So I am sure most have seen the news that they shut everything off. Suppose to give a statement tomorrow or next I guess. Are they gonna shut it completely off or restructure and keep it going?
Convoy Shutting Down?
Discussion in 'Ask An Owner Operator' started by Siinman, Oct 18, 2023.
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JonJon78, Concorde, Another Canadian driver and 2 others Thank this.
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Just the brokerage - right?exhausted379, Another Canadian driver, Vampire and 1 other person Thank this.
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Not sure if it is everything or just brokerage.JonJon78, Another Canadian driver, blairandgretchen and 1 other person Thank this.
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I thought brokers made all the money?
bzinger, Siinman, Diesel Dave and 5 others Thank this. -
Sometimes they lose all the money, especially if it's a Big Tech venture capital company. A quarter billion here, a quarter billion there, one of these ideas will stick.
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I read on Twitter they tried to separate brokerage and assets - claimed it wasn't a stress-driven move - but the lenders weren't allowing it. It's the whole operation.Vampire, Siinman, gentleroger and 4 others Thank this.
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I like what I see.
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no big “peak season” for the holidays are going to be followed by a true dead season that doesn’t bounce back in the spring is what I’d think but I don’t gamble so the hell if I know
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The YouTube and Instagram videos about this have the best comments that are some true examples of trucker math. Best one I’ve seen said it’s good that companies like this are going broke because they steal money off the top and keep the rates low.
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