Matheson Trucking and its affiliates, including Matheson Flight Extenders (MFE) and Matheson Postal Services (MPS), based in Sacramento, are shutting down operations. This decision ends over sixty years of business by the prominent Postal Service contractor.
In the last five months, sources close to the matter have revealed to FreightWaves that the Matheson companies have let go of about 3,500 employees.
Matheson Trucking and Affiliates Shutting Down: A Trail of Bankruptcy and Lost Contracts
Under U.S. law, big companies must tell state and local officials if they lay off many workers. When asked, Matheson Trucking's office had no response.
Records reveal that Matheson Postal Services and Flight Extenders asked for bankruptcy protection in May 2022. Matheson Trucking did the same two months later. This type of bankruptcy usually helps companies rearrange their debts.
However, California's employment department filings show that Matheson Trucking and its related companies are stopping their operations. FreightWaves reports that Matheson lost necessary postal contracts, as mentioned in a letter sent to workers on November 30.
The letter from Matheson companies stated that they had grown a lot in the last five years, both in money earned and employees hired. But, due to recent changes and losing many contracts, they had to file for Chapter 11 bankruptcy and make a tough decision to shut down.
FreightWaves reported that Matheson Flight Extenders had issues with the postal service about running two mail centers in Atlanta and Brandywine, Maryland. After spending $24 million on improving these centers in 2021, Matheson faced trouble getting paid back by the USPS, per FreightWaves.
The job cuts at Matheson Trucking affect a broad range of positions, from truck drivers and mechanics to secretaries, accountants, and even the CEO.
Some employees were let go in early December, while others were told they would lose their jobs on January 30th. Besides its main office in Sacramento, the Matheson group also operates from locations in Metro Air Park and on Bannon Street in Sacramento.
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End of Era Six Decades of Trucking Service
MFE and Matheson Postal Services, both wholly owned by Matheson Trucking, were established by Robert and Carole Matheson in 1962. These family-run businesses have been offering services to the Postal Service since December 1998.
According to the Matheson Inc. website, since 1964, a renowned transportation and logistics company has led U.S. postal logistics. Matheson offers world-class over-the-road, short, and long-haul transportation, logistics, and ground-handling solutions emphasizing health and safety.
With a preferred carrier status for the U.S. Postal Service, the company is a leader in postal transportation services in Northern California.
Excellence, respect, honesty, and teamwork define Matheson. The organization strives to be exceptional, values teamwork maintains ethics, and partners successfully to achieve business goals. Their value approach has continually led to excellent transportation and logistical services.
Matheson Postal Transportation Services, a branch of Matheson Inc., transports freight safely across multiple routes, demonstrating the company's dedication to reliable logistics. Matheson's workers' teamwork and collaboration are crucial for excellent customer delivery daily.
The American postal system benefited from Matheson. The Matheson team has hauled, handled, and sorted mail for 60 years, keeping Americans connected. Matheson's dedication to contributing to the nation's communication and logistics network is seen in its long-standing service.
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