Belgium: record number of small hauliers go bankrupt

Belgian road transport experienced its worst year on record in 2025, with 413 companies declared bankrupt, according to figures from the Belgian Institute for Transport & Logistics (ITLB). This is the highest number since the institute began compiling sector-specific data and represents an increase of more than one third compared with 2024. The figures, cited…

Belgium: record number of small hauliers go bankrupt

Belgian road transport experienced its worst year on record in 2025, with 413 companies declared bankrupt, according to figures from the Belgian Institute for Transport & Logistics (ITLB). This is the highest number since the institute began compiling sector-specific data and represents an increase of more than one third compared with 2024. The figures, cited…

Luxury Giant Saks Global Files for Bankruptcy

Saks Global has declared bankruptcy. The owner of Saks Fifth Avenue and other iconic luxury department stores filed for Chapter 11 bankruptcy late Tuesday in the Southern District of Texas. Each of Saks Global’s marquee brands — it also owns Neiman Marcus and Bergdorf Goodman — is a luxury retailing giant founded more than a century…