Missouri trucking company with 255 drivers files for bankruptcy

RBX Inc. lists $50,000 in assets and liabilities as high as $50M

RBX Inc. of Strafford, Missouri, has filed for bankruptcy protection. (Photo credit: Jim Allen/FreightWaves)

Key Takeaways:

  • Missouri trucking company RBX Inc. filed for Chapter 11 bankruptcy, citing assets up to $50,000 and liabilities between $10 million and $50 million.
  • The company, which hauls freight across the Midwest and Southeast, will likely not have funds available for unsecured creditors after administrative fees.
  • RBX's safety record shows higher-than-average truck out-of-service rates (25% vs. 22.3% national average) and a history of accidents (two fatal, eight injury, and 17 tow-aways in two years).
  • The reason for bankruptcy was not specified in the filing; the court has ordered RBX to submit detailed financial information by December 27th.

A family-owned Missouri trucking company with 265 trucks and 255 drivers recently filed for Chapter 11 bankruptcy protection.

Founded in 1983 by Randall Walker, RBX Inc. of Strafford, Missouri, hauls general freight, beverages and paper products, according to the Federal Motor Carrier Safety Administration’s SAFER website. 

The petition, filed in the U.S. Bankruptcy Court for the Western District of Missouri, on Friday, lists James A. Keltner as CEO of RBX. 

No reason was given as to why the carrier filed for bankruptcy protection, but it seeks to reorganize, according to the petition.

RBX, which hauls freight through the Midwest and Southeast, lists its assets as up to $50,000 and its liabilities as between $10 million and $50 million. The petition lists the number of creditors as up to 199 but did not include the amounts they are owed in its bare-bones petition. 

To continue reading this article...

Already have an account? Sign In

Create a Free Account

No payment required

By signing up with your email, you will receive newsletters, special offers, and occasional third-party promotions from FreightWaves.com and its family of brands.

    Need Help? Contact Us

    Clarissa Hawes

    Clarissa has covered all aspects of the trucking industry for 18 years. She is an award-winning journalist known for her investigative and business reporting. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. If you have a news tip or story idea, send her an email to chawes@firecrown.com or @cage_writer on X, formerly Twitter.