Chapter 11 bankruptcy filing

Texas trucking company, affiliates file for bankruptcy

A Henderson, Texas, business owner has filed bankruptcy for three businesses, including a trucking company.

According to court documents obtained by FreightWaves, Billy J. Townley filed Chapter 11 bankruptcy for his three companies on Wednesday: TLC Transportation, Townley Pallet Manufacturing, and W.D. Townley and Son Lumber Co.

All three filed for Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Texas.

W.D. Townley and Son Lumber Co. manufactures pine and hardwood pallets,...

https://www.freightwaves.com/news/texas-trucking-company-affiliates-file-for-bankruptcy

Pennsylvania Trucking Company Archivos del Capítulo 11 Bancarrota

Turk Transportation se declaró en bancarrota del Capítulo 11 el martes en el Tribunal de Quiebras de los Estados Unidos para el Distrito Oeste de Pensilvania. La compañía con sede en Carnegie, Pensilvania, propiedad de Mehmet Uzun, ofrece servicios de carga generales interestatales, según la...

https://fullavantenews.com/pennsylvania-trucking-company-archivos-del-capitulo-11-bancarrota/?lang=es

Pennsylvania trucking company files Chapter 11 bankruptcy

Turk Transportation filed for Chapter 11 bankruptcy on Tuesday in the U.S. Bankruptcy Court for the Western District of Pennsylvania. 

The Carnegie, Pennsylvania-based company, owned by Mehmet Uzun, offers interstate general freight services, according to the Federal Motor Carrier Safety Administration’s SAFER website. 

According to Turk Transportation’s four-page voluntary petition, the company has up to $1 million in assets and liabilities of between $1 million and $10 million. The petition...

https://www.freightwaves.com/news/pennsylvania-trucking-company-files-chapter-11-bankruptcy

Proterra’s surviving businesses may shed bankruptcy stigma  

The stigma of going through bankruptcy is real, whether personal or corporate. But sometimes, it turns out OK. Consider Proterra Inc., a maker of electric transit buses, battery packs and a developer of charging infrastructure.

Several startups in the electrification space ran out of financial runway. They either disappeared or were absorbed by other companies. Proterra’s electric transit bus business tasted early success after launching in 2004. Investors like automaker General Motors’ venture...

https://www.freightwaves.com/news/proterras-surviving-businesses-may-shed-bankruptcy-stigma

California trucking company Kal Freight files for Chapter 11 restructuring

Kal Freight Inc., a leading provider of hauling and logistics solutions in the trucking industry, announced Thursday that it and certain affiliated companies have voluntarily filed for Chapter 11 bankruptcy protection in the Southern District of Texas.

It is unclear as to why the company is filing in Texas rather than California, where the company was founded. 

This strategic move aims to restructure the company so it can emerge as a stronger entity, the company said. Kal Freight emphasized in a...

https://www.freightwaves.com/news/california-trucking-company-kal-freight-files-for-chapter-11-restructuring

Georgia-based trucking company files for bankruptcy

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A 25-year-old Georgia-based trucking company, which has 60 drivers and 33 power units, recently...

https://www.freightwaves.com/news/georgia-based-trucking-company-files-for-bankruptcy

Bankrupt Proterra delays auctions of electrification businesses

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Bankrupt electric bus, battery and infrastructure developer Proterra Inc. has delayed the auction...

https://www.freightwaves.com/news/bankrupt-proterra-delays-auctions-of-electrification-businesses

Who wants a piece or two of Proterra?

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Those surprised by Proterra Inc.’s Chapter 11 bankruptcy filing earlier this month probably should...

https://www.freightwaves.com/news/who-wants-a-piece-or-two-of-proterra

Cash-poor transportation startups gambling for fresh capital

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As transportation and electrification startups struggle to raise capital, they are increasingly...

https://www.freightwaves.com/news/cash-poor-transportation-startups-gambling-for-fresh-capital

Proterra won’t fight Nasdaq delisting following bankruptcy filing

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Electric bus and battery maker Proterra Inc. won’t fight its Aug. 17 delisting from the Nasdaq as it...

https://www.freightwaves.com/news/proterra-wont-fight-nasdaq-delisting-following-bankruptcy-filing

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