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.

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

Matheson trucking bankruptcy

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. This led to consolidation among mail hauling companies that could service a larger region and squeezed out some of the smaller private contractors in the industry. Trucking giant U. I have worked as a Class A Driver for 4 decades. I have worked for Matheson Postal Service on 3 different relay runs,interstate. She also claims that hackers have broken into the Tenstreet application system ans are posting ads for employment by Matheson Postal Service. Join us as we explore best practice processes in pricing, visibility, automation, sales, and carrier selection.

She is an award-winning journalist known for her investigative and business reporting.

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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 trucking bankruptcy

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.

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The family-owned entities, founded by Robert and Carole Matheson in , filed for Chapter 11 bankruptcy in May Dow 30 38, More FreightWaves articles by Clarissa Hawes. If you have a news tip or story idea, send her an email to [email protected]. Crude Oil He also faced unrelated charges in state court that he allowed more than pigs to starve or freeze to death in his care in December While the August demise of less-than-truckload carrier Yellow Corp. In August, MFE also announced it was eliminating nearly 1, jobs and closing its sorting facilities in Chicopee, Massachusetts, Atlanta and Brandywine. She is an award-winning journalist known for her investigative and business reporting. The post Bankruptcies, fraud and a missing trucker: Key trucking stories in appeared first on FreightWaves. A look back at some of the key trucking stories FreightWaves covered in Bitcoin USD 68, The Maryland facility experienced a 4-mile-long train of tractor-trailers waiting to unload mail at the facility due to an alleged planning flaw by the Postal Service, MFE claimed in court documents.

S acramento-based Matheson Trucking Inc. The Matheson entities are large contractors for the U. Postal Service transporting mail across the nation.

Silver Ray admitted that over a month period — June until April — he defrauded investors in CSA Business Solutions LLC, headquartered in Imlay City, Michigan, telling them he had 4, trucks and 4, drivers when he only had two trucks and four drivers. Nasdaq 15, Read full article Do you have a news tip or story to share? Clarissa Hawes Clarissa has covered all aspects of the trucking industry for 16 years. What happened next remains a mystery as local, county and state law enforcement agencies are still searching for answers — and Dave. If you have a news tip or story idea, send her an email to [email protected]. 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. She is an award-winning journalist known for her investigative and business reporting.