Digital freight broker named Next Trucking furloughs workers after losing key customers; The actual cause? It was in ill-advised sale to a private equity firm (with Next already in financial trouble) and merger with two other trucking companies that firm owned. (Sale took place earlier this year.) - The Great Awakening

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Digital freight broker named Next Trucking furloughs workers after losing key customers; The actual cause? It was in ill-advised sale to a private equity firm (with Next already in financial trouble) and merger with two other trucking companies that firm owned. (Sale took place earlier this year.) (www.freightwaves.com)

posted 58 days ago by Jscholl17 58 days ago by Jscholl17 +22 / -0

Digital freight broker furloughs workers after losing key customers

Digital freight broker Next Trucking and sister trucking company Next Freight Solutions may close after furloughing most of their remaining employees and drivers, according to sources familiar with the situation.

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– orangetastic1 2 points 57 days ago +2 / -0

You can't tell me a PE firm would go through this sort of acquisition and not find out about these shenanigans as part of due diligence. And if it was hidden, then it's fraud and they should be going after the sellers. This whole thing stinks like some sort of cover-up.

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