Wire flash
FinanceTP Freight Lines, a Portland-based less-than-truckload carrier founded in 1922, abruptly suspended operations after failing to make payroll on August 5, 2026. The Teamsters union reported the company was behind on health care premiums and retirement contributions, leaving workers without health insurance for over a month. The company was sold to Mohamed Hegab, a California State University faculty member with no apparent trucking experience, around June 2025. TP Freight's largest customer was the Oregon Liquor and Cannabis Commission. The shutdown follows a pattern of regional LTL carriers closing, including Mountain Valley Express and Standard Forwarding Freight, while national carriers are improving financial results through technology investments and cost reductions.
FreightWavesWestern
TP Freight Lines abruptly shuts down after ownership change, leaving workers unpaid