Key trucking stories in 2024

2024 was another brutal year for trucking companies and freight brokerages. Thousands of firms called it quits, sought bankruptcy protection or both. Fraud-related stories also dominated the headlines. FreightWaves looks back at some of the year’s key stories. Illinois-based Nationwide Cargo Inc. files for bankruptcy Founded in June 2010, Nationwide Cargo Inc. of East Dundee,…

Didsbury Gin owner enters liquidation

Manchester-based Alderman’s Drinks, the company that produces Didsbury Gin, has gone into liquidation after owing its creditors nearly £200,000 (US$245,877). R-L: Mark Smallwood and Liam Manton, Didsbury Gin co-founders Didsbury was founded by best friends and gin lovers Liam Manton and Mark Smallwood in 2017, who according to the brand’s website, wanted to ‘take gin…

Nuvoco Vistas to Acquire Vadraj Cement Via Insolvency Route

A Memorandum of Understanding (MoU) has been signed between the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry and JK Cement, a leading manufacturer of grey and white Cement, to usher innovation, empower entrepreneurs, and strengthen India’s manufacturing ecosystem. According to DPIIT, this strategic collaboration aims to transform India into…