An Indiana-based trucking company recently filed Chapter 11, more than a month after the Federal Motor Carrier Safety Administration (FMCSA) ordered the carrier to suspend interstate operations after receiving an unsatisfactory rating. JCB Trucking Enterprises LLC
Waco, Texas-based Central Freight Lines (CFL) notified drivers, employees and customers in mid Dec that it would be shutting down. A source close to CFL said the company had “too much debt and too many unpaid bills”…
The U.S. dairy industry, the largest in the world, is under severe pressure as the consumption habits of Americans shift, data show. Borden Dairy filed for bankruptcy protection, the second major U.S. dairy to do…
A coalition of trucking companies filed a petition in May to force an Indianapolis, Ind.-based freight brokerage into Chapter 7 bankruptcy proceedings for unpaid transportation services. The involuntary Chapter 7 bankruptcy petition, filed in U.S…
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