Reported 3 days ago
RBX Inc., a truckload carrier based in Missouri, and its affiliate Humper Equipment have filed bankruptcy amid a dispute with Paccar Financial regarding the repossession of 28 tractors due to engine performance issues they claim are linked to faulty designs by Paccar's subsidiary. Both companies seek to reorganize and have acknowledged their financing obligations to Paccar were not fully met, leading to further business difficulties. They have filed petitions to reclaim the seized vehicles and continue operations while addressing these issues in bankruptcy court.
Source: YAHOO