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Carriers unable to pay drivers, buy fuel after CoreFund Capital closes

Summary by Ground News
Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat. The Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. A judge appointed a receiver on behalf of CoreFund, which may help truckers gain access to funds more quickly.
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FreightWavesFreightWaves

Carriers unable to pay drivers, buy fuel after CoreFund Capital closes

Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat after the company abruptly closed its doors.

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FreightWaves broke the news in on Friday, July 29, 2022.
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