The Economic Ninja
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Central Freight Lines to shut down after 96 years Even with the Trucking Boom & Supply Chain Crisis
Posted
December 12, 2021
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December 12, 2021
56,817
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9:09Now PlayingCentral Freight Lines to shut down after 96 years Even with the Trucking Boom & Supply Chain Crisis.
“Years of operating losses and struggles for many years sapped our liquidity and we had no other place to go at this point,” Kalem told FreightWaves. “Nobody is going to make money on this closing, nobody.”
Central Freight will cease picking up new shipments effective Monday and expects to deliver substantially all freight in its system by Dec. 20, according to a company statement.
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