FW: Shuttered California LTL carrier files for bankruptcy
FREIGHTWAVES reports: Less-than-truckload carrier Tony’s Express of Fontana, California, has filed for bankruptcy protection, nearly three ...
AAPL: UPSIDEWTC: UP UP AND AWAYCHRW: INSIDER SALE UPDATEDSV: GREEN PUSHTGT: UP SHE GOESFWRD: TALK OF A SALE R: AI DRIVEWMT: JD STAKE SALEWTC: EBITDA MARGIN FOCUSWTC: FLYING HIGHTSLA: DUTY-BOUNDUPS: NO FAITH NO MORELOW: DISAPPOINTING INTERIMS FWRD: RALLYING DSV: STILL AT 'LUND DAY ONE' LEVELSZIM: BEARISH DESPITE THE RALLY
AAPL: UPSIDEWTC: UP UP AND AWAYCHRW: INSIDER SALE UPDATEDSV: GREEN PUSHTGT: UP SHE GOESFWRD: TALK OF A SALE R: AI DRIVEWMT: JD STAKE SALEWTC: EBITDA MARGIN FOCUSWTC: FLYING HIGHTSLA: DUTY-BOUNDUPS: NO FAITH NO MORELOW: DISAPPOINTING INTERIMS FWRD: RALLYING DSV: STILL AT 'LUND DAY ONE' LEVELSZIM: BEARISH DESPITE THE RALLY
The latest news on the Hanjin bankruptcy from South Korea’s Yonhap News Agency, which claims that of the line’s 97 vessels, just 36 are sailing as per usual, with the remaining 61 anchored at sea or arrested in ports. As a result, the SK government has sought three ports worldwide that have offered the company stay orders against arrest requests from creditors, which means ports can begin unloading the estimated 540,000 teu worldwide that is trapped on Hanjin’s vessels, while the vessels themselves under legal protection. The three ports are Hamburg, Singapore and Los Angeles, as well as Gwangyang and Busan in South Korea.
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