And one more bites the dust
 

Great Wide filed for bankruptcy. be careful taking loads from their subsidiaries !

They include,
Dallas Mavis
May Trucking
Cargo Masters
National Transport
and about 40 others

Wow!!

They are being aquired by an Investor group for reorganiztion, not being liquidated.

Doesn't sound like biting the dust to me.

Filed yesterday in Wilmington De. Just hope they don't owe you $$ or will never see it. Been thru a couple of "Taken over by investor groups", what they are looking for is to break up and get the tax write off's. Only people who get paid off are the officers of the company.

That was one of Kevin Rutherford's advertisers and favorite companies! I know a lot of people didn't see that one coming!

Thank you! My neighbor drives for them and he is doing fine. Greatwide was bought out by an investor group. They did not bite the dust...amazing how some people take things out of context at the drop of a hat. :)

Well....since "GREAT WIDE" is...or WAS...an "Investor" group to begin with....what new group stepped up to take a shellacking
in the trucking industry?


Was it the "American Taxpayer Association"??




:lol::lol::lol::lol::lol:


Get it???? The "ATA" ???? :rofl::rofl::rofl::rofl:

The faster the chains and padlocks are applied to Great Wide, the quicker we will be rid of yet another low rent, bottom feeder carrier. I only wish that I could be there to help.

I expect more of the larger carriers to file for bankruptcy. We seem to be in an epidemic of bankruptcies right now. There have already been over 20,000 carriers to go out of business this year. These involve some with 1 truck to those with several thousand trucks. It will create a difficult situation for some people, but should help the industry by reducing capacity. At some point there will be more freight than trucks. At that point we will see carriers take charge of the rates. Those carriers who have the cheap rates are the ones going out of business first.