Huge trucking company files for Chapter 11 bankruptcy
The trucking, logistics, and leasing company transports goods in the Midwest, East Coast, and Canada.
The continuing saga of U.S. trucking and logistics industry financial distress has not ended, as more shipping companies have filed for bankruptcy protection this year, seeking to restructure their debts.
Confidence that the trucking industry would improve in 2025 was led by an American Trucking Association annual freight forecast in January that projected truck volumes would grow this year by 1.6%.
