Plus, a CSX train collides with a semi hauling a military tank in South Carolina, a truck driver is awarded $160M in a lawsuit over a defective truck, and Truckstop announces another round of layoffs.
Alabama jury rules against Daimler Truck NA in a $160M verdict for a truck driver injured due to alleged defective cab and seat design.
ATRI study shows 39% of truck deliveries face costly delays. Industry loses $15B annually.
Ray's Transport files Chapter 11 after $1.2M Stellantis judgment. Continues operations as route broker.
Ray's Transport Inc., a Macomb County trucking company, has filed for Chapter 11 bankruptcy following a legal battle with Stellantis NV.
Ray's Transport leased space from Stellantis since 2011. The automaker sued in 2021, claiming:
Ray's Transport continues operations as a route broker. They bid out routes to independent contractors, working on an as-needed basis without long-term contracts.
"Authorizing the debtor's continued use of cash collateral is in the best interests of creditors," the company stated, emphasizing the higher value of an operating business versus liquidation.
Source: Crains Detroit
Surge Transportation emerges from bankruptcy with a successful reorganization, setting new industry precedents.
Illinois trucking company Blue Thunder files for Chapter 7 bankruptcy, idling 75 drivers, and leaving up to 199 creditors in the lurch.
Indiana trucking company APL Cargo pursues post-bankruptcy financing deal with factoring company WEX Bank, while battling multiple lawsuits and owing $2.3M in secured debt.
APL Cargo bankruptcy adds to the list of trucking company hits in recent years. Read about the industry struggles and major closures from the past five years.
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