A 67-year-old Missouri trucking company that hauled mail for USPS shut down and filed for Chapter 7 bankruptcy after losing contracts.
An Alberta trucking company serving the energy sector is seeking creditor protection amid large debts to fuel suppliers, a truck repair shop and Canada’s tax agency.
Trucking companies outbidding each other for drivers using salary and per-mile wage increases are leaving themselves vulnerable when the next economic downturn hits, the American Trucking Association’s chief economist warns. Bob Costello told the Motor Carrier Safety Advisory Committee (MCSAC), part of the Federal Motor Carrier Safety Administration, that while the ongoing pay increases in […]
The remaining assets of bankrupt trucking company Comcar Industries will be liquidated through two trusts, leaving little for unsecured creditors.
Insurance costs climbing as awards and amounts increase.
ENTREC begins soliciting offers for ENTREC Cranes and Heavy Haul in the U.S. and ENT Oilfield Group in Canada under creditor protection in both countries.
Canadian judge approves heavy-equipment hauler’s plans to operate under creditor protection as CEO urges U.S. bankruptcy court to recognize proceedings.
Trucking and crane services provider pursues interim financing and court approval to market its Canadian and U.S.-based subsidiaries while under creditor protection.
Buyers are considered “stalking horses” under section 363 of bankruptcy law,
Celadon Group says White Willow Holdings made the most viable offer for its Mexico trucking and logistics subsidiaries after a proposed sale to P.A.M. for $7 million fell apart, according to court filing.
