16 trucking companies hit bankruptcy court in less than a month

Tip: Try a valid symbol or a specific company name for relevant results A pro-grade research workspace with advanced charts, company data and real-time news. Now part of Yahoo Finance Gold.Learn more 16 trucking companies hit bankruptcy court in less than a month The latest cases span multiple freight sectors and fleet sizes, showing that financial distress is not confined to a single segment of trucking. ( round of trucking bankruptcies has swept across the U.S. in recent weeks, with carriers ranging from small owner-operators to fleets operating dozens of trucks seeking Chapter 7 or Chapter 11 protection. At least 16 trucking, delivery and transportation companies entered bankruptcy proceedings between late August and Sept. 21, according to federal court filings and carrier records reviewed by FreightWaves.

The filings include Chapter 11 cases involving Globemaster Incorporated, Xoco Transport, Jett Transport & Materials, CLJ Transporting, Mill Creek Logistics-Illinois, RP Hay Hauling, Truckload LLC and Pacer Transport. Several smaller carriers filed Chapter 7 cases, which typically involve liquidation rather than reorganization. The filings come as trucking companies continue navigating a freight environment marked by rising diesel fuel prices and other elevated operating costs.

Xoco Transport, a Hidalgo, Texas-based carrier, filed for Chapter 11 bankruptcy protection on Sept. 16. Bankruptcy court filings indicate the carrier has more than 40 tractors, 65 drivers and 70 trailers. Bankruptcy court filings indicate Hidalgo, Texas-based Xoco Transport has more than 40 tractors, 65 drivers and 70 trailers. ( nc., a Bolingbrook, Illinois-based long-haul carrier, filed for Chapter 11 protection Sept. 15 in the U.S.

Bankruptcy Court for the Northern District of Illinois. The company reported assets of between $500,000 and $1 million and liabilities ranging from $1 million to $10 million. Globemaster operates 51 power units and reported approximately 3.3 million annual miles in its most recent regulatory filings.

The company listed between one and 49 creditors in its bankruptcy filing. CLJ Transporting Inc., an Auburndale, Florida-based carrier identified as an Amazon Delivery Service Partner, filed for Chapter 11 protection Sept. 15 in the Middle District of Florida. CLJ reported assets between $100,000 and $500,000 against liabilities of $500,000 to $1 million.

Carrier records list the company with 18 trucks, while the bankruptcy roundup identifies a workforce of 30 drivers supporting last-mile delivery operations in Florida. Jett Transport & Materials LLC filed for Chapter 11 protection Sept. 14 in the Western District of Texas. The Somerset, Texas-based company specializes in hauling construction materials and reported assets between $100,000 and $500,000 and liabilities between $500,000 and $1 million.