18:15 ETMontgomery Transport Placed Into Receivership: Founder Issues First-Person Account
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Rollins Montgomery, founder of Montgomery Transport, has shared a first-person account detailing the company's placement into receivership after a shift to private equity control. He emphasizes that the company's operational history was strong prior to its 2022 sale and clarifies that the receivership is not due to failures of its drivers or employees. Montgomery highlights changes in decision-making and financial controls post-ownership transfer and distinguishes receivership from bankruptcy. He aims to honor those impacted and apply lessons learned as he moves forward with a new venture, Second Mile Transport.
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