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, Illinois, filed for Chapter 11 bankruptcy on March 13. The company hauls general freight, fresh produce and meat, according to the Federal Motor Carrier Safety Administration’s SAFER website.
The petition, filed in the U.S. District Court for the Northern District of Illinois, listed Hristo Angelov as the president of Nationwide Cargo.
No reason was given as to why…
