Turk Transportation se declaró en bancarrota del Capítulo 11 el martes en el Tribunal de Quiebras de los Estados Unidos para el Distrito Oeste de Pensilvania. La compañía con sede en Carnegie, Pensilvania, propiedad de Mehmet Uzun, ofrece servicios de carga generales interestatales, según la...
Trucking company
Pennsylvania trucking company files Chapter 11 bankruptcy
Turk Transportation filed for Chapter 11 bankruptcy on Tuesday in the U.S. Bankruptcy Court for the Western District of Pennsylvania.
The Carnegie, Pennsylvania-based company, owned by Mehmet Uzun, offers interstate general freight services, according to the Federal Motor Carrier Safety Administration’s SAFER website.
According to Turk Transportation’s four-page voluntary petition, the company has up to $1 million in assets and liabilities of between $1 million and $10 million. The petition...
https://www.freightwaves.com/news/pennsylvania-trucking-company-files-chapter-11-bankruptcy
USA Truck sees sustained growth amid uncertain market forces
USA Truck Inc. posted its seventh consecutive quarter of record earnings Thursday and expects 2022 to be another record year, said James Reed, president and CEO.
The truckload carrier posted adjusted earnings per share of $1.48 during the first quarter, beating analysts’ estimate of 76 cents per share.
Total revenue in the quarter was $201.1 million, above the $158.5 million in the same year-ago quarter and higher than the consensus estimate of $185.6 million.
“Our performance year to date is far...
https://www.freightwaves.com/news/usa-truck-sees-sustained-growth
Appellate court affirms harassment and retaliation ruling against trucking company
The United States Court of Appeals for the Sixth Circuit (which oversees Tennessee, Kentucky, Ohio, and Michigan) recently addressed a trucking company’s liability when an employee sued alleging sexual harassment by the driver trainer, after being terminated. The Sixth Circuit upheld the lower court’s decision against the trucking company finding the trucking company liable for the $150,000 jury verdict.
Background
A trucking company (“company”) hired a female truck driver who did not yet have...