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Canadian heavy hauler ENTREC filed for chapter 15 bankruptcy in the US

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Story by: Nate Tabak, Border and North America Correspondent at FreightWaves.com     Heavy hauler ENTREC is seeking additional financing to continue operating as it pursues buyers or investors while under creditor protection in Canada and Chapter 15 bankruptcy in the United States. ENTREC will ask a judge in Alberta today to allow it to borrow up […]

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Microsoft and FedEx join forces in technology and logistics partnership

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Story by: Linda Baker, Staff Writer at FreightWaves.com   Microsoft (MSFT) and FedEx (FDX) will join forces in a multiyear technology and logistics partnership, including using artificial intelligence (AI). The companies announced this week. The collaboration, to involve new product development, will combine the global digital and logistics network of FedEx with Microsoft’s intelligent cloud, and […]

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Hertz files for bankruptcy as coronavirus is keeping affecting the economy

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By: Mario Pawlowski CEO at iTrucker   Hertz, one of the largest car rental company in the world, filed for Chapter 11 bankruptcy this Friday after failing to reach an agreement with lenders, The Wall Street Journal first reported. Hertz was operating one of the largest worldwide vehicle rental companies under the Hertz, Dollar, and Thrifty […]

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$26.5 million ‘nuclear verdict’ stands in fatal Oregon road-rage crash

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Smacked with a $26.5 million jury award nearly a year ago in a lawsuit stemming from a fatal road-rage crash, Horizon Transport of Wakarusa, Indiana, has failed in its appeal to have the amount lowered. The case was recently resolved with the verdict intact through a voluntary mediation program offered by the U.S. Court of […]

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Legal woes force another trucking company to file for bankruptcy

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Story by: Clarissa Hawes at FreightWaves   DM World Transportation LLC of Longwood, Florida, has filed for Chapter 11 bankruptcy protection. This action comes just two weeks after a trailer leasing company filed a motion for final summary judgment in a breach-of-contract lawsuit against the carrier and its CEO for nearly $1.3 million. In its […]

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ELD provider, Samsara lays off 18% of workforce

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Story by: Linda Baker, Staff Writer at FreightWaves   ELD and fleet management solutions provider Samsara announced Wednesday it was laying off 300 employees, 18% of its workforce, as the company responds to the coronavirus downturn. “It’s now clear that COVID-19 has become the most significant economic event in the past 100 years,” CEO Sanjit Biswas said in […]

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Coronavirus is taking a bite out of the truck drivers pool

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Story by: John Gallagher, Washington Correspondent at FreightWaves   Trucking companies are realigning hiring practices to focus on experienced drivers as the supply of student truck drivers falls dramatically because of COVID-19. The shift is a direct result of driving schools that have closed and state driver licensing agencies (SDLAs) that have either cut back […]

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Comcar dropped $25 million in 2019 before Chapter 11 bankruptcy filing

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Story by: John Kingston at FreightWaves     The bankruptcy of privately held Comcar was fueled by the same weak trends that have befallen many trucking companies, with the added burden of a significant amount of debt. Comcar filed its bankruptcy documents in Delaware on Sunday, May 17, along with a public announcement of its Chapter […]

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Trucking company with 4000 trucks files for Chapter 11 bankruptcy, plans to sell subsidiaries

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Story by: John Kingston at FreightWaves.com   Motor carrier holding company Comcar Industries announced on Sunday, May 17, that it has filed for court-supervised bankruptcy protection and plans to liquidate by selling off its five trucking companies. The company employs 4500 and has 4000 trucks, according to Comcar’s website. In terms of size, Comcar was […]

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