92-year-old Texas trucking company files for bankruptcy liquidation [Yahoo! Finance]
MITSUBISHI HC CAPI UN/ADR (MIUFY)
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Source: Yahoo! Finance
Three affiliated companies — Parker Global Enterprises, Parker Transport Co. and DVP Holding Corp. — also filed for Chapter 7 liquidation in the U.S. Bankruptcy Court for the District of Delaware. In February 2022, Arnold Transportation was acquired by Pride Group Logistics , an affiliate of Pride Group Holdings of Mississauga, Ontario, one of Canada's largest trucking and leasing companies. Pride Group and its affiliates, including the four companies listed above, filed for creditor protection on March 28 in Canada , citing a capacity glut and low rates. Pride Group stated in court filings that “Arnold has not been profitable and therefore Pride Logistics has been funding Arnold operations. Some of Arnold's dispatchers are paid through Pride Logistics payroll.” Arnold Transportation had 341 truck drivers and 402 power units at the time of its closure, according to the Federal Motor Carrier Safety Administration's SAFER website. FreightWaves reported in April that Pride Group
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