Court of Appeals Rules in Favor of Activist Route Consultant and Against FedEx Ground April 15, 2024 On April 1, 2024, the Court of Appeals for the Sixth Circuit affirmed the District Court’s ruling, denying FedEx Ground’s claims that Route Consultant Inc. have published false or misleading statements about FedEx Ground (“FXG”) Route Consultant Inc. provides consultancy and brokerage services that are led by Spencer Patton, who was also a contractor for FedEx Ground, who owned several independent services providers (“ISPs”) with FXG. In August 2022, Route Consultant Inc. went on a promotional campaign, in which Patton...
NY FedEx Contractor Declares Second Bankruptcy in Seven Months March 1, 2024 CBS Trucking Inc., of Newburgh, NY, filed a Chapter 11 Petition in U.S. Bankruptcy Court, Poughkeepsie on February 7, 2024. This comes shortly after CBS initially filed for Chapter 11 bankruptcy protection in June 2023. CBS intention in its petition is to successfully reorganize its debts and emerge as a profitable residential package delivery service. According to CBS, it experienced a decrease in revenue after it lost one of its FedEx contracts in 2021. This resulted in a default on...
