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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]
Bekins was acquired by Wheaton World Wide Moving in 2012. [10] After the acquisition, the Bekins Van Lines brand name continued to be used as a separate brand. [10] It is the oldest, currently operating, household moving, company in the United States. [11] It is one of the largest moving companies in North America. [2] [10]
Descartes is perhaps best known for its abrupt and unexpected turnaround in the mid-2000s after coming close to bankruptcy in the wake of the dot-com bubble collapse. It is also known as one of the earliest logistics technology companies to adopt an on-demand business model and sell its software as a service (SaaS) via the Internet.
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 ...
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 ...
On November 21, 1999, Clayton, Dubilier and Rice also completed their acquisition of Allied Van Lines and merged it with North American Van Lines to create Allied Worldwide, although each former company maintained its own profile names. Valued at approximately US$450 million in the merger, the Allied Worldwide combined entity became the world's ...
In February, the center filed for Chapter 11 bankruptcy after reportedly discovering founder Leo Govoni loaned himself $100 million over more than a decade and never repaid it.
Atlas Van Lines, the Atlas World Group's flagship company, was founded by a group of 33 moving companies referred to as agents.Atlas is still distinguished by its agent ownership to this day and is represented by nearly 500 Atlas agents across the world.