{"id":6373,"date":"2026-10-09T14:23:32","date_gmt":"2026-10-09T14:23:32","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=6373"},"modified":"2026-10-09T14:23:32","modified_gmt":"2026-10-09T14:23:32","slug":"multiple-trucking-companies-file-for-chapter-11-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=6373","title":{"rendered":"Multiple trucking companies file for Chapter 11 bankruptcy protection"},"content":{"rendered":"
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Automotive expert Lauren Fix discusses how rising fuel costs can impact transportation, businesses and consumers.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
A string of trucking and freight companies filed for Chapter 11 bankruptcy protection in September.<\/p>\n
At least eight transportation-related companies sought Chapter 11 protection during the month, according to bankruptcy documents reviewed by FOX Business.<\/p>\n
Globemaster Incorporated filed Sept. 15 in U.S. Bankruptcy Court for the Northern District of Illinois under Subchapter V, a reorganization process available to qualifying small businesses. The trucking company reported approximately $1.1 million in assets and $3.26 million in liabilities.<\/p>\n
CLJ Transporting Inc., a freight trucking company, also filed Sept. 15 under Subchapter V in U.S. Bankruptcy Court for the Middle District of Florida. A July balance sheet included with the filing showed approximately $483,205 in assets and $823,161 in liabilities.<\/p>\n
TRUMP\u2019S ENERGY CHIEF SAYS TRUCKERS COULD SEE DIESEL RELIEF WITHIN DAYS AFTER EXECUTIVE ORDER<\/strong><\/p>\n
A string of trucking and freight companies filed for Chapter 11 bankruptcy protection in September.<\/span> (Smith Collection\/Gado\/Getty Images, File)<\/span><\/p>\n<\/div>\n<\/div>\n
Pacer Transport Inc. filed Sept. 4 in U.S. Bankruptcy Court for the Western District of Louisiana, estimating less than $50,000 in assets and between $1 million and $10 million in liabilities.<\/p>\n
Texas-based Jett Transport & Materials LLC filed Sept. 14 in U.S. Bankruptcy Court for the Western District of Texas. The company estimated assets between $100,001 and $500,000 and liabilities between $500,001 and $1 million.<\/p>\n
Mill Creek Logistics\u2013Illinois Inc. filed the same day in U.S. Bankruptcy Court for the District of Kansas. It listed approximately $885,500 in assets, including $808,000 in trucks and equipment, and roughly $1.83 million in liabilities.<\/p>\n
Arizona-based RP Hay Hauling LLC filed Sept. 10 in U.S. Bankruptcy Court for the District of Arizona, reporting approximately $1.32 million in assets and $1.53 million in liabilities.<\/p>\n
Xoco Transport LLC filed Sept. 16 in U.S. Bankruptcy Court for the Southern District of Texas, estimating both assets and liabilities between $1 million and $10 million.<\/p>\n
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The filings do not identify a common cause behind the bankruptcies, but they come as the trucking industry faces higher fuel costs.<\/span> (Justin Sullivan\/Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
Truckload LLC filed Sept. 9 in U.S. Bankruptcy Court for the Middle District of Florida. The company estimated assets between $100,001 and $500,000 and liabilities of less than $50,000.<\/p>\n
The filings come as the trucking industry faces mounting costs, including higher fuel and insurance expenses.<\/p>\n
Truckload LLC owner Marcus Overcast told FOX Business in a phone call that diesel and insurance costs contributed to his company\u2019s bankruptcy filing, with insurance representing the biggest pressure.<\/p>\n
Diesel was selling for about $6.26 a gallon Thursday at a Flying J truck stop in Orange, Texas, according to The Wall Street Journal.<\/p>\n
President Donald Trump moved this week to provide truckers with relief from higher diesel costs, signing an executive order temporarily allowing red-dyed diesel normally reserved for off-road use to be used on highways.<\/p>\n
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Automotive expert Lauren Fix told FOX Business that rising diesel prices and fuel surcharges can have far-reaching effects across the economy.<\/span> (M. Scott Brauer\/Bloomberg via Getty Images, File)<\/span><\/p>\n<\/div>\n<\/div>\n
The administration cited tight global diesel supplies and limited refining capacity as reasons for the move, pointing to the Russia-Ukraine war and blaming refinery closures in Democrat-led states on green energy policies.<\/p>\n
Automotive expert Lauren Fix told FOX Business that allowing red-dyed diesel to be used on highways could make a “huge difference,” estimating a potential savings of 50 cents to $1 per gallon.<\/p>\n
The White House also said Trump reached an agreement with Europe to release 100 million barrels of refined diesel and crude oil from strategic reserves over the next four months.<\/p>\n
Fix said higher diesel prices could ripple through the broader economy.<\/p>\n
“When gas prices go up or diesel prices go up, everything that goes from point A to point B is affected,” according to Fix.<\/p>\n
Trucks parked at a truck stop in Missouri.<\/span> (iStock)<\/span><\/p>\n<\/div>\n<\/div>\n
She pointed to agricultural equipment and goods moving from ports to warehouses or farms to markets, as well as package and food deliveries.<\/p>\n
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“Everything has to get somewhere somehow, and so everything gets more expensive,” Fix said.<\/p>\n
FOX Business reached out to Globemaster Incorporated, CLJ Transporting, Pacer Transport, Jett Transport & Materials, Mill Creek Logistics\u2013Illinois, RP Hay Hauling and Xoco Transport for comment.<\/p>\n
FOX Business’ Stepheny Price contributed to this report.<\/i><\/p>\n<\/div>\n
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