Reported 22 days ago
Flex Intermodal Inc., a California-based trucking company that operated intermodal transport from the Port of Oakland, has filed for Chapter 7 bankruptcy after ceasing operations over a year ago. The company lists assets of up to $50,000 and liabilities between $500,000 and $1 million, with significant debts owed to the IRS and other creditors. Flex's operating authority was revoked by the FMCSA in August 2023, and their out-of-service rate for trucks was higher than the national average.
Source: YAHOO