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German spider crane and glass handling sales and rental company Uplifter has appointed a preliminary insolvency administrator following an order from the Amberg District Court.

The company, which continues to operate and trade while it restructures its finances, is based in Guteneck in Bavaria and at one time employed 75 staff, their salaries are apparently secured through insolvency benefits.

A statement from the administrator said: “The lifting technology company will continue to operate in full under the management of the Pluta team. All services, as well as product rentals and sales, will remain unchanged. An investor process has also been launched to find a long term solution for…

Twelve more trucking companies filed for Chapter 11 bankruptcy in October, highlighting the embattled transportation finance sector.  

These freight carriers filed for Chapter 11 last month, according to U.S. Bankruptcy Court documents obtained by Equipment Finance News: 

• G1 Transport filed Oct. 3 in the Northern District of Georgia; 
• GEC Transport Solutions filed Oct. 6 in the Southern District of Texas; 
• Hadnot Logistics filed Oct. 29 in the Northern District of Texas; 
• IH 35 Transportation filed Oct. 2 in the Southern District of Texas; 
• Mister M&K Trucking filed Oct. 17 in the Western District of Texas; 
• Propel Trucking filed Oct. 2 in the Eastern District of Arkansas; 
• R&R Transport & Logistics