25 Trucking Companies That Once Ruled the Road — And What Destroyed Each One
Jack’s Trucking Report и ещё 8
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25 Trucking Companies That Once Ruled the Road — And What Destroyed Each One
1 537 просмотров · 4 дн. назад
Jack’s Trucking Report и ещё 8
1 537 просмотров · 4 дн. назад
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Twenty-five American trucking companies — some of them giants that ran thousands of trucks across every interstate in the country — are gone, and this video goes through each one to explain exactly what killed it. Working oldest to newest, from the Motor Carrier Act of 1980 and its aftermath through the Great Freight Recession of the 2020s, the causes include rate discounting, deregulation, leveraged buyouts, private equity deals, accounting fraud, mismanagement, and outright criminal behavior. The stories cover well-known names like McLean Trucking, Consolidated Freightways, Roadway Express, Jevic Transportation, Yellow, and Celadon, along with less-remembered carriers like Spector-Red Ball, Arrow Trucking, and Convoy. The video examines the Celadon accounting scandal, the Arrow Trucking fraud that left drivers stranded on the road days before Christmas, the Supreme Court case that came out of Jevic's bankruptcy, and the seven-hundred-million-dollar government loan connected to Yellow's historic collapse — the largest bankruptcy in American trucking history.
#trucking #history #business #bankruptcy #freight #documentary #logistics #transportation #finance #Teamsters