Another nationwide trucking company files Chapter 11 bankruptcy

Trucking and logistics companies continue battling monetary harm as the transportation commerce is stuck within the Great Freight Recession, which reveals no signs of subsiding anytime quickly.

Freight companies' solutions to addressing economic catastrophe consist of launching out-of-court docket restructurings, that would comprise laying off workers, promoting autos and other assets, refinancing debt obligations, and renegotiating leases.