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It provided services to 38% of the Fortune 500 companies, among 2,500 corporate clients worldwide. It had 760 moving agents; these agents had a fleet size of 7,800 vehicles. [2] During February 2008, the company entered bankruptcy and re-organized, emerging in May 2008 as a private company. [3]
At 12:00 pm on Sunday, July 30, 2023, the company ceased operations due to financial problems. [ 7 ] [ 8 ] On August 6, 2023, it filed for Chapter 11 bankruptcy protection . [ 9 ] It owes $730 million to the federal government, which owns 30% of the corporation, as a result of the $700 million pandemic loan Yellow received in 2020. [ 10 ]
Descartes’ cloud-based logistics messaging system, the Global Logistics Network (GLN), connects more than 13,000 customers in over 160 countries, [22] [27] making it one of the world’s largest logistics networks. Each year, the GLN carries more than 4.5 billion messages and manages more than 30 million shipping routes.
As you've probably heard by now, YRC Worldwide recently made its case for why its Teamster union employees should accept cuts to their wages and benefits. As CEO James Welch so delicately put it ...
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Graebel Companies, Inc., with global headquarters in Aurora, Colorado, is an American privately held company that provides corporate relocation services, offering end-to-end assignment management solutions [clarification needed], policy consulting [clarification needed], and administration of global mobility programs. [clarification needed] [1]
Mango Moving LLC offered long-distance moving and nationwide moving storage, as well as à la carte long-distance moving. Novation acquired Mango in 2011. Due to continued capital demands and difficulties generating positive cash flows or earnings, effective February 27, 2013, the Company committed to a plan to abandon the operations of Mango ...
A more than 100-year-old Wichita company has filed for Chapter 11 bankruptcy to restructure the business and potentially bring in new partners. Amid bankruptcy filing, Pioneer Balloon owners find ...