An Illinois trucking company, cited several times for hours-of-service (HOS) violations, shuttered operations and filed Chapter 7 bankruptcy in mid-May.
B & B Logistics Inc., headquartered in Elmhurst, filed its petition in the U.S. Bankruptcy Court for the Northern District of Illinois on May 13.
The trucking company, which once had 17 drivers and 19 power units, ceased operations nearly a year ago after its authority was revoked by the Federal Motor Carrier Safety Administration (FMCSA).
In December 2019, B & B Logistics received a conditional safety rating from FMCSA after undergoing a compliance review a few months earlier. Prior to the carrier ceasing operations, it had been cited multiple times for false reports of drivers’ record-of-duty status, failing to maintain an electronic logging device instruction sheet and record-of-duty status violations.
In its filing, B & B Logistics lists its assets as up to $50,000 and liabilities as between $1 million and $10 million.
The shuttered trucking company states that it has up to 99 creditors. The company maintains that no funds will be available for unsecured creditors once it pays administrative fees.
Among B & B Logistics’ top 20 unsecured creditors are Transport Enterprise Leasing LLC of Chattanooga, Tennessee, owed more than $383,000 for truck leases; Pilot Travel Centers LLC of Birmingham, Alabama, owed more than $59,000 for fuel; and MAT Transportation Inc. of Chicago, owed over $8,100.
Creditors with secured claims include Daimler Truck Financial of Carol Stream, Illinois, owed more than $312,400; Amur Equipment Finance of Grand Island, Nebraska, owed more than $138,000 for two 2016 Freightliners; and Mercedes-Benz Financial Services of Carol Stream, which is owed nearly $49,000.
Aleksandar Perisic, the owner and CEO of B & B Logistics, did not respond to FreightWaves’ request for comment. His attorney, Eric Zelany, also did not return FreightWaves’ request for comment.
Legal woes
B & B Logistics is currently facing five breach-of-contract lawsuits, including two filed by Compass Equipment Finance, one by Transport Enterprise Leasing, one by On Deck Capital, as well as one by American Express National Bank.
A creditors meeting is scheduled for June 8.
Got a tip? Contact Clarissa Hawes at chawes@www.freightwaves.com.
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Chris
Well after looking at the loans I can see why. AMUR and many others are predator lenders with horrible rates and lending options normally in citiations where you cant even claim your equipment because its their name on the equipment till paid in full.
Its companies like this that the FMC is looking to weed out. Bad buisness practices, bad choices.
Also it’s very easy to work outside of frieght state to state if they were really hurting they could have easily liquidated and done some local construction.
Dale B Gibson
Watch these things closely, we are losing our livelihood and our country to outside interests and our government has no desire to stop it. This industry will be collapsing little by little, and with it goes the economy and lots of jobs. Who will deliver goods to these huge new warehouses going up like mad all over the country? And to mom and pop?
Tcs53
These Russian/Albanian/Polish sleaze ball outfits are all over the Chicago area. Rules don’t apply to them,they have no conscience.
Mitruck
Another Russian mobster taking advantage of the system, if you new guys talk to any woman with a European accent looking for drivers, hang up the phone. It sounds to good to be true because it is.
Mike
I am sure Aleksandar is just fine, he now operates as B & C Logistics… See it all the time out here, the Eurotrash have multiple DOT entities to run under. Me, I would be in prison.
Niko
Another Euro mob bustout scam! Check his safe for cash.