Armchair Industries reposted this
Freight Essentials v. GlobalTranz & Worldwide Express: A Damning Indictment of the Agency Model. This morning, Timothy Dooner keyed me into a lawsuit filed yesterday by Dylan Admire of Freight Essentials containing some pretty wild allegations. Disclaimer: This is just the Complaint & the Defendants have not filed their Answers yet. Everything in this Complaint will remain allegations unless & until we have a finding of fact by the fact-finder. In this case, a jury. Disclaimer over. Let's get into it. GlobalTranz is accused of misrepresenting transportation costs to business development companies (BDCs), which caused them to lose out on their portion of gross margin splits, the commission payments they were contractually entitled to. These costs included fuel surcharges, cargo insurance, & bad debt reserves. A little bit of extra "juice" for the bottom line. This discrepancy was allegedly brought up to the powers that be. Then things got wild. Freight Essentials' largest customers were allegedly poached by Worldwide Express through an extension of a credit of over $1.5 million to one client & credits of $100,000.00 to another. Then Worldwide Express allegedly pretended to have acquired Freight Essentials to further move customers away from the agency. Oh, did I mention that GlobalTranz allegedly had their IT people go in & change access to Freight Essentials' email account & change the 2 factor authentication? Wow. Just wow. Now look, this is just a Complaint. Nothing contained in it is true until proven true. But if you are contemplating agency, you should understand what is being alleged here. There is so much more to unpack. We are just at the beginning, we only have one side of the story. But rest assured, ol' Armchair Attorney® will be following case number 3:24-cv-03104-N closely. Very closely.
-
+3