Bankruptcy

97-year-old Illinois dairy forced into bankruptcy

A 97-year-old family-owned dairy that offers home milk delivery in glass bottles and operates over 40 ice cream and dairy stores in Illinois and Missouri recently filed for Chapter 11 bankruptcy protection.

Oberweis Dairy Inc., headquartered in North Aurora, Illinois, filed its petition Friday in the U.S. Bankruptcy Court for the Northern District of Illinois. 

In its filing, which seeks to reorganize and restructure the company, Oberweis Dairy lists both its assets and liabilities as between $10...

https://www.freightwaves.com/news/97-year-old-illinois-dairy-forced-into-bankruptcy

Western Global Airlines exits bankruptcy with better balance sheet

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Western Global Airlines has restructured and emerged from bankruptcy protection with its fleet of 19...

https://www.freightwaves.com/news/western-global-airlines-exits-bankruptcy-with-better-balance-sheet

Check Call: The grim future

Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply chain. Check Call the podcast comes out every Tuesday at 12:30 p.m. EDT. Catch up on previous episodes here. If this was forwarded to you, sign up for Check Call the newsletter here.

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Over the course of the past week, the news cycle has his a little closer to home. Convoy is closing up shop, aside from a few workers who were helping facilitate a sale, and now Slync is looking at bankruptcy

https://www.freightwaves.com/news/check-call-the-grim-future

How a fight over 2 jobs bankrupted union of 40,000 dockworkers

In October 2021, Willie Adams, president of the International Longshore and Warehouse Union (ILWU), sat across the table from President Joe Biden at the White House. The two met again at the White House last month, celebrating the new six-year labor contract for America’s West Coast ports.

“I’ve known Willie for a long time,” said Biden after the latest meeting. “I was kidding him: I said I want to know who his haberdasher is. He looks awfully good, doesn’t he? I like that cut.”

Just a few weeks...

https://www.freightwaves.com/news/how-a-fight-over-2-jobs-bankrupted-union-of-40000-dockworkers

Western Global Airlines’ owner investigated for retirement plan conflicts

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The Department of Labor has asked the federal judge overseeing Western Global Airlines’ bankruptcy...

https://www.freightwaves.com/news/western-global-airlines-owner-investigated-for-retirement-plan-conflicts

Bankrupt cargo airline Western Global owes millions to Delta, Lufthansa

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Western Global Airlines acquired more aircraft under the mistaken belief the bull rush in air cargo...

https://www.freightwaves.com/news/bankrupt-cargo-airline-western-global-owes-millions-to-delta-lufthansa

Cargo operator Western Global Airlines files for bankruptcy protection

Western Global Airlines, which operates chartered cargo jets for the U.S. military and other customers, on Monday filed for Chapter 11 bankruptcy protection and announced it will restructure with the help of $77 million in financing from creditors, including bondholders with more than 85% of the outstanding senior unsecured notes.

A bankruptcy restructuring has been expected for weeks because of collapsing revenues, a heavy debt load and the decision by credit rating agencies to pull their...

https://www.freightwaves.com/news/cargo-operator-western-global-airlines-files-for-bankruptcy-protection

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