NewsUS Logistics Solutions files for liquidation with some 2,000 job losses

June 24, 2024by 0

US Logistics Solutions, formerly known as Forward Air Solutions, has filed for Chapter 7 bankruptcy, with the loss of some 2,000 jobs.
According to the filing, the company has between 1,000 and 5,000 creditors, with estimated liabilities of between $100m and $500m. Estimated assets are between $50m and $100m.
Former staff said on social media that they were told via text and calls on Thursday that private equity owner Ten Oaks Group …

The post US Logistics Solutions files for liquidation with some 2,000 job losses appeared first on The Loadstar.

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