Trucking, logistics and airfreight companies are collectively owed hundreds of thousands of dollars after a Texas freight forwarder filed Chapter 11 bankruptcy earlier this week.
Atlantic Worldwide Shipping LLC of Houston filed its petition in the U.S. Bankruptcy Court for the Southern District of Texas on Tuesday.
In its filing, the freight forwarder lists its assets as between $100,000 and $500,000 and its liabilities as between $1 million and $10 million. The company states that it has up to...
https://www.freightwaves.com/news/texas-freight-forwarder-files-bankruptcy