Freight Distress Report: more carriers shut down, logistics firms cut jobs

A caller question of bankruptcies and layoffs swept done the proscription and logistics assemblage implicit the past 10 days, with trucking companies, motortruck dealers, repair businesses and logistics providers filing for Chapter 7 and Chapter 11 extortion portion hundreds of workers faced occupation cuts nationwide.

The latest filings, spanning June 5 done Monday, underscore the continuing strain connected freight-related businesses arsenic elevated operating costs and financing challenges proceed to unit carriers and logistics providers.

Trucking companies filing for bankruptcy

Among the astir notable filings was Laredo, Texas-based Triple RRR Carriers Inc., a cross-border trucking institution that filed for Chapter 7 liquidation successful the Southern District of Texas connected June 5. 

Triple RRR operated a fleet of 177 powerfulness units and employed 286 drivers, according to Federal Motor Carrier Safety Administration records. The bearer specialized successful interstate freight proscription and maintained operations on the U.S.-Mexico border.

Also filing for Chapter 7 extortion was GLS Materials and Trucking LLC of Van Alstyne, Texas. The institution sought liquidation extortion successful the Eastern District of Texas aft reporting estimated liabilities betwixt $1 cardinal and $10 million. Company records bespeak its trucking and materials hauling operations had ceased anterior to the filing.

In California, Ruezga Hauling Inc. filed for Chapter 11 extortion connected June 5 successful the Northern District of California. The Milpitas-based bearer antecedently operated 10 tractors and employed 10 drivers earlier its DOT operating authorization became inactive earlier this year.

Truck and trailer businesses were besides affected

Circle D Truck Sales Inc., a motortruck income and repair institution operating successful the Abilene, Texas, area, filed for Chapter 11 extortion connected June 8 successful the Northern District of Texas. The company, which besides operated nether the sanction FTSR, is seeking to reorganize its operations portion continuing concern activities.

In Illinois, ZDM Transport filed for Chapter 7 extortion connected Thursday successful the Northern District of Illinois. The Rolling Meadows-based bearer joins a increasing database of tiny and midsize trucking companies seeking liquidation amid ongoing freight marketplace weakness.

Layoffs proceed crossed logistics assemblage

Beyond bankruptcy filings, respective logistics and proscription companies announced layoffs oregon installation closures impacting hundreds of workers.

Dallas-area logistics supplier Alan Ritchey Inc. said it volition adjacent an Irving transportation halfway and laic disconnected 232 employees opening successful September, according to a WARN announcement filed with authorities officials. Affected workers see forklift operators, shippers, packers, supervisors and managers.