Bankruptcies and layoffs slam wide range of transportation companies

Disciplinary and bankruptcy have multiple sectors of the supply chain throughout April, as the new tariff or that will soon be released to the influence of shipping markets.

TRUCK & Trainer Leasing Avenue in Joliet, Illinoi, submitted a request for bankruptcy of Chapter 11 on April 16 at the American Banking Court of the Northern Region of Illinois.

The company stated in the petition that it has both assets and liabilities from 10 million dollars to 50 million dollars and said that the money will be available to pay the non -guaranteed creditors. The largest inconsistent creditors are the Bank Midwst of Kansas City, Missouri, debtors of about $ 818,000, and De Lage Landen Financial Services, about $ 623,000.

Filing Marks Truck & Trailer Second Chapter 11 Case in a little more than a year, after bankruptcy was presented on March 21, 2024.

Freightwaves has not been able to reach Truck & Trainer Leasing Managing Sergiu Tintiuc, and a law firm representing the company immediately returned a phone call seeking a comment.

Star of the Cooper Railway, Texas, to obtain bankruptcy of Chapter 11 on April 11 at the American Banking Court of the Northern Region in Texas.

The company, which provides loading to the railway to trucks to the railways, in addition to storage, contract packaging, and activists allocated to the series, both assets and opponents ranging from one million dollars to $ 10 million, according to the bankruptcy report.

No money will be available to the non -guaranteed creditors after paying administrative expenditures, according to the deposit. Creditors who hold the largest unaccomminable claims are the CPKC railway in Canada, debtors of about $ 220,000, and Kiamichi is a railway from Soutclike, Texas, debtors of about $ 133,000.

An invitation to Starr Rail was not answered on Wednesday morning.

LML Logistics of Ocala, Florida, submitted a bankruptcy petition 11 on Friday at the American Banking Court of the Central Region in Florida.

The company stated in the petition that it has assets of $ 100,000 and $ 500,000, and the litigants from one million dollars to 10 million dollars. The funds will be available to the non -guaranteed creditors, the largest of the farm credit in Florida, debtors of about $ 794,000, and the Economic Disaster Loans for Small Business Administration, which is worth about $ 107,000, according to a report.

LML has 10 power units and 16 drivers, according to its Safety Management website at Carrier Carrier. It carries general shipping, building materials, fresh products, meat, refrigerated foods and other products.

LML LOGISTICS cannot be accessed immediately to comment.

The ACCELERATE360 Magazine Distribution distributed workers ’modification and re -trained at the notification of her plan to close her work site in Dakota in Six Fols, South Dakota.