Eight more trucking companies filed for bankruptcy in the past month while two others ceased operations, and tightened lending standards are prolonging the industry downturn.
These transportation firms filed for Chapter 11 since the start of July, according to U.S. Bankruptcy Court documents obtained by Equipment Finance News:
- Daniel Trucking International filed July 7 in the Northern District of Illinois;
- Division 2 Truck Co. filed July 16 in the District of Minnesota;
- Indian Creek Express filed July 28 in the District of Colorado;
- JAM Trucking filed Aug. 1 in the Southern District of West Virginia;
- Lynda Transportation filed July 9 in the Northern District of Illinois;
- ODM Truck filed July 16 in the Middle…