TTSI goes toes up after losing CA misclassification lawsuits

One of Southern California’s largest port trucking companies has filed for bankruptcy after losing several legal battles with independent-contractor drivers who claimed they should be treated as full-time employees.

Premium Transportation Services Inc., which is known locally as Total Transportation Services Inc., or TTSI, filed for chapter 11 bankruptcy protection on Monday in federal court in Delaware. The company said in a court filing that “downward pricing pressure from some of its major clients over the past year” along with mounting costs of litigation with independent drivers had proven more than it could manage.
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http://www.wsj.com/articles/california-port-freight-hauler-files-for-chapter-11-1458169628

 

Another SoCal port trucking company goes bankrupt:

http://www.wsj.com/articles/port-trucker-pacific-9-seeks-bankruptcy-protection-1461790641