Cargo 'held hostage' in Chicago, says Flexport's Ryan Petersen
“Dozens of motor carriers in the Chicagoland area have been holding loads of cargo hostage, ...
XPO: MEXICAN WAVEXPO: TALKING TURKEYDSV: SCHENKER BOOST ERODINGPLD: EARNINGS DAY JBHT: IN PRIOR CYCLES JBHT: CONF CALL QUESTION TIMEJBHT: BNSF LOGISTICS INTEGRATION JBHT: INTERMODAL 'SEASONALITY' JBHT: PRESSURE ON SALES JBHT: CEO SIMPSON REMARKSJBHT: CONF CALL WITH SELL-SIDE STARTINGJBHT: HERE COMES THE PAINJBHT: EARNINGS DAYGXO: WINCANTON LOSSESR: ALL RISE
XPO: MEXICAN WAVEXPO: TALKING TURKEYDSV: SCHENKER BOOST ERODINGPLD: EARNINGS DAY JBHT: IN PRIOR CYCLES JBHT: CONF CALL QUESTION TIMEJBHT: BNSF LOGISTICS INTEGRATION JBHT: INTERMODAL 'SEASONALITY' JBHT: PRESSURE ON SALES JBHT: CEO SIMPSON REMARKSJBHT: CONF CALL WITH SELL-SIDE STARTINGJBHT: HERE COMES THE PAINJBHT: EARNINGS DAYGXO: WINCANTON LOSSESR: ALL RISE
The VC-backed tech bros do seem to look after each other: Flexport has confirmed it will buy Convoy’s technology, for a “modest” sum, and take on a handful of staff – but none of the liabilities of the shuttered truck broker. And it seems Convoy chief executive and co-founder Dan Lewis may well join the San Francisco forwarder too. It will come as little comfort to the staff let go suddenly last month, who have now launched a class action against Convoy to get 60 days’ worth of wages and benefits, as decreed by law. Flexport, meanwhile, has told Convoy’s customers that operations will be up and running again soon. TechCrunch reports.
Comment on this article