A New Jersey-based trucking company, cited numerous times for safety violations for both its drivers and equipment, recently filed for Chapter 11.
Fastline Cargo, doing business as FLC, of Cinnaminson, filed its petition on Monday in the U.S. Bankruptcy Court for the District of New Jersey.
In the petition, FLC, which seeks to reorganize, lists both its assets and liabilities as between $1 million and $10 million. The trucking company states that it has up to 99 creditors and maintains that funds...
https://www.freightwaves.com/news/new-jersey-trucking-company-files-for-chapter-11