Rutherfordton, North Carolina-based FreightWorks Transportation & Logistics, a transportation company specializing in temperature-controlled refrigerated trucking, hazmat shipping, and logistics services, has announced its closure and cessation of operations.
The decision will impact approximately 200 employees, including 140 drivers.
According to a company spokesperson, “several major customers demanded massive rate and volume concessions in the last week that far exceeded the scale of what we could absorb.” The tipping point occurred when one of the company's largest contract customers reduced a significant percentage of their business.
“Our first priorities are to our employees, our customers, and our creditors. Based on recent events, the most responsible path forward is to wind the company down in an expedited manner. We want to make sure employees are paid, loads are delivered and other financial disruption is minimized. We express our deepest gratitude to our team for their dedication, loyalty, and exceptional service.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?