Southern California Drayage Hauler TTSI Files Chapter 11 Bankruptcy
The parent company of Total Transportation Services Inc. filed voluntarily for Chapter 11 reorganization bankruptcy in federal court in Delaware, citing legal difficulties relating to independent contractors and the California Labor Commissioner.
March 16, 2016Bankruptcy Trustee Sues Carriers, Seeks Millions in Past Payments
The trustee for TransVantage Solutions Inc., a bankrupt freight bill payment firm, is suing more than 500 truckers and other transport companies in a bid to recoup hundreds of millions of dollars by claiming payments made over several years were improper.
May 18, 2015Trucking Failures Slow in 3Q on Rates, Fuel, Report Says
A total of 9,090 trucks were taken off the road due to fleet bankruptcies in the third quarter, a slight decline from the second quarter, as rising freight rates and falling fuel prices helped keep some marginal fleets afloat, Avondale Partners analyst Donald Broughton said.
October 20, 2014New Century’s Shutdown Leaves Workers Scrambling
New Century Transportation Inc., which reported $267 million in revenue last year but was plagued by funding problems, abruptly shut down and filed for bankruptcy last week, leaving nearly 1,600 workers scrambling to find new jobs.
June 16, 2014New Century Files for Bankruptcy, Plans Liquidation
New Century Transportation Inc. has filed for bankruptcy, and the less-than-truckload and truckload carrier intends to sell its assets after closing its doors earlier this week.
June 12, 2014American Roads LLC Files for Bankruptcy
The bankruptcy filing by the private owner of four Alabama toll roads and the operator of the Detroit-Windsor Tunnel is not expected to have any immediate effects on freight haulers, officials said.
August 5, 2013Battery Manufacturer Exide Technologies Files for Bankruptcy
Heavy-duty truck and automobile battery manufacturer Exide Technologies filed for bankruptcy after environmental regulators in California shut down one if its lead-recycling plants, Bloomberg News reported Monday.
June 10, 2013Trucking Failures Decline
Truck fleet failures continued to decline early this year, despite high diesel prices that stubbornly remained above $4 per gallon, according to a new report.
May 7, 2012Hostess Brands Again Files for Bankruptcy
Hostess Brands, the maker of Twinkies snack cakes and Wonder bread, filed for bankruptcy Wednesday, less than three years after completing an earlier restructuring.
January 13, 2012Trailer Bridge to Be Delisted by Nasdaq
A day after announcing its bankruptcy filing, Trailer Bridge said late Thursday that its stock will be delisted by Nasdaq on Nov. 28.
November 18, 2011