Talkcdl Trucking Podcast

TRUCKING COMPANY FIGHT. It looks like a feud between customer and trucking company is heading for a show down. Prior to Loves Furniture filing of bankruptcy, Penske Logistics filed a suit and asserts that Loves was in financial difficulty for several weeks toward the end of 2020, and it was denied access to merchandise that could’ve been seized in response to non-payment. It appears that each blame each other for problems and is heating up for a battle in court. After Penske provided services, Loves started having trouble paying the bill. The total due was over 1.5 million dollars (Im saying that in my Austin Powers voice). One thing this writer was taught back in the day is this. When you are in business you will have what is called your "A B C D E" customers. You're "A" and "B" customers always honor their contract and pay the invoice on time. But you're "C D and E" customers want to renegotiate terms on every invoice they don't see their way. I was taught that you will not be able to stay in business