Freight bankruptcies pile up as carriers, logistics firms seek court protection
A new batch of bankruptcy cases includes small fleets, cross-border logistics providers, cold storage operators, freight forwarders and major distributors.
A new batch of bankruptcy cases includes small fleets, cross-border logistics providers, cold storage operators, freight forwarders and major distributors.
From single-truck operators to mid-sized fleets, carriers across the U.S. are filing for bankruptcy as the freight downturn persists.
James Taylor will take his second run at leading a commercial electric truck company as the new CEO of Bollinger Motors.
It’s the end of the line for Electric Last Mile Solutions as it becomes the first transportation SPAC to file for bankruptcy liquidation.
Truck and trailer rental companies and the IRS are collectively owed millions after a Minnesota logistics company filed Chapter 7.
Nearly 420 trucking and logistics companies are collectively owed millions of dollars after a California oil distributor ceased operations and filed Chapter 7.
Several trucking and logistics companies are collectively owed hundreds of thousands of dollars after Consolidated Glass Holdings Inc. and its subsidiaries — J.E. Berkowitz, Shaw Glass Holdings and Columbia Commercial Building Products — shuttered operations and filed Chapter 7 bankruptcy in mid-July.
Legal woes force Illinois trucking company Mardon Trucking Inc. to cease operations and file Chapter 7 bankruptcy this week.
Several trucking and logistics companies are collectively owed hundreds of thousands of dollars after an Indiana brokerage ceased operations and filed Chapter 7.
The owner of two defunct California trucking companies, Royal Flush 89 Transport and Cuevas Transport, filed for Chapter 7 bankruptcy on Wednesday.
An Arkansas-based trucking company, RCX Solutions, filed for Chapter 7 liquidation on Monday, nearly a year after it shuttered operations when it was unable to climb out of debt following a $23 million nuclear verdict.
A California-based trucking and warehousing company, forced to cease operations more than a year ago, filed for Chapter 7 liquidation.
A small trucking company and a logistics firm filed for Chapter 7 bankruptcy protection in late July.
Federal loan during the COVID-19 pandemic couldn’t keep Alabama-based Foster Freights LLC afloat, as it filed for Chapter 7 bankruptcy protection.