Warehouse closures and bankruptcy filings hit more firms across trucking, logistics, intermodal and trailer businesses.
Freight-sector bankruptcies and layoffs continued piling up in June as carriers and logistics providers cut costs.
The latest wave of trucking bankruptcies highlights the prolonged pressure facing carriers from uneven freight demand, high costs and tight margins.
A dozen small carriers and logistics firms filed for bankruptcy in April, signaling continued stress in the fragmented freight market.
Paladin Capital’s Chapter 11 filing ties together recent truck carrier shutdowns at Robert Bearden Inc. and Quickway Transportation.
Texas International Enterprises filed for Chapter 11 bankruptcy on Dec. 6, warning in court documents that no funds will remain for unsecured creditors after administrative costs.
C & C Freight Network, Best Choice Trucking and Best Logistics Inc. each filed for Chapter 11 bankruptcy protection Monday.
A family-owned Missouri trucking company with 265 trucks and 255 drivers recently filed for Chapter 11 bankruptcy protection.
Kal Freight, a Texas-based trucking company that filed for Chapter 11 bankruptcy last week, does not plan to lay off any drivers.
Less-than-truckload carrier Tony’s Express of Fontana, California, has filed for bankruptcy protection, nearly three months after it terminated 200 truck drivers, dock and warehouse workers, and office personnel via text message.
Terminal operator ICTSI has not given up its quest for tens of millions in damages from the West Coast longshore union.
An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions.
After experiencing two years of record growth during the COVID-19 pandemic, Jacksonville, Florida-based Surge Transportation, a digital freight brokerage, sought to find a buyer and slashed its rates nearly a year before it filed for Chapter 11 bankruptcy protection on Monday.
After experiencing record sales growth during the COVID-19 pandemic, digital freight brokerage Surge Transportation says it was forced to file for bankruptcy protection as it was unprepared for the abrupt decline in product demand and soaring shipping costs that rocked the transportation industry in April 2022.
An Indiana-based trucking company recently filed bankruptcy, more than a month after receiving an unsatisfactory rating from FMCSA.
A Kansas-based trucking company, cited several times for safety violations for both its drivers and equipment, recently filed Chapter 11 bankruptcy.
Trucking, logistics and airfreight companies are collectively owed hundreds of thousands of dollars after a Texas freight forwarder filed Chapter 11 bankruptcy earlier this week.
GDC Technics has laid off 223 workers and filed for Chapter 11 bankruptcy after losing a Boeing contract.
Great Lakes Petroleum Transportation of Alma, Michigan, which hauls crude oil, filed for Chapter 11 bankruptcy protection. The trucking company has 59 power units and 49 drivers.
Truckers are owed hundreds of thousands of dollars after Jamco Services LLC of Midland, Texas, filed for Chapter 11 protection on Wednesday.
