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 ...
© Khunaspix Dreamstime.
It often appears as if there ought to be far more business failures in container shipping than there actually are, but this week saw Malaysian feeder operator Hubline decide to call time on its box shipping business, blaming overcapacity and depressed freight rates for several years of losses. It will now focus on its core bulk carrying business instead.
Comment on this article