RCX Solutions

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.

In 2020, the U.S. trucking industry was turned on its head by a pandemic and an oil glut that forced many small fleets and owner-operators to cease operations or file for bankruptcy protection. Others cited legal woes as the main reason to file Chapter 7 or 11 this year.

A nuclear verdict was “the beginning of the end” for Arkansas-based RCX Solutions, which shuttered operations on March 2.