Texas-based U.S. Logistics Solutions files for bankruptcy liquidation [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
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Source: Yahoo! Finance
company to shutter operations Thursday and left a disputed number of truck drivers, dock and warehouse workers, and sales and office personnel without jobs. In a statement to FreightWaves Tuesday, a spokesperson for Ten Oaks Group , the private equity firm that owned the company, said its “third-party party lender refused to move forward with financial support for US Logistics Solutions, leaving no choice but a Chapter 7 bankruptcy plan.” As of publication Tuesday, the company spokesperson said that all USLS employees had received their final paychecks, but no date was given for when they were paid. It's unclear whether the owner-operators and independent contractors who worked for USLS were paid. USLS of Humble, Texas, filed its Chapter 7 petition Friday in the U.S. Bankruptcy Court for the Southern District of Texas. In its bare-bones petition, USLS lists its assets as up to $100 million and liabilities as between $100 million and $500 million. The shuttered company states t
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News
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- Activist Ancora joins investors' calls for a strategic review at Forward Air. Here's what may happen next [CNBC]CNBC
- Yellow's Chapter 11 plan includes rights offering, REIT [Yahoo! Finance]Yahoo! Finance
- Transportation capacity steps higher in August, survey shows [Yahoo! Finance]Yahoo! Finance
FWRD
Earnings
- 8/7/24 - Miss
FWRD
Sec Filings
- 8/14/24 - Form SC
- 8/14/24 - Form 3
- 8/12/24 - Form SC
- FWRD's page on the SEC website