Former FedEx Ground contractor files for bankruptcy liquidation

Capt. John

A California company, which once contracted with FedEx Ground to deliver packages before filing suit against the global delivery giant (NYSE: FDX) in November over alleged illegal business practices, has filed for bankruptcy liquidation. 

PYNQ Logistics Services Inc., doing business as PLS Inc. of Pleasanton, California, filed its petition Wednesday in the U.S. Bankruptcy Court for the Northern District of California. 

In its petition, PYNQ lists its assets of up to $50,000 and its liabilities of...

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