Another nationwide trucking company files Chapter 11 bankruptcy | Official Website of Louis Velazquez, entrepreneur, finance guy and tech innovator

Trucking and logistics companies continue battling financial distress as the transportation industry is stuck in the Great Freight Recession, which shows no signs of subsiding anytime soon.

Freight companies’ solutions to addressing economic disaster include launching out-of-court restructurings, which can include laying off employees, selling trucks and other assets, refinancing debt obligations, and renegotiating leases.

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Trucking companies sometimes take extreme measures in out-of-court restructurings and shut down all operations without filing for bankruptcy.

Madison, Ill.-based LTI Trucking, with about 250 drivers, 300 tractors, and 575 trailers, shut down its operations on April 2, but did not file for bankruptcy protection.

LTI, which was a major shipper of products for AB InBev, KraftHeinz, Vlasic, Hershey’s, Nestle, Tyson, Hillshire Farm, Kroger, Hostess, and Sara Lee, did not state a reason for closing down.

Regional trucking company Davis Express Inc., which had 160 trucks and 140 drivers, shut down its business permanently in April after making its final deliveries on April 23 and returning all trucks to its terminal by April 30.

The Florida-based owner said the company, which operated in Florida, Alabama, Georgia, and South Carolina, had been unprofitable since 2023, and he did not expect to see improvement in 2025.

All employees were paid and received benefits through their June 15 pay period, the company said.

In many cases, trucking companies have too many financial issues, including long-term lease terms that don’t make economic sense and massive debt obligations, that prevent them from attempting out-of-court restructurings or shutting down without filing for bankruptcy.

Shipping companies file for bankruptcy

Struggling Bloomingdale, Ill.-based trucking company Integral Express, with three trucks and three drivers, filed for Chapter 11 bankruptcy protection on June 15 in the U.S. Bankruptcy Court for the Northern District of Illinois.

The debtor listed $500,000 to $1 million in assets and $1 million to $10 million in liabilities, including $200,000 owed to M&K Financial, $150,000 owed to CIT Bank, $98,000 owed to Chase Card Services, and over $87,000 owed to De Lage Landen Financial.

The debtor indicated in its petition that funds would be available for distribution to unsecured creditors, but did not state a reason for filing for bankruptcy.

Major nationwide trucking and logistics company Dolche Truckload Corp. also filed for Chapter 11 protection on June 15 to reorganize its business and restructure its debts.

More bankruptcy:

The company also did not state a reason for filing for bankruptcy in its petition.

Dolche Truckload, founded and owned by Desi Evans since 2010, operates 70 trucks for interstate shipping to 48 contiguous states, according to its website.

The Palatine, Ill., women-owned and founded trucking company listed $1 million to $10 million in assets and liabilities in its Subchapter V petition filed in the U.S. Bankruptcy Court for the Northern District of Illinois, including $495,000 owed to the Small Business Administration, as well as creditor claims from M&T Bank, Daimler Truck Financial and Headway Capital.

The trucking company carries general freight, fresh produce, meat, refrigerated food, beverages, paper products, liquids and gases, and chemicals, according to the Federal Motor Carrier Safety Administration SAFER website.

NV Freight Inc. files for Chapter 11 bankruptcy protection.

Image source&colon; Shutterstock

NV Freight files for bankruptcy protection

Finally, Chicagoland trucking company NV Freight Inc. filed for Chapter 11 bankruptcy, seeking to reorganize its business.

The Hickory Hills, Ill.-based transportation company filed its petition in the U.S. Bankruptcy Court for the Northern District of Illinois on June 24.

The debtor listed $1 million to $10 million in assets and liabilities in its petition.

The trucking company did not state a reason for filing for bankruptcy in its petition.

NV Freight offers flatbed, dry van, and refrigerated shipping to all 48 contiguous states. The transportation and logistics company operates with over 50 trucks and 50 drivers on a 24/7 basis.