Reported 8 months ago
An Indiana trucking company and its affiliates seek approval for a post-petition financing agreement with WEX Bank after filing for Chapter 11 bankruptcy. The agreement is crucial for APL Cargo to maintain operations as they owe WEX over $2.3 million. Concurrently, the bankruptcy filing halts two federal lawsuits in Texas and Indiana against APL Cargo for personal injury and misclassification of drivers as independent contractors.
Source: YAHOO