Another distressed trucking company files Chapter 11 bankruptcy
The Illinois-based freight transportation company files for bankruptcy protection.
The Great Freight Recession continues to force trucking companies to shut down operations and, in some cases, file for bankruptcy to restructure debt and reorganize businesses.
Trucking companies have battled reduced shipping demand, lower freight rates, and rising costs of labor, fuel, and insurance, which have impacted revenues and profits over the last year.
