Central Freight bankrupt

Research. You would be wrong.

 

Your research is wrong. Lol I worked for Central Freight Lines for the last 8 years. The farthest north CFL terminal was in KC.

 

Didn’t Central Freight have a terminal in Rockford Ill., years ago?

 

They did have a company that ran freight for them in Chicago. Milan or Moran one of the 2.

 

YRC is next, they’re struggling financially

 

Suddenly meeting life head on is brutal. It is sad that so many people will be affected within the next few months. They don't really believe things are occurring every day to point up the difficult times ahead. Small business's' have decided to shut down and leave with some rather than fight it and lose all. Large corporations (organized/owned by investment groups) are grouping assets and poised to shutdown. January will be bankrupt month.

 

(Companies that irresponsibly overleverage themselves to the point of not being able to pay their bills deserve to go out of business.)
Very true, proven fact as evidenced here.

(It has nothing to do with their drivers being overpaid.)
No truck driver in history has ever been "overpaid", some paid well but never over.

An old comment you may have never heard. "You don't pay a truck driver for what he does, you pay him for what he knows.
Eg: It breaks, how to fix it. Unexpected loading/unloading, makes arrangements and gets it done. Weather/road repairs/wrecks/weights, just takes an alternate and trucks on.
Why should I pay you and still have to sit up at night for you to call me?

 

Mike's dad and two partners had Rebel Truck Line in Oxford, MS. Mike was working there and wanted them to get in truckload. His dad counseled with partners and went along with them not wanting to. So Mike quit, went to Memphis, leased some equipment. Rumored to have done a million three the first year off his kitchen table. Time passes. Sold the 9 hole old golf course place they were on off Brooks Road and bought up the parcel on the right side of Shelby Drive up hill off 78. More time passed. Divorce situation came up. Supposedly Mike said: Now Baby, I'm gonna give you all this money for you letting me and MS Carriers go, naming a figure. Miz Starnes had her layer have his accountant run down the numbers.
She gave Mike that figure. That is when the merger/sale came about. Sad as everyone always thought of MS Carriers as a well run class outfit.

 

Well sort of, Viking never closed, the subsidiaries Central, Spartan, and Coles were closed with Central Freight Lines being reopened by the group you are referring to, the original San Jose, Ca based Viking remained open and under the ownership of Caliber Systems Inc, until Caliber was sold to Fed Ex, after that Viking would become Fed Ex Freight west.