A top trucking company just declared bankruptcy — and Amazon may have helped usher its downfall
|02/14/2019||Posted by BusinessMediaguide.Com under General World News||
- New England Motor Freight, the 19th-largest less-than-truckload (LTL) trucking company in the US, filed for bankruptcy protection on Monday.
- Several top freight analysts say one of NEMF’s challenges were its contract with Amazon, which tends to provide lots of packages that are relatively low value.
- “Amazon contracts are pretty demanding,” one analyst told Business Insider. “Because they’re growing so rapidly, they can suck up a lot more of your capacity that you planned to make available to them.”
One of the less-than-truckload sector’s largest companies declared bankruptcy on Monday.
New England Motor Freight, whose 2017 revenue totaled read more >>>