Matheson trucking bankruptcy

Over the past five months, the Matheson entities have laid off nearly 3, workers, a source familiar with the situation told FreightWaves.

A California-based trucking and logistics company, which contracts with the U. Postal Service to haul mail, recently filed for Chapter 11 bankruptcy. Family-owned Matheson Postal Services Inc. The year-old trucking and logistics company states that it has up to 5, creditors and maintains that funds will be available for distribution to unsecured creditors once it pays administrative fees. The company was founded by Robert and Carole Matheson in and is a transportation and logistics provider for the Postal Service and other commercial carriers. That family-owned carrier, which had 37 drivers and 66 power units, ceased operations and filed for Chapter 7 bankruptcy. The program, known as Dynamic Route Optimization , changed the way private carriers were paid — switching from contract rates to paying trucking companies on a mileage basis.

Matheson trucking bankruptcy

While the August demise of less-than-truckload carrier Yellow Corp. Other FreightWaves stories focused on fraud investigations and the mysterious disappearance of an Iowa truck driver, who was last seen by his family on Nov. In December, U. Amid an ongoing financial dispute with the Postal Service, the Matheson entities laid off nearly 3, workers over a five-month period, a source familiar with the situation told FreightWaves. The family-owned entities, founded by Robert and Carole Matheson in , filed for Chapter 11 bankruptcy in May Read the story. After two years of record growth during the COVID pandemic, Jacksonville, Florida-based Surge Transportation, a digital freight brokerage, sought a buyer and slashed its rates and workforce nearly a year before it filed for bankruptcy protection in late July Since May, motor carriers claimed they had been fighting for months to get paid after hauling brokered loads for Meadow Lark. On Oct. In May, former Slync. Kirchner sought to have Slync pay his legal bills in his ongoing fraud case after his assets were frozen by the feds. In late September, a federal judge ruled that Total Quality Logistics — the second-largest freight brokerage in the U.

Gold 2, matheson trucking bankruptcy, Other FreightWaves stories focused on fraud investigations and the mysterious disappearance of an Iowa truck driver, who was last seen by his family on Nov. Postal Service contractor to cut jobs, close 2 facilities in California Postal service contractor cutting jobs.

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If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information. A number of trucking companies across the United States, including the Matheson trucking company based in California, may be misclassifying or underpaying their truck drivers in violation of state and federal labor laws. The Matheson trucking company has been around for nearly 60 years , providing transportation and logistics for a variety of commercial carriers, including the United States Postal Service USPS. Unfortunately, Matheson is one of a slew of trucking companies that may be either underpaying or misclassifying their truck drivers. Working as an owner operator truck driver can be an expensive endeavor. Independent truck drivers face many major expenses, including the purchase or lease of a truck, fuel, insurance, taxes, and more. These expenses, combined with the long hours that truck drivers typically work, some may not be making minimum wage.

Matheson trucking bankruptcy

Sacramento, California-based U. Matheson Trucking Inc. Earlier this week, news emerged that Matheson Flight Extenders would lay off workers and permanently shutter facilities in Denver and Portland, Oregon. Matheson Postal Services Inc. In August , Matheson announced the layoffs of about workers in Massachusetts, Georgia and Maryland. In November , the company announced the closure of two California facilities, resulting in layoffs. Matheson is a mail handling, transportation, and logistics company which contracts with the United States Postal Service USPS to process mail at various facilities throughout the United States. The company that would become Matheson Trucking was founded by Robert and Carole Matheson in as water delivery company R. Matheson Trucking, Inc.

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Nasdaq 15, The company was founded by Robert and Carole Matheson in and is a transportation and logistics provider for the Postal Service and other commercial carriers. Russell 2, Nikkei 40, An additional workers were permanently laid off at its Long Beach, California, facility in November. More FreightWaves articles by Clarissa Hawes. Crude Oil In May, former Slync. Your name will not be used without your permission. Read the story. In August, MFE also announced it was eliminating nearly 1, jobs and closing its sorting facilities in Chicopee, Massachusetts, Atlanta and Brandywine. Over the past five months, the Matheson entities have laid off nearly 3, workers, a source familiar with the situation told FreightWaves. Russell 2,

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Judge Michael Barrett of the U. Crude Oil FTSE 7, Join us as we explore best practice processes in pricing, visibility, automation, sales, and carrier selection. Other FreightWaves stories focused on fraud investigations and the mysterious disappearance of an Iowa truck driver, who was last seen by his family on Nov. Clarissa Hawes. FTSE 7, A California-based trucking and logistics company, which contracts with the U. While the August demise of less-than-truckload carrier Yellow Corp. The year-old trucking and logistics company states that it has up to 5, creditors and maintains that funds will be available for distribution to unsecured creditors once it pays administrative fees. Crude Oil Postal Service to haul mail, recently filed for Chapter 11 bankruptcy.