16 trucking companies hit bankruptcy court in less than a month
More than a dozen carriers across the U.S. have sought bankruptcy protection since late August. The post 16 trucking companies hit bankruptcy court in less than a month appeared first on FreightWaves.
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A new round of trucking bankruptcies has swept across the U. S. in recent weeks, with carriers ranging from small owner-operators to fleets operating dozens of trucks seeking Chapter 7 or Chapter 11 protection. At least 16 trucking, delivery and transportation companies entered bankruptcy proceedings between late August and Sept.
21, according to federal court filings and carrier records reviewed by FreightWaves. The filings include Chapter 11 cases involving Globemaster Incorporated, Xoco Transport, Jett Transport & Materials, CLJ Transporting, Mill Creek Logistics-Illinois, RP Hay Hauling, Truckload LLC and Pacer Transport.
Several smaller carriers filed Chapter 7 cases, which typically involve liquidation rather than reorganization. The filings come as trucking companies continue navigating a freight environment marked by rising diesel fuel prices and other elevated operating costs. window. googletag = window. googletag || {cmd: []}; googletag. cmd.
push(function() {var gptSlot = googletag. defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668545404-0'). defineSizeMapping(gptSizeMaps. banner1). addService(googletag. pubads()); googletag. pubads(). enableSingleRequest(); googletag. pubads(). collapseEmptyDivs(); googletag.
enableServices(); setInterval(function() {if (! document. hidden) {googletag. pubads(). refresh([gptSlot]); } }, 30000); }); googletag. cmd. push(function() {googletag. display('div-gpt-ad-1709668545404-0'); }); Xoco Transport enters Chapter 11 Xoco Transport, a Hidalgo, Texas-based carrier, filed for Chapter 11 bankruptcy protection on Sept. 16.
Bankruptcy court filings indicate the carrier has more than 40 tractors, 65 drivers and 70 trailers. Bankruptcy court filings indicate Hidalgo, Texas-based Xoco Transport has more than 40 tractors, 65 drivers and 70 trailers. (Photo: Xoco Transport) Illinois carrier Globemaster files bankruptcy Globemaster Inc.
, a Bolingbrook, Illinois-based long-haul carrier, filed for Chapter 11 protection Sept. 15 in the U. S. Bankruptcy Court for the Northern District of Illinois. The company reported assets of between $500,000 and $1 million and liabilities ranging from $1 million to $10 million. Globemaster operates 51 power units and reported approximately 3.
3 million annual miles in its most recent regulatory filings. The company listed between one and 49 creditors in its bankruptcy filing. Amazon delivery contractor seeks protection CLJ Transporting Inc. , an Auburndale, Florida-based carrier identified as an Amazon Delivery Service Partner, filed for Chapter 11 protection Sept.
15 in the Middle District of Florida. window. googletag = window. googletag || {cmd: []}; googletag. cmd. push(function() {var gptSlot = googletag. defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0'). defineSizeMapping(gptSizeMaps. banner1). addService(googletag.
pubads()); googletag. pubads(). enableSingleRequest(); googletag. pubads(). collapseEmptyDivs(); googletag. enableServices(); setInterval(function() {if (! document. hidden) {googletag. pubads(). refresh([gptSlot]); } }, 30000); }); googletag. cmd. push(function() {googletag.
display('div-gpt-ad-1665767553440-0'); }); CLJ reported assets between $100,000 and $500,000 against liabilities of $500,000 to $1 million. Carrier records list the company with 18 trucks, while the bankruptcy roundup identifies a workforce of 30 drivers supporting last-mile delivery operations in Florida.
Texas construction hauler files Chapter 11 Jett Transport & Materials LLC filed for Chapter 11 protection Sept. 14 in the Western District of Texas. The Somerset, Texas-based company specializes in hauling construction materials and reported assets between $100,000 and $500,000 and liabilities between $500,000 and $1 million.
The company operates about 14 trucks and 14 trailers, according to records included with the bankruptcy information. It was listed with 10 drivers and an active motor carrier registration. window. googletag = window. googletag || {cmd: []}; googletag. cmd. push(function() {var gptSlot = googletag.
defineSlot('/21776187881/fw-responsive-main_content-slot4', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668086344-0'). defineSizeMapping(gptSizeMaps. banner1). addService(googletag. pubads()); googletag. pubads(). enableSingleRequest(); googletag. pubads(). collapseEmptyDivs(); googletag. enableServices(); setInterval(function() {if (!
document. hidden) {googletag. pubads(). refresh([gptSlot]); } }, 30000); }); googletag. cmd. push(function() {googletag. display('div-gpt-ad-1709668086344-0'); }); Carriers in Texas, Illinois, Florida, Arizona and Louisiana are among companies filing for bankruptcy since late August, as financial strain continues to work through the trucking market.
(Photo: Jim Allen/FreightWaves) Mill Creek Logistics seeks reorganization Mill Creek Logistics-Illinois Inc. , based in Lenexa, Kans
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