A trucker company in Alabama filed bankruptcy due the consequences of the tariffs.
I was wondering what your opinion might on the matter due trucking is basically the roadwork of trade in the US and what it can mean long term.
Context: Mutha Trucker, a YouTube news source covering the trucking industry has reported that Montgomery Transport LLC, a Birmingham, Alabama-based trucking company, filed for Chapter 7 bankruptcy and ceased operations effective immediately. 1000 employees out of work as trucker files for bankruptcy
The sudden shutdown has left hundreds of drivers stranded across America as the company’s leadership instructed them to halt operations. This abrupt closure represents a significant disruption in the trucking industry and has created immediate challenges for both drivers and clients dependent on Montgomery’s freight services.
1000 employees out of work as flatbed operator files for bankruptcy
byu/Adreastia instocks
Posted by Adreastia
18 Comments
Thots and prayers
How can tariffs cause bankruptcy. It will create more jobs.
How can tariffs cost jobs, China was supposed to pay for them? HAHAHAHAHAHAHAHAHAHA
Some rich fuck(s) will probably buy it up for pennies on the dollar, some corporation will grow even larger to fill the void, same giant corpo who benefits will then raise prices because they can, and life will go on.
Doubtful that was the cause
China pays the tariff, why isn’t China paying the truck drivers that voted for Trump? Cmon Ghina!
All the truckers can now sell their trucks and cargo for parts?
A company won’t go bankrupt from 3 months of tariffs, this has been happening for a few years
It’s “sudden shutoff” on what tariff?
Companies don’t just go under like that. It’s likely a long running business issue that the owner didn’t feel like it was a “good time” to release the news. The tariff disruption provided the excuse needed.
They voted for it. Fucked around and found out
What’s the ticker
The devil is closer than you think
FAFO MAGAs
What does this have to do with stocks?
Truck drivers are one of the highest % careers for maga voters.
Nothing was said about tariffs.
News reports say it was because of a failed sale to another company that fell through.
Terrible news, and the company obviously didn’t plan for the deal to fall apart.
In 2025 company earnings are showing strong growth with S&P 500 expected to grow 10.9% YoY, so to blame this on tariffs is disingenuous at best, and fake news at the least.
Trucking companies operate on leverage and extremely low margins. They need to be run well to survive.
This is more than tariffs. This is because a private equity decide to exit and then the P&S deal falling thru