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Arc CEO Bryan Wisk said he and his partners see Desktop Metal in the same light as Bell Labs, AT&T’s research and development wing that drove massive communications technology advancements throughout the 20th century. “AT&T’s position in long-distance telephony created a steady stream of real problems (“pull”), and a vertically integrated engine—from research to Western…
Seven more freight companies filed for bankruptcy over the past month, as unsecured debt racked up, although some transportation subsectors are showing strength. These freight carriers, ranging from specialty short-haul providers to long-haul logistics firms, filed for Chapter 11 bankruptcy, according to U.S. Bankruptcy Court documents obtained by Equipment Finance News. Bartram Logistics filed on…
Industry journal L’Officiel des transporteurs reports 645 company insolvencies in the second quarter of 2025 alone: a stark reversal of the typical spring recovery pattern. The figures represent a 1.4% increase from the previous quarter and a 7% rise year-on-year, with insolvencies up 55% over two years. The crisis extends beyond simple business closures. Business…
Industry journal L’Officiel des transporteurs reports 645 company insolvencies in the second quarter of 2025 alone: a stark reversal of the typical spring recovery pattern. The figures represent a 1.4% increase from the previous quarter and a 7% rise year-on-year, with insolvencies up 55% over two years. The crisis extends beyond simple business closures. Business…
TEMPO.CO, Jakarta – The Central Jakarta Commercial Court has officially declared bankruptcy against PT Sejahtera Bintang Abadi Textile Tbk (SBAT), Indonesian textile company based in Cicalengka, Majalaya, and Cikancung, West Java, Bandung. The ruling came after the completion of the Suspension of Debt Payment Obligation (PKPU) process under case number 3/Pdt.Sus-PKPU/2025/PN Niaga Jkt.Pst. SBAT’s controller,…