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.

Over the past five months, the Matheson entities have laid off nearly 3, workers, a source familiar with the situation told FreightWaves. The letters list Jan. Under the WARN Act, employers with more than employees at a location must give authorities a day advance notice of a planned closure and job layoffs. The family-owned entities, founded by Robert and Carole Matheson in , filed for Chapter 11 bankruptcy in May As the company winds down operations, some employees will be asked to stay on longer to help with the closure, the letter states. Asked about the Matheson entities ceasing operations, a spokesperson for the Postal Service declined to comment.

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. Judge Michael Barrett of the U. District Court for the Southern District of Ohio issued his ruling almost 18 months after a day bench trial ended in early March He ordered TQL to pay overtime wages to the employees and an additional amount equal to the actual damages.

The program, known as Dynamic Route Optimizationchanged the way private carriers were paid — switching from contract rates to paying trucking companies on a mileage basis. Trucking giant U.

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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.

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.

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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. District Court for the Southern District of Ohio issued his ruling almost 18 months after a day bench trial ended in early March Nikkei 40, Asked about the Matheson entities ceasing operations, a spokesperson for the Postal Service declined to comment. Nasdaq 15, If you have a news tip or story idea, send her an email to [email protected]. Since May, motor carriers claimed they had been fighting for months to get paid after hauling brokered loads for Meadow Lark. Silver Judge Michael Barrett of the U. He was sentenced in late November in the U. CMC Crypto Dow 30 38, Crude Oil

Over the past five months, the Matheson entities have laid off nearly 3, workers, a source familiar with the situation told FreightWaves. The letters list Jan. Under the WARN Act, employers with more than employees at a location must give authorities a day advance notice of a planned closure and job layoffs.

On Oct. Judge Michael Barrett of the U. Dow 30 38, Over the past five months, the Matheson entities have laid off nearly 3, workers, a source familiar with the situation told FreightWaves. Story continues. District Court for the Southern District of New York after pleading guilty in March to four counts of wire fraud, including one count while he was released on bail. 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. FTSE 7, Do you have a news tip or story to share? Gold 2, Story continues. In August, MFE also announced it was eliminating nearly 1, jobs and closing its sorting facilities in Chicopee, Massachusetts, Atlanta and Brandywine. The family-owned entities, founded by Robert and Carole Matheson in , filed for Chapter 11 bankruptcy in May In May, former Slync.