What Are the REAL Reasons Behind the Collapse of Alex Logistics?

How Did a $20 Million Company Fall Apart?

July 3, 2019 – Reporter and investigator Bobby Axelrod has been looking for information on the Alex Logistics company. While the company had $20 million in assets, there exists a significant concern over how the company managed to collapse so quickly.

Axelrod spent three months investigating the company and how it fell apart. As it turns out, the reason for the collapse came from the fraud committed by the company’s dispatchers. These include Serhii Marchenko, Nazar Parshev, Tarandeep “Troy” Singh and Helena “Gelena” Rubina.

The dispatchers were caught on camera at their company warehouse. They planned to steal a truckload of ELD lamps. This would help them to get a boost on their funds and to start up their own trucking companies possibly. The lamps were being sold on the black market as a means of raising funds in question.

The alarming discovery from Mr. Axelrod found that there are also some issues where Alex Logistics was working to avoid returning containers. The  rail ramps and drivers were HAULING Many drivers were dispatched by company dispatchers in 2018 to fake locations as a means of making it look as though they were putting in an extra amount of effort in their work. Many of these places were around the Chicago area with no real pattern involved.

The company's owners were unable to recover the losses that they had encountered in the process. They were charged more than $400,000 for the losses involved. This included charges from railroads and steamship lines that were responsible for handling many of the efforts that did not exist.

The final step has been taken by RTS Financial, a transportation factoring company which About $350,000 of cash were frozen and the company still not able to recover.

The owners were subjected to far too much drama, and questionable employees ended up doing more to destroy the company than anything.

The website for Alex Logistics is no longer operational. It is through the unfortunate activities found in the Axelrod investigation that the company has become a thing of the past. This is especially unfortunate, as the company has an immense amount of money to work with.

The company used to employ 140+ people.

Tweet

More News From travellersea.com

Union votes to strike at General Motors' US plants

Sep 15, 2019

DETROIT — The United Auto Workers union announced Sunday that its roughly 49,000 workers at General Motors plants in the U.S. would go on strike just before midnight because contentious talks on a new contract had broken down. About 200 plant-level union leaders voted unanimously in favor of a walkout during a meeting Sunday morning in Detroit. Union leaders said the sides were still far apart on several major issues and they apparently weren't swayed by a GM offer to make new products at or near two of the four plants it had been planning to close, according to someone...

Paris sees biggest transport strike in decade over pensions

Sep 15, 2019

PARIS — The biggest strike to hit Paris public transport since 2007 created major traffic jams Friday, disrupting tourists' plans and forcing commuters to work from home or find alternative ways to reach the office. French unions were protesting plans for sweeping pension changes by President Emmanuel Macron's government that aim to create a universal pension system, instead of having different pension rules for different jobs. Critics say that will do away with some transport workers' right to retire early. The fight against the pension changes now includes plans for pilots, nurses and lawyers to strike and protest Monday. Paris...

Vaping group plotted lobbying efforts at Trump's DC hotel

Sep 15, 2019

NEW YORK — America's vaping industry has in recent years taken its fight to fend off regulation directly to President Donald Trump's doorstep, with a lobbying group twice booking annual meetings at his Washington hotel and e-cigarette maker Juul hiring two of his former White House officials. In 2017 and 2018, the Vapor Technology Association met at Trump's hotel to strategize how to lobby the administration, with a Republican lawmaker at one conference advising it to emphasize jobs created by the growing industry and how regulation could devastate hundreds of small vaping businesses. An intensive, multimillion-dollar lobbying effort by the...

Proposal would buy bus tickets for Seattle-area homeless

Sep 15, 2019

SEATTLE — As the Seattle area tries to tackle its homelessness crisis, an official wants to spend $1 million to expand a strategy of buying bus tickets out of town for people living on the streets. The concept of sending homeless people back to where they say they're from or may have support has been in place for decades in parts of the U.S. struggling to get people off the streets. Big cities like San Francisco and New York and smaller communities like West Palm Beach, Florida, have such programs. The city of Seattle and community organizations already offer free...

San Francisco's iconic cable cars to shut down for repairs

Sep 15, 2019

SAN FRANCISCO — San Francisco's iconic cable cars will stop running for 10 days starting Friday while they undergo the final repairs in a three-year restoration project of the gearboxes that propel the world-famous system up the city's notoriously steep hills. Shuttle buses will run along the three cable car routes where historic cars typically travel at a steady 9.5 miles (15 kilometers) per hour, the San Francisco Municipal Transportation Agency said Wednesday. The agency says it needs to get the manually operated cable cars off the streets to rehabilitate the gearboxes that power the system that started in the...

Traveller SEA (South-East Asia) is for wanderlust looking for an adventure in the South-East Asia region and the rest of the world.

Contact us: sales@tvlseacom.com