A family-owned trucking company has announced its closure following a failed attempt to find a buyer after filing for bankruptcy. The business owes a significant amount to its lender, which contributed to its inability to continue operations. This closure will result in the permanent layoff of 74 employees. The company has begun liquidating its equipment as part of the formal winddown process. Notices were also sent to independent contractor drivers as a precautionary measure.
Wisconsin Rapids, Wisconsin
https://www.wjfw.com/news/local/family-owned-sparhawk-trucking-closing-doors-with-74-employees-being-laid-off/article_5679aa00-880e-4ecb-a7a4-98ee657dddcc.html