Is Central Freight Lines closing down?
Is Central Freight Lines closing down?
After 96 years in business, Waco, Texas-based less-than-truckload (LTL) carrier Central Freight Lines is closing its doors. Central Freight announced that it is winding down its operations and as of Dec. 13 has ceased picking up new shipments.
Is CFL Trucking shutting down?
Waco, TX — Trucking giant Central Freight Lines (CFL) is ceasing operations after almost 100 years in business. The less-than-truckload (LTL) mega carrier has begun informing its roughly 2,100 employees, including more than 1,300 truck drivers, it will begin winding down operations.
Why is CFL closing?
Despite diligent efforts, the Company was unable to gain commitments to fund ongoing operations, find a buyer of the entire business, or fund a Chapter 11 reorganization. Given its limited remaining resources, the Company concluded that the best alternative was a safe and orderly wind-down.
Who bought out Central Freight Lines?
Central Freight went public in 2003, then three years later returned to being privately held due to a merger that involved trucking magnate Jerry Moyes, the billionaire founder of Phoenix-based Swift Transportation.
Why is Central Freight closing?
At the height of an unprecedented trucking boom, with spot prices and LTL rates at record levels, Central Freight Lines said it would shutter operations and be done with almost all of its freight pickups by Dec. 13. One of the main reasons was debt, according to the company president, and an inability to pay it down.
Is central transport the same as Central Freight Lines?
Central Freight Lines is most highly rated for Work/life balance and Central Transport is most highly rated for Compensation and benefits. Learn more, read reviews and see open jobs.
Does swift own Central Freight?
Moyes, who founded Swift Transportation, owns CFL, the 95-year-old LTL company headquartered in Waco, Texas.
When did Consolidated Freightways go out of business?
September 2002
Consolidated Freightways
| Formerly | Consolidated Truck Lines |
|---|---|
| Founded | April 1, 1929 in Portland, Oregon |
| Founder | Leland James |
| Defunct | September 2002 |
| Fate | Bankruptcy |
Is Central Freight unionized?
Founded in Waco, Texas in 1925 by W.W. “Woody” Callan, Sr., Central Freight Lines, Inc. is a non-union less-than-truckload carrier specializing in regional overnight and second day markets in the East Coast, Southeast, Southwest, Midwest, and West Coast and is now serving Mexico, Puerto Rico and Hawaii.
Who is the CEO of Central Freight Lines?
Jerry Moyes
Central Freight Lines Taps Jerry Moyes as CEO.
Who is the largest flatbed carrier?
Company Landstar System
Top Flatbed/Heavy Specialized Carriers
| Rank 2021 | Company | Revenue (000) |
|---|---|---|
| Rank 2021 1 | Company Landstar System | 1,202,295 |
| 2021 2 | Company Daseke Inc. | 1,199,300 |
| 2021 3 | Company Anderson Trucking Service | 796,978 |
| 2021 4 | Company PS Logistics | 677,000 |
How long has Central freight lines been in business?
After 96 years, Central Freight Lines will shut down its business. Cassandra Alexander is a single mother of three that’s been a delivery driver for the company for the last four years.
Why choose Central freight?
Central Freight has earned this recognition 18 times in the past 25 years. “We are now delighted to offer an additional 15 states of coverage to our customers, and a deeper degree of resources for our employees,” said Rick Baker, President and COO of Volunteer Express.
What happened to a central Texas company that has lasted generations?
A Central Texas company that’s lasted for generations is unfortunately closing its doors. Now thousands of workers are desperately searching for new jobs. (Rosemond Crown)