The largest trucking companies that went bankrupt in 2022 freight recession
2022 brought a recession in the trucking industry, but few large trucking companies declared bankruptcy.
A California trucking and logistics company, which contracts with the U.S. Postal Service to haul mail, recently filed for Chapter 11 bankruptcy protection.
The Erie Railroad is yet another “Fallen Flag.” Read a profile of its history in this FreightWaves Classics article.
Canadian trucking firm People Express Transport was shut down by a court-appointed trustee following a months-long fight over millions of dollars in debt.
A pair of Canadian trucking companies in the Toronto area, Orbit Freight and Delta Carriers, shut down in close succession before their owner filed for personal bankruptcy.
There are too many airlines in Korea’s domestic market to survive, so the government engineered a merger between Korean Air and Asiana.
Canadian heavy equipment hauler secures Chapter 15 bankruptcy protection, clearing the way for the company to court buyers and investors for its trucking and crane assets in Alberta and Texas.
Canadian judge approves heavy-equipment hauler’s plans to operate under creditor protection as CEO urges U.S. bankruptcy court to recognize proceedings.
Trucking and crane services provider pursues interim financing and court approval to market its Canadian and U.S.-based subsidiaries while under creditor protection.
