Profile picture of 🚚📦Ray Owens 📦🛬
🚚📦Ray Owens 📦🛬
🚀 E-Commerce & Logistics Consultant | Helping Businesses Optimize Operations and Streamline Supply Chains | Small Parcel Services | 3PL Services | DTC Warehouse Solutions | Ocean Freight | Air Freight
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January 10, 2024
🚚Boom! The logistics industry was in for a wild ride in 2023!🎢 In an industry often synonymous with stability, it became the talk of the town with bankruptcies skyrocketing. From the giants to the local heroes, no one seemed to be exempt. While getting a definitive list would be as easy as catching a cloud, I've got your back with some resources and real-life examples. 🔍 Dive into the world of FreightWaves: Their Layoffs and Bankruptcies Archives chronicle the ups and downs of industry stalwarts. Whether you're into trucking, freight forwarding, or air cargo, this is your goldmine for information. 💡Hungry for more? Check out Intellizence. Their list of companies filing for bankruptcy recently includes those from the logistics family too! 📚 A bonus read would be ‘The biggest freight brokerage layoffs and bankruptcies in 2023’ by FreightWaves. This presents the gritty details behind the collapse of big names like Flexport, Flock Freight, and Meadow Lark Agency. Remember Meadow Lark Agency? This Montana-based heavyweight had to file for bankruptcy liquidation in 2023. Or Elite Transit Solutions, the once buzzing freight load board ended abruptly amidst allegations of financial mismanagement. And who can forget about 10 Roads Express? The shocking layoff of 66 employees in Texas was the canary in the coal mine signaling further trouble. 📌 But don’t forget, the smaller, local companies often slip under the radar. Digging around local news articles or sector-specific publications might unearth more casualties. 💡 And here’s a curveball – some companies disguised their demise under the cloak of restructuring or merging. Spotting these might just be the greatest puzzle of all. If you made it this far, I hope this treasure map helps you uncover the mysteries behind the logistics companies that bit the dust in 2023. Got any more stories or insights? Share away! Let's unravel this together! 🤝 #logistics
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January 10, 2024