Mid-States Express, a regional less-than-truckload carrier based in Aurora, Ill., shut down all of its 26 facilities in nine states last week due to a lack of funding,
according to several published reports.
Apparently the bank pulled the company's line of credit. Employees were left wondering if they would get their last paychecks, and according to one report, some paychecks already cut were bouncing. The company had made layoffs in recent months as well as making pay cuts.
The company operated more than 500 trucks and more than 1,000 trailers, according to its web site.
according to several published reports.
Apparently the bank pulled the company's line of credit. Employees were left wondering if they would get their last paychecks, and according to one report, some paychecks already cut were bouncing. The company had made layoffs in recent months as well as making pay cuts.
The company operated more than 500 trucks and more than 1,000 trailers, according to its web site.
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