Texas-based U.S. Logistics Solutions has filed for bankruptcy liquidation, stating that its lender pulled the plug on its funding, which forced the company to shutter operations Thursday and left a disputed number of truck drivers, dock and warehouse workers, and sales and office personnel without jobs.
In a statement to FreightWaves Tuesday, a spokesperson for Ten Oaks Group, the private equity firm that owned the company, said its “third-party lender refused to move forward with financial...