More than 45 trucking companies are collectively owed hundreds of thousands of dollars after a Texas-based logistics company filed Chapter 7 bankruptcy.
CHAI Freight Logistics of Brownsville, Texas, filed its petition in the U.S. Bankruptcy Court for the Southern District of Texas late last week.
In its filing, CHAI lists its assets as between $50,000 and $100,000 and its liabilities as between $100,000 and $500,000. The logistics firm states it has up to 99 creditors.
https://www.freightwaves.com/news/texas-logistics-firm-goes-belly-up