Major Ft. Worth trucking company, in business for over 40 years, shut down at the first of the year. Trucks were repo’d or sold at auction. Left a 70 year old owner with nothing other than debts and bankruptcy. Not bad management, just caught between rising fuel and employee costs and companies which would not pay a fee to cover the costs.
I bid my resid monthly and get rates on a monthly basis. The last thing I want is to bust my trucker. He’s my ambassador, which is why I don’t mind keeping rates current and the driver paid on time.