Ease Logistics

[LuckyCharm]

Everything seemed fine with Ease Logistics, but we did some loads for them back in May and still haven’t been paid. They owe us around $10,000. Does anyone know if they’re facing financial trouble or possibly going under?

[Whisper3r]

Yes, they’re definitely in a rough spot. They’re reportedly $20M in debt and unable to pay it back, with several rounds of layoffs, reports of a toxic work environment, unpaid carriers, and downsizing on office spaces. Their HQ construction has even been halted. Don’t be misled by their revenue numbers they’ve been losing cash, and I wouldn’t be surprised if they close soon.

[Solare]

We factor with Apex, and in the past few months, we noticed Ease Logistics’ credit dropped drastically from around $200k to just $5k. That’s a huge red flag for me, and I’ve avoided booking with them since. I hope they eventually pay you what they owe.

[JellyBean]

I’ve heard they’re struggling financially, and they even tried to sell to FST, but FST backed out after reviewing Ease Logistics’ financials and debt load. Sounds like they’re in serious trouble.