Leasing company sues Rich Transport and RoadRunner for $37 million, alleging breach of contract
“Arkansas-based PKE Western Truck Leasing, Inc. filed a $37 million lawsuit against Rich Transport, LLC and its parent company, RoadRunner Transportation Systems (NYSE: RRTS), alleging breach of contract on August 7”.- According to an article in freightwaves.com and its author
“According to the lawsuit filed in Pulaski County Circuit Court in Arkansas, PKE alleges it entered into a contract with Rich Transport on January 1, 2019. The terms of the contract stated that PKE would provide sufficient dedicated carriers and tractor capacity to transport a minimum of 350,000 miles per week of goods.
In turn, the suit claims that Rich was required to pay PKE more than $83,300 per month as a “capacity fee,” as well as $1.41 per mile each week.” – Hawes also wrote in her article.
Read the full story: HERE
Source and credits: freightwaves.com /and Mario Pawlowski / iTrucker