Seven Carriers File Bankruptcy in One Week Despite Freight Volumes Up 43%
Sparhawk Trucking warns 146 drivers of closure. HelloFresh, GEODIS, FedEx cut 600-plus logistics jobs as small fleets fold under margin pressure.
#Chapter 11
5 posts tagged with this topic.
STG Logistics Clears Final Bankruptcy Hurdle, Exit Set for June
Court approval puts Dublin, Ohio-based carrier on track to emerge from Chapter 11 within weeks after four-month restructuring.
STG Logistics Cuts $1B Debt, Exits Bankruptcy This Month
Court approval clears Dublin, Ohio intermodal marketer to emerge from Chapter 11 with 90% debt reduction and $150M fresh capital.
Dozen Small Carriers and Brokers File Bankruptcy in April Wave
New Jersey 57-truck fleet leads mid-April cluster of Chapter 7 and Chapter 11 filings spanning six states as margins stay tight.
STG Logistics Cuts $1B in Debt, Plans May Exit from Bankruptcy
Intermodal marketing company settles with minority lenders, gains $150M fresh capital and majority ownership shift to Fortress and Invesco.