trucking bankruptcies

The largest trucking companies that went bankrupt in 2022 freight recession

A 67-year-old Missouri trucking company that hauled mail for USPS shut down and filed for Chapter 7 bankruptcy after losing contracts.

An Alberta trucking company serving the energy sector is seeking creditor protection amid large debts to fuel suppliers, a truck repair shop and Canada’s tax agency.

Trucking companies outbidding each other for drivers using salary and per-mile wage increases are leaving themselves vulnerable when the next economic downturn hits, the American Trucking Association’s chief economist warns. […]

The remaining assets of bankrupt trucking company Comcar Industries will be liquidated through two trusts, leaving little for unsecured creditors.

Insurance costs climbing as awards and amounts increase.

ENTREC begins soliciting offers for ENTREC Cranes and Heavy Haul in the U.S. and ENT Oilfield Group in Canada under creditor protection in both countries.

Canadian judge approves heavy-equipment hauler’s plans to operate under creditor protection as CEO urges U.S. bankruptcy court to recognize proceedings.

Trucking and crane services provider pursues interim financing and court approval to market its Canadian and U.S.-based subsidiaries while under creditor protection.

Buyers are considered “stalking horses” under section 363 of bankruptcy law,

Celadon Group says White Willow Holdings made the most viable offer for its Mexico trucking and logistics subsidiaries after a proposed sale to P.A.M. for $7 million fell apart, according to court filing.

Profitability is the key to any business staying in business. In trucking it is harder than in many other businesses. Chris Henry explores the “trucking profitability paradox.”

CEO John Babic says Canadian oil and gas services firm was trying to ride out a slowdown in spending in a struggling industry, but his lender ran out of patience.

The bankruptcy of several trucking firms has impacted capacity and U.S. trailer availability in Mexico, forcing companies to look at different ways to keep freight rates low.

Celadon Group argues payouts will maximize value during the wind-down of its North American trucking businesses, but the proposal faces resistance from a U.S. federal trustee.

A number of readers responded to Brian Aoaeh’s 12/26/19 “Commentary: Trucking industry observations heading into 2020.” His current commentary features some of those responses and information from Anthony Campo, a trucking industry veteran.

Trucking companies cite a weak freight market and soaring insurance and equipment costs as reasons some fleets did not survive the economic downturn in 2019.

FreightWaves founder and CEO Craig Fuller writes about the issues the trucking industry dealt with in 2019 and what is ahead in 2020.

Ben Thrower writes about what most in the trucking industry know – 2019 was a tough year for almost everyone.

Brian Aoaeh writes about key trucking events in 2019 and looks ahead to 2020.

Employees’ and contractors’ struggles with Celadon-owned Hyndman over outstanding pay and questions about the fate of leased trucks are compounded by the lack of legal proceedings in Canada, but that could change.

Last Friday, December 6, FreightWaves reported that Celadon intended to file Chapter 11 bankruptcy and now the company has made it official. On the surface, it sounds like Chapter 11 […]

Drivers “in shock” and blame the troubles of their U.S. parent company for causing Canada’s largest trucking failure of 2019.

Court filings show that FTI, the Canadian sibling of HVH, had more than C$18 million in debts including C$16 million to U.S. Bank in one of the country’s few documented trucking failures of 2019.

Larger fleets positioned to reap benefits from carrier bankruptcies