Struggling trucking company files for Chapter 11 bankruptcy
The Texas-based trucking and logistics company files for bankruptcy to reorganize.
Trucking and logistics companies have faced severe economic distress over the last three years as they continue to navigate the Great Freight Recession.
Companies have identified several issues that have led to financial problems, including reduced shipping demand, lower freight rates, and rising costs of labor, fuel, and insurance, which have impacted revenues and profits.
