Small fleets, brokers drive new wave of trucking bankruptcies [Yahoo! Finance]
Watsco, Inc. Class B (WSO.B)
Company Research
Source: Yahoo! Finance
financial pressure on carriers and brokers navigating choppy freight demand, tight margins and elevated operating costs. Leading the latest filings is Bound Logistics LLC, a New Jersey-based carrier operating 57 trucks with 57 drivers, according to federal safety data. The company filed for Chapter 11 protection in the District of New Jersey on Thursday, court records show. Also among the largest fleets in the group is Stron Logistics Inc., an Illinois-based carrier with 9 trucks and roughly 10 drivers. The company filed for Chapter 7 liquidation in the Northern District of Illinois on April 15. Cluster of small carriers, brokers filing across U.S. The filings span multiple states, with a heavy concentration in Illinois — a major trucking hub — and include both asset-based carriers and logistics providers. Among the companies filing: Allbound Carrier Inc. (Bolingbrook, Illinois) filed for Chapter 11 protection. Allstar Trailer Sales LLC (Stone Mountain, Georgia), a small
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