A Michigan trucking company that hauls crude oil filed for Chapter 11 bankruptcy protection late last week, citing dropping freight revenue, which is down 54% in the first two months of 2021 compared with the same time frame a year ago.
Great Lakes Petroleum Transportation, headquartered in Alma, Michigan, filed its petition in the U.S. Bankruptcy Court for the Eastern District of Michigan last Thursday.
In its filing, Great Lakes lists its assets as between $50,000 and $1 million and its...
https://www.freightwaves.com/news/great-lakes-petroleum-transportation-files-chapter-11