Another US trucking company announces closure in the worst year in five
ANOTHER substantial trucker Ellenwood, Georgia-based Ready Trucking has ceased operations, reports New York's FreightWaves
ANOTHER substantial trucker Ellenwood, Georgia-based Ready Trucking has ceased operations, reports New York's FreightWaves.
Ready Trucking's Google listing shows the entity as 'permanently closed.' Corporate Google listings are typically managed by a member of a company at Google My Business.
Ready Trucking has 108 power units, 91 drivers and recorded more than 5.6 million miles in 2018 according to the Federal Motor Carrier Safety Administration's SAFER database.
The family-owned company was established in metro Atlanta in 1968, operating as a local cartage company. The carrier began to offer regional service following industry deregulation in 1980.
News of Ready Trucking's closure follows another announcement of private equity-held HVH transportation (344 power units) ceasing operations abruptly.
This has been has been the worst year of profitability in the trucking industry in over five years. Even the downturn of 2016 was not nearly as painful in terms of operating losses.
Nine mid-size and large carriers have shut their doors in 2019 including HVH, NEMF, Falcon, and LME.