Sign up for The Wire Newsletter!

In The News

Defunct fleet Falcon blames fundraising attempts for not warning drivers of sudden closure

By James Jaillet -
Posted May 10th 2019 1:28PM

Falcon Transport — the roughly 700-truck fleet that suddenly shuttered operations late last month and left its drivers, equipment and freight stranded — says it did not notify employees before its closure because the company was trying to raise capital to keep the business afloat. Notifying employees before its closure would have jeopardized those efforts, the company said in filings to the Ohio Department of Job and Family Services. The company was headquartered in Youngstown, Ohio...