California-Based Trucking Company That Ships Food And Produce Files Bankruptcy

The war on shipping presses on with the complete shutdown of a trucking company in California, the Navarro Trucking Group, that transported containers from the ports of Los Angeles and Long Beach. The company has filed for a Chapter 7 bankruptcy.

Navarro reportedly also owes a few financial companies over $1.6 million for equipment costs, labeled as secured creditors, per the bankruptcy filing. The biggest one is $499,000 in the form of an COVID-19 Economic Injury Disaster Loan (EIDL) to the the U.S. Small Business Administration. The Payment Protection Program (PPP) loans can be forgivable, the EIDL loans had a two-year buffer window before usury was due.

Navarro, based in Bellflower, California, had 15 power units with the same amount of drivers.

As reported by Freight Waves, ‘In the filing, Navarro, which also hauled refrigerated food and fresh produce, lists assets of $500,000 to $1 million and liabilities up to $10 million. The company, which has up to 49 creditors, maintains that no funds will be available for distribution to unsecured creditors after administrative fees are paid.’

‘It’s unclear why the company was forced to shut its doors. However, drayage carriers continue to be plagued by ongoing supply chain obstacles and uncertainty caused by AB5, California’s controversial independent contractor law,’ Freight Waves added.

The WinePress has reported on the deleterious effects on the California state law simply known as “AB5.” In short terms, the bill essentially removes private contracting in this industry and forces state truckers to become a state employee, thereby forcing private workers and businesses out of work in many cases.

You can read more about it below:

Supreme Court Rules To End Independent Truckers In California, As A ‘Great Purge’ Of Truckers Are Happening At An “Unprecedented Rate”

Californian Truckers Blockade Port In Oakland Causing Further Supply Chain Disruptions

AUTHOR COMMENTARY

As I explained in the first report I did on what AB5 is and what it means for Americans, I noted how it fulfils (including this most recent bankruptcy) these preestablished climate goals, per the Absolute Zero Agenda initiative.

[By 2030] Development of petrol/diesel engines ends; Any new vehicle introduced from now on must be compatible with Absolute Zero. [Afterwards] All new vehicles electric, average size of cars reduces to ~1000kg.
[By 2030] Growth in domestic and international rail as substitute for flights and low-occupancy car travel. [Afterwards] Further growth with expanded network and all electric trains; rail becomes dominant mode for freight as shipping declines.
[By 2030] All airports except Heathrow, Glasgow and Belfast close with transfers by rail. [Afterwards] All remaining airports close.
[By 2030] There are currently no freight ships operating without emissions, so shipping must contract. [Afterwards] All shipping declines to zero.
[By 2030] National consumption of beef and lamb drops by 50%, along with reduction in frozen ready meals and air-freighted food imports. [Afterwards] Beef and lamb phased out, along with all imports not transported by train; fertilizer use greatly reduced.
[By 2030] Rapid reduction in supply and use of all fossil fuels, except for oil for plastic production. [Afterwords] Fossil fuels completed phased out.

Though this company you could argue is on the smaller side, every little bit right now matters and will slowly begin to ratchet up. But when it becomes a massive problem, the media will point the finger at everything but this being a huge cause of it.

But I also wanted to point out the EIDL loan troubles. I think we are going to see more and more companies having to owe massive amounts of debt they will unfortunately never be able to fully payback, which is why those loans were a massive trap when first offered.

He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor.
Proverbs 28:8

[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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