- New England Motor Freight, the 19th-largest less-than-truckload (LTL) trucking company in the US, filed for bankruptcy protection on Monday.
- Several top freight analysts said one of NEMFs challenges was its contract with Amazon, which tends to provide a lot of packages that are of relatively low value.
- Amazon contracts are pretty demanding, one analyst told Business Insider. Because theyre growing so rapidly, they can suck up a lot more of your capacity that you planned to make available to them.
One of the less-than-truckload sectors largest companies declared bankruptcy on Monday.
New England Motor Freight (NEWF), whose 2017 revenue totaled $US402 million, intends to have an orderly wind-down …
Read the full article at: https://www.businessinsider.com/bankrupt-trucker-new-england-amazon-reliance-2019-2