Is PMTG Closing Their Doors?

I am of the opinion that the reinvention has already occurred. I see it this way, we are going through what freight did ten or fifteen years ago with online brokers, mass consolidations and high driver churn.

Equipment is becoming easier to load every day with quick loaders and strap trucks, computers plan your stops and in some cases even how to load the truck, self driving cars will pull themselves from the que and line up in a loading bay within 5 years. In years past you had to know someone to get a shot at a seat with a good company, or in the case of fleet owners to get in the pool of carriers. Today all you need is an internet connection, operating authority and a pulse. Have two out of three that is ok they will work around it!

The industry has changed, so it is us career drivers, small carriers and other old timers that will have to find our own niche or adapt and overcome the new ways just to survive. Sadly I am not going to be a driver or owner much longer, my last truck is up for sale and I am concentrating on supporting trucking companies with my compliance consulting and safety training company. 25 years was enough, it was a great run and I wouldn't trade it for anything but it is time to adapt and overcome. I chose to evolve into an educator and support agent.

 

I totally agree. It is following the path of freight. It is a race to the bottom sadly.

 

I had an independent I was talking with this weekend tell me Moore was in trouble.
He didn’t reveal his source, but just chatting with him told me this guy has been hauling cars for a while.
Not saying he was right or wrong but he clearly wasn’t some clueless goof just spouting off.
Haven’t heard a thing about PMTG.

 

Too big, too fast, and cut too many rates is what he was saying.
I personally have no idea one way or another.

Moore and Virginia are on my short list if I ever get back into it...

 

You have to remember PMTG were partnered with or under the same umbrella investment group with Metrogistics in 2014 along with McNutt. Why keep the rolling stock & drivers when you can sub stuff out for pennies on the dollar? As for McNutt, do not think they kept a single employee from their group.
https://automotivelogistics.media/n...-mcnutt-will-partner-as-asset-medium-provider

 

I know for a fact that pmtg is struggling financially for last 8 years. Getting into serious debt doesn't happen overnight especially for a big company

 

Any updates? Keep hearing the question and have not heard a firm answer.