in the fleet were daycabs running out of Jax, FL and Albany, Ga and those trucks are Freightliners with diesel engines, no longer Peterbilts and Volvos with LNG engines.
mjd4277 and Suspect Zero Thank this. -
Well they’re officially going to Chapter 7 (liquidation of assets). Expect more used trucks to flood the market.
Suspect Zero and 88 Alpha Thank this. -
Part of it is that a lot of these companies and/or owner/operators focus on one type of freight that they haul and sometimes that freight type is flooded with competitors that can drive the rates down.
They have too many eggs in one basket.
I said it previously,go to a truck stop and take a look at the trucks and look at the trailers that they are pulling. A majority of them that you’ll find are pulling dry van.drvrtech77, Otr Traveler and NorthEastTrucker Thank this. -
drvrtech77 and mjd4277 Thank this.
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