Reported 17 days ago
In the first two weeks of October 2025, five transportation companies have filed for Chapter 11 bankruptcy protection, indicating a notable trend in the industry. These firms range from small carriers to those operating numerous trucks, with filings recorded from states like Texas and Arkansas. One notable case includes GEC Transport Solutions, which reported significant liabilities and continues to operate despite financial struggles. Other companies like Propel Trucking and R&R Transport & Logistics also revealed varying levels of assets and debts in their bankruptcy filings.
Source: YAHOO