The clock is ticking for all 34 trucking companies that participated in K-Ratio X’s now-defunct fuel hedging program to sign a universal settlement agreement as six carriers continue negotiations with the Chicago-based company and its team of attorneys.
If an agreement isn’t reached with all of the companies, K-Ratio X may be forced to file bankruptcy, which it wants to avoid, a source familiar with the negotiations told FreightWaves.
K-Ratio X estimated that its losses could be more than $10...