PE-backed truckload carrier files bankruptcy. 339 trucks impacted.

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{"text":"In a November 2018 article, private equity firm KJM was described as being “unlike the others” and “having daily involvement in the support functions of the business, allowing the company to implement growth initiatives and improve the customer experience.”\n\nUnfortunately, for the 450 employees and stakeholders of Cold Carriers, a truckload roll-up assembled from four of KJMs acquisitions, the PE firm was not successful in running an asset-based truckload portfolio and filed Chapter 11 bankruptcy on Friday.\n\nRead more: https://www.freightwaves.com/news/pe-backed-truckload-carrier-files-bankruptcy-339-trucks-impacted  ","videos":"[]","link":"{}","pics":"[]","canComment":true}