I don't know about the bankruptcy, but there was a post about them being bought by a capital investment company. This is not always a bad thing, I know this because my sister and a partner have their own capital investment company. Basically it is a loan, which all companies generally work from. Very few companies are debt-free. The difference here and the reason why this makes news is because it is actually a change in ownership. The investors become chairman of the board and no major business decisions are made without going through them. You fail to pay, they take control and either sell or disolve the company, leaving the original owner out in the cold. You succeed and full ownership is turned back over to you and all is well. It's kinda like getting a loan and then getting business coaching on top of it.
My sister used to tell me about when she was a corporate lender for a major bank here in Cincinnati. Every Monday morning she would make a $4 Million loan to Rumpke (a major trash company in case you're unaware) just to cover operating expenses. They would generally repay it by week's end, but from time to time they would struggle. She told me that if whe ever said no just once, which she thought about a few times, it would literally bring the company to a halt. To her knowledge they are still getting these loans regularly although she is sure that the amount is larger now. The vast majority of companies out there operate on borrowed funds, especially the larger ones. I'm certain that very, very few of the major players in the transportation industry are debt-free.
With all of that being said, I wouldn't be a bit afraid to sign on with them. As a matter of fact I just received a "pre-hire" and invite to orientation from them today and am seriously thinking about it. They seem to be a very good company with a lot of nice perks. They have the highest layover and detention pay that I have found in the industry which tells me that they probably do not pay it out very much. IMO, they would be more financially sound and probably farther from bankruptcy than someone like Swift, Schneider or Werner. I'd say, if it's a good fit for you, go for it.
Good luck!
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