12 trucking firms file Chapter 11 or Chapter 7 bankruptcy

1 hour ago 1

Daniel Kline

Sat, April 25, 2026 astatine 11:33 AM CDT 6 min read

The trucking manufacture faces rising costs, aggravated competition, and consumers wary of spending much money.

"Trucking companies run successful a challenging fiscal environment, wherever adjacent insignificant shifts successful marketplace conditions tin effect successful large impacts connected currency travel and solvency. Rising security premiums, fluctuating substance prices, attraction costs, and operator shortages each make important unit connected nett margins," bankruptcy attorneys Ford & Semach shared connected their website.

The instrumentality steadfast pointed retired 2 cardinal areas, which person driven much trucking and freight companies to marque Chapter 11 bankruptcy filings.

One of the superior fiscal challenges that trucking companies look is the cost of insurance. Liability sum for commercialized trucking has accrued sharply successful caller years, with atomic verdicts and precocious colony demands pushing premiums higher each renewal period.
Fuel terms volatility is different hazard origin that makes budgeting and readying difficult. When substance prices emergence suddenly, companies with fixed declaration rates whitethorn find their operating costs exceeding revenue, creating a rhythm of indebtedness that is hard to interruption without strategical restructuring.

"Filing for Chapter 11 bankruptcy offers trucking companies an accidental to reorganize their debts portion continuing operations. Unlike Chapter 7 liquidation, Chapter 11 allows companies to negociate with creditors, restructure secured and unsecured debts, cull burdensome leases and make a feasible repayment program nether tribunal supervision," according to the attorneys.

A twelve trucking companies filed for bankruptcy successful April, with immoderate opting for Chapter 11 and others choosing a Chapter 7 bankruptcy liquidation.

The largest institution successful the latest batch of filings is Bound Logistics LLC, a New Jersey-based bearer operating 57 trucks with 57 drivers, according to national information data. The institution filed for Chapter 11 extortion successful the District of New Jersey connected 23, tribunal records recovered connected PacerMonitor show.

"Also among the largest fleets successful the radical is Stron Logistics Inc., an Illinois-based bearer with 9 trucks and astir 10 drivers. The institution filed for Chapter 7 liquidation successful the Northern District of Illinois connected April 15," FreightWaves reported.

The manufacture work besides shared 10 different Chapter 11 and Chapter 7 bankruptcy filings:

Allbound Carrier Inc. (Bolingbrook, Illinois) filed for Chapter 11 protection.
Allstar Trailer Sales LLC (Stone Mountain, Georgia), a tiny carrier/dealer with 2 trucks and 2 drivers, filed for Chapter 7.
D.A.R. Carrier Inc. (Oak Lawn, Illinois) filed for Chapter 11 arsenic a tiny concern debtor.
Freight Sherpas Inc. (Chicago) filed for Chapter 11 nether Subchapter V.
Honey Bee Freight Group LLC (Norcross, Georgia) filed for Chapter 7 protection.
K&L Trucking LLC (Temple Hills, Maryland) filed for Chapter 7 liquidation.
MLG Freight LLC (Niles, Illinois) filed for Chapter 7.
Rivera On-Point Logistics LLC (Chicago) filed for Chapter 7.
Timex Freight Inc. (Waukegan, Illinois) filed for Chapter 7.
ZD Sand LLC (Voca, Texas), a trucking-related operation, filed for Chapter 11 successful the Southern District of Texas.
Source: Freightwaves