Another one down.

What are all these companies doing that their insurance is going up enough to throw in the towel?

 

Probably hiring any warm body that holds a cdl license.

 

Could be. But I have seen hiring standards fall all across the industry, as well. Anything to save a buck because heavens forfend we should do anything to raise rates.

 

That's possible but I would think it wouldn't have taken 2 years to show up.

 

I'm wondering if these companies that are closing have been legit W-2 companies or shady 1099 type operations?

 

Somebody posted on fallen flags that PTL has shutdown but I can't find anything to corroborate it .

 

Nothing on the news about Paschall Truck Lines shutting down. That would be every bit as big as Celadon's death.

 

No, the major factor was that it was a half ***ed trucking company started by a former driver, I know the dude.
He's getting old and no one has the wits to run it.
Its been all but out of business for the last 3 years.
Mort was a good guy and built a really decent regional trucking company. Just no one in the gene pool to make it work.