Sunset Logistics' Final Bid: Auction Closed

Sunset Logistics' asset auction has concluded, with over 45 late-model trailers sold to settle debts after the company's abrupt closure.

Sunset Logistics' Final Bid: Auction Closed
Image Source: OrbitBid

Sunset Logistics, a large carrier in Grand Rapids, Michigan, ceased operations unexpectedly in October 2023, leaving employees without pay and drivers stranded. Financial strife had been building since March, with the owner injecting personal funds to keep the wheels turning.

The company auctioned off assets. Bidding opened on Tuesday, December 12 , and concluded at 6:00 pm on Wednesday, December 13.

Auction Update:

  • Assets Sold: The auction, which ended on December 13, featured over 45 late-model trailers and a semi truck among other equipment.
  • Debt Settlement: The proceeds are going towards settling the company's debts, with the auction facilitated by Orbitbid in collaboration with a secured creditor.
Final bid for a 53' dry van semi-trailer with advanced features closed at $23,525 USD. Image Source: OrbitBid

Sources: Crain's Grand Rapids Business | OrbitBid

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