HVH Transportation abruptly shuts down

I don't know anything about Ship-ex, and I'm sure it's a recruiting campaign. However they are offering a helping hand and that's good.

 

I spend a lot of time down in Moline, IL and went to a place right by there at least e/o and didnt think about the fti guys. It's an fti terminal but they've had hvh trailers in there for the last 3 years at least anyway I just remembered that connection and thought back they've had a for sale sign on that terminal for at least a few months. So I did a google search on HCI and found this page .. HCI Equity Partners - Portfolio Companies - Private Equity Firm - Middle Market Industrial Products and Services Companies ... they are some lazy people and those in the other companies may want to run but when you think about it most should already have seen it coming based on what I've seen of their equipment in those companies.

 

You just contradicted yourself

 

From Denvers craigslist:ATTENTION HVH TRANSPORTATION DRIVERS-MEYSING TRANSPORT HAS OPEN POSITIOINS THAT NEED TO BE FILLED! DON'T WAIT! APPLY TODAY! $3000 SIGN ON BONUS! $1500-$1600/A WEEK PER DRIVER!

 

In the first half of 2019, he said 640 freight company closed their doors. On average, these companies each had about 30 drivers, resulting in 20,075 trucks being pulled off the road. Compare that to 2018, when freight was booming. During the first half of that year, Broughton said 175 companies closed — each averaging about nine drivers — taking 1,550 trucks off the road. For all of 2018, 310 trucking companies closed, Broughton said.

2019 Trucking Company Closures So Far Have Doubled All of 2018

 

The FTI terminal in Moline, they have a bunch of trucks locked up behind a gate on the right side of the building. They've had the for sale sign up for quite a long time and I don't remember exactly when it was put up but it was either during or before the summer started.