Chapter 11 bankruptcy filing

Wisconsin trucking company, affiliate brokerage file for bankruptcy

A Merrill, Wisconsin, trucking company and its affiliate brokerage business have filed for Chapter 11 bankruptcy.

Elite Carriers and ECI Inc. filed for bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Wisconsin on Wednesday.

The businesses join three additional companies owned by Kirk Ecklund to file for bankruptcy protection: KLE Equipment Leasing, Olson Equipment Leasing and Wausau Office Space.

According to the bankruptcy filing obtained by FreightWaves, Elite Carriers owes...

https://www.freightwaves.com/news/wisconsin-trucking-company-affiliate-brokerage-file-for-bankruptcy

Georgia carrier disputes top creditors’ claims in bankruptcy filing

BMX Transport filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Georgia on Tuesday.

According to the filing obtained by FreightWaves, the Gainesville, Georgia-based trucking company owes $1 million-$10million in liabilities to between 100 and 199 creditors. The company has $1 million-$10 million in estimated assets.

The two top creditors have claims disputed by BMX. One is a $250,000 unliquidated negligence claim from Rhona Michelle Crenshaw for a vehicle...

https://www.freightwaves.com/news/georgia-carrier-disputes-top-creditors-claims-in-bankruptcy-filing

Detroit carrier joins distributor in large-scale bankruptcy

A Detroit-based grocery-hauling company with over 300 trucks has filed for bankruptcy alongside several partner companies.

SFD Transportation filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas on Monday. The filing was in Texas because a bankruptcy case concerning an affiliate of the debtor was already pending there.

According to the filing obtained by FreightWaves, SFD estimated it has between 5,001 and 10,000 creditors, with liabilities totaling...

https://www.freightwaves.com/news/detroit-carrier-joins-distributor-in-large-scale-bankruptcy

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

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