FW: Pennsylvania trucking company files Chapter 11 bankruptcy
FREIGHTWAVES reports: Turk Transportation filed for Chapter 11 bankruptcy on Tuesday in the U.S. Bankruptcy Court ...
GXO: WORST PERFORMER WMT: NEW STUNNING RECORD KNIN: BOUNCING OFF MAERSK: STILL BEARISHKNX: YIELD BOOSTWTC: TURKISH CARGO WINGXO: HAMMEREDWMT: DEFENSIVEAAPL: AI DRIVEGXO: PRESSURE BUILDSAAPL: SUPPLY CHAIN FOCUSMAERSK: PE PORT PURCHASEDHL: GREEN PHARMA FLIGHTS
GXO: WORST PERFORMER WMT: NEW STUNNING RECORD KNIN: BOUNCING OFF MAERSK: STILL BEARISHKNX: YIELD BOOSTWTC: TURKISH CARGO WINGXO: HAMMEREDWMT: DEFENSIVEAAPL: AI DRIVEGXO: PRESSURE BUILDSAAPL: SUPPLY CHAIN FOCUSMAERSK: PE PORT PURCHASEDHL: GREEN PHARMA FLIGHTS
FREIGHTWAVES reports:
Sakaem Logistics, an entity with ties to the same family that owns Teamsters-staffed car hauler Jack Cooper, ended up acquiring less-than-truckload carrier Standard Forwarding, according to documents and people employed at Standard Forwarding.
Typically, companies like to tout their conquests, communicate go-to-market strategies and explain the ways new ownership will enhance operations. Standard Forwarding Freight, Sakaem Logistics and Jack Cooper have not responded to inquiries from FreightWaves to confirm the change of hands. (Standard Forwarding has been relaunched as Standard Forwarding Freight.)
Sarah Riggs Amico, executive chairperson at Jack Cooper and head of Jack Cooper Investments, led efforts to acquire a portion of defunct Yellow Corp. (OTC: YELLQ) in 2023 and again in 2024 under a new entity, Next Century Inc. Handlers of Yellow rejected the bids, opting instead to liquidate assets…
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