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The stagnation of the large shipping over the past three years has led to a financial distress for many transportation, transportation and logistical services.
Truck transport companies bought low demand for charging, low charging rates, and high costs of employment, fuel and insurance, which affected revenues and profits.
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Several truck transport companies in April were provided either for bankruptcy of Chapter 11 or closed their doors without bankruptcy.
Related: The main truck transport company to close it, there are no bankruptcy plans
MADison, Lti Trucking, based in ILL. , With about 250 drivers, 300 grams, and 575 trailers, by closing their operations on April 2, but it was not submitted for bankruptcy in the last selection. The company was a major charger for AB Inbev, Kraftheinz, Vlasic, Horshey’s, Nestle, Tyson, Hillshire Farm, Kroger, Hostess and Sara Lee.
Davis Express Inc. revealed. Florida is based on its Facebook page that the company was constantly closing its business after the final delivery operations on April 23 and returning all trucks to its station by April 30.
The owner of the company said that he will retire and do not want to wait anymore until he turns the company or finds a buyer. He said that the founder’s family is no longer interested in continuing to work due to the challenges of industry.
The company said that all employees will be paid and receive benefits during the salary period of June 15.
Davis Express 160 trucks and 140 drivers have, according to the Safepty Management web. It will remove its drivers, but it will continue to employ mechanics and operate its store while the company takes out the equipment from the service and sells assets.
3 truck transport companies, bankruptcy files on the same day
April 7 was a bad day for the truck transport industry, with three companies to protect Chapter 11 that day. A small truck transport company, Memphis, Best Logistics Inc. It is based in Tin.
A shipping company and other logistics services, a C&C charging network, also provided the bankruptcy of Chapter 11 to restructure its debts, in the face of economic problems. The debtor indicated that the money will not be available to distribute it to the non -guaranteed creditors.
Deedham, Mass-Best-Coice Trucking LLC, which submitted a request for bankruptcy to restructure its debts, which includes a large amount of vehicle financing.
Photo and colon source; Shutterstock
Quick Balkan files to protect Chapter 11
Finally, the Balkan Express transportation and logistics company in the Balkan was presented for the bankruptcy of Chapter 11 to restructure its debts on April 30.
Related: Files of transport companies with other trucks that fight Chapter 11
Fort Worth, Texas, GENERAL FRIGHT TRUCKING Company, submitted its petition in the American Banking Court of the Northern Region of Texas, which ranges 10 million dollars to $ 50 million of assets and liabilities.
More bankruptcy:
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The debtor indicated that the money will be available to distribute it to the non -guaranteed creditors.
Balkan Express runs 159 electricity units and employs about 166 drivers who ship public charging, including beverages, according to the Federal Car Safety Management website.
The company’s website said that the company, which has worked 16 years ago, has 150 trucks on the road and employed 250 people, covering 48 states.
Balkan provides wild transport and charging services; Truck and logistical services, whether it is shipping, or supply chain solutions, storage and distribution, and logistical services controlled by temperature, customs, security and insurance; And support the sender 24 hours a day.
The M&T Capital filed a lawsuit against Balkan Express in March 2025, claiming that the company owes it with more than $ 4.2 million in unpaid loans, benefits and law forts related to the lawsuit.
Related: The iconic truck transport company closes operations; No bankruptcy yet
