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Economy

Comcar Files for Chapter 11, Selling Off Assets

Comcar Industries, the parent company for five national truck transportation and related services businesses, has announced its intent to sell its various operating companies, recently filling for Chapter 11 protection to facilitate these sales.

FTR: Don't Look for Positive Trucking Conditions Again Until 2021

According to FTR’s projections for its Trucking Conditions Index, a combination of drastic declines in freight volumes, utilization, and rates due to the COVID-19 pandemic could lead to the worst overall trucking conditions on record during the second quarter of this year.

ATA President, Trucking CEOs Added to White House Economic Revival Group

A group consisting of American Trucking Associations President and CEO Chris Spear and CEOs from four major trucking companies have been selected to join President Trump’s Great American Economic Revival initiative, which is convening bipartisan groups of industry leaders from across all sectors of the U.S. economy.

What Oil War Could Mean for Trucking

A sudden war in crude oil prices between Russia and Saudi Arabia could mean a drop in diesel and gasoline prices at American fuel pumps. But the longer-term implications are more worrying.

GDS Express Files for Bankruptcy, Cites Lack of Credit

After closing without notice in early December, Akron, Ohio-based GDS Express has filed for bankruptcy. The company filed for Chapter 11 liquidation on Dec. 27, 2019, citing the shutdown of a revolving credit account.

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