Latest News

Trucker Central Freight Lines to Close After Years of Losses

0

Trucking company Central Freight Lines Inc. will wind down its business in the coming weeks after failing to halt years of losses despite strong demand in freight markets during the pandemic, the company said Sunday.

The privately held company based in Waco, Texas, has about 1,200 trucks and is a large operator in the less-than-truckload business, a slice of the trucking sector in which carriers move shipments from multiple customers on a single trailer. Most operators in that business have thrived over the past two years under heavy demand from retailers and manufacturers and the pandemic-driven boom in online shopping.

S&P 500 retreats from record to start the week, Dow sheds 300 points

Previous article

Goldman loves these EV sector stocks — and says one could rally 100%

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News