Bankruptcy

Deluxe Express filed for bankruptcy protection, citing skyrocketing insurance rates, fatal crash.

Airlines are sweating the coronavirus pandemic despite the recent upturn in travel. El Al says it might fail and Aeromexico went the bankruptcy route.

Some small and mid-size airlines are filing for bankruptcy, or going out of business. Lufthansa is a major airline and it too is on the ropes.

LATAM Airlines Argentina is closing, but the move won’t impact international travel.

The Illinois-based carrier is being sued by its principal lender and landlord for failing to pay its financial obligations.

LATAM Airlines is looking for protection from creditors as it downsizes, something that all airlines are trying to figure out how to do in the face of a pandemic that has wiped out travel demand.

Car rental giant Hertz files for Chapter 11 bankruptcy protection after failing to reach an agreement with creditors; blames COVID-19 pandemic for economic freefall

Abduvosit Razikov, chief executive of DM World, who was individually named in the breach-of-contract lawsuit, isn’t new to the trucking industry, having started at least four companies in Florida since 2008.

Buyers are considered “stalking horses” under section 363 of bankruptcy law,

A U.S. federal court on Monday agreed on an interim basis to Avianca Holdings SA’s initial motions to voluntarily reorganize under court-supervised bankruptcy protection. Latin America’s second-largest airline sought bankruptcy over the weekend in an effort to continue operating as a smaller company, saying the shutdown of its passenger network because of the coronavirus pandemic […]

Bankruptcy law changes passed just in time; will trucking companies use them?

People go to the hospital to get better from coronavirus. Avianca is going to a different emergency room – bankruptcy court., so it can downsize in a safe way . It is a major Latin American carrier with a cargo division that operates its own fleet of freighters.

The timing of the law is perfect for an industry that needs help.

Small fleets file for Chapter 7 bankruptcy in April

Social distancing will wreak havoc on trans-Pacific and Asia-Europe box volumes.

How drivers are dealing with coronavirus, TQL layoffs and legal implications, staffing in a crisis and more on today’s podcast

Rolling cuts are roiling the airline industry, which is seeking a federal bailout to stave off workforce reductions

Anthony Levandowski still faces criminal charges after federal prosecutors allege he stole secrets about Google’s self-driving arm.

Court orders pave the way for bankrupt Celadon to move forward with existing deals to sell two Canadian properties of Hyndman Transport for a combined C$16.25 million — with a portion set aside for former truck drivers and other personnel.

Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November 2019, and for fear that future access to the shared IT system would again be blocked, and the failure to remit millions of dollars in […]