A Georgia-based trucking company, Newsome Trucking, which has 60 drivers and 33 power units, recently filed for bankruptcy protection.
Proterra Inc. has extended the bankruptcy auction dates for its three electrification business units while it continues in business.
Proterra customers are sanguine about the electric bus and battery maker’s bankruptcy reorganization. They expect deliveries to continue.
Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital.
Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan.
Cash-strapped electric bus and battery maker Proterra Inc. sought bankruptcy protection Monday and plans to operate during reorganization.
Several trucking companies, logistics firms and cold storage facilities are collectively owed millions of dollars after an Iowa-based meat importer filed for Chapter 11 bankruptcy protection recently.
Instapay, a factoring company, and its parent company Flexible Funding are seeking Chapter 11 bankruptcy protection, according to court filings with the U.S. bankruptcy court in Fort Worth, Texas.
An Ohio-based transportation company and three of its trucking company affiliates filed for Chapter 11 bankruptcy protection, despite receiving PPP loans through the U.S. Small Business Administration to stay afloat during the pandemic.
GDC Technics has laid off 223 workers and filed for Chapter 11 bankruptcy after losing a Boeing contract.
Michigan-based DIS Transportation and DIS Express file for Chapter 11 protection after working with a consultant for more than a year to improve operations.
A Texas-based carrier, Grimmett Brothers Inc., recently filed for Chapter 11 bankruptcy protection, owing small trucking companies thousands.
Texas trucking company FALC Enterprises filed for Chapter 11 bankruptcy in El Paso on Sept. 11.
Kentucky lumber processor filed for bankruptcy, leaving several flatbed carriers in the lurch for thousands in unpaid freight bills.
Airlines are sweating the coronavirus pandemic despite the recent upturn in travel. El Al says it might fail and Aeromexico went the bankruptcy route.
The family-owned company, which filed for Chapter 11 bankruptcy protection, has been in business since 1994 and has 23 employees.
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
Days after thousands of employees and truck drivers for Celadon Group Inc. received word that one of North America’s largest carriers was filing for Chapter 11 bankruptcy protection, many are still struggling to take in the news.
The official announcement followed a chaotic weekend of credit, customer, and driver issues,
A Durham, North Carolina-based logistics company filed for Chapter 11 bankruptcy reorganization on June 13.
