Layoffs and bankruptcies hit multiple sectors of the supply chain throughout April, as new or soon-to-be-imposed tariffs continue to weigh on freight markets.
Truck & Trailer Leasing AvenueTruck & Trailer Leasing Avenue of Joliet, Illinois, filed for Chapter 11 bankruptcy on April 16 in the U.S. Bankruptcy Court for the Northern District of Illinois.
The company stated in the petition that it has both assets and liabilities of $10 million-$50 million and said that money would be available to pay...