Who the major large company whom is to go down next week? This was talked about on satilite radio today (roaddog) on the #### ..
It's not YRC from what I can find out..
Any clues????
Anybody know???
Discussion in 'Motor Carrier Questions - The Inside Scoop' started by Mortar Man, Feb 27, 2009.
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Can't be Scneidner they made money last year. I wonder if it is Swift, Werner, JB Hunt, Celadon ,Crete, US Express? Before the year is out and things don't improve look for Werner, Swift, Conway,Yellow and many more to be under and out of business. In years past they had lines of credit to sustain them through the tougher and lean times. Not now, the banks aren't lending and their cash flows are following very low. No money to hold them over and low freight volumes and cheap freight are a perfect storm for bankruptcy.
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Will keep an eye open..and an ear to the ground.
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Talked to us express driver after I posted this he said he heard that usx was gonna fall but max fuller was gonna keep
Arnold
Total
Star
Up and possibly merge with his brother at coveinet
I don't know this as gosple but it does make for some strong wondering of the possibility
I also heard swift is having Capitol problems again
Never know..
Like to find out though -
Rumor I heard, Swift was in trouble and filing bankruptcy. I tried to find more about this gossip but yet to come up with anything.
Mortar Man Thanks this. -
I thought
Jerry bought swift back and took it private again ..
Never know maybe his efforts were to late.. -
I definitely think it is US Xpress. I talked to them today and they are hiring no drivers of any kind and are on a 6 month to 1 year hiring freeze. Now what company does that?
I have heard of the 1 month freeze, but US Xpress with its indefinite freeze since January is a telling sign. -
Here is what I dug up /
100 lose jobs when trucking company shuts down
By Vic Kolenc / El Paso Times
Posted: 02/21/2009 12:00:00 AM MST
Last edited by a moderator: Feb 28, 2009
jlkklj777 and Mortar Man Thank this. -
I think Celadon is a good candidate for going down. -
Of course if you looked up liar in a thesaurus, recruiter would be one of the alternate words.
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