Layoffs and bankruptcies hit multiple sectors of the supply chain throughout April, as new or soon-to-be-imposed tariffs continue to weigh on freight markets.
Truck & Trailer Leasing Avenue of Joliet, Illinois, filed for Chapter 11 bankruptcy on April 16 in the U.S. Bankruptcy Court for the Northern District of Illinois.
The company stated in the petition that it has both assets and liabilities of $10 million-$50 million and said that money would be available to pay unsecured creditors. The largest unsecured creditors are Bank Midwest of Kansas City, Missouri, owed about $818,000, and De Lage Landen Financial Services, owed about $623,000.
The filing marks Truck & Trailer Leasing’s second Chapter 11 case in just over a year, following a bankruptcy filed on March 21, 2024.
FreightWaves could not reach Truck & Trailer Leasing Managing Member Sergiu Tintiuc, and a law firm representing the company did not immediately return a phone call seeking comment.
Starr Rail of Cooper, Texas, filed for Chapter 11 bankruptcy on April 11 in the U.S. Bankruptcy Court for the Northern District of Texas.
The company, which provides rail-to-truck and truck-to-rail transloading, as well as warehousing, contract packaging and last-mile dedicated trucking, has both assets and liabilities of $1 million-$10 million, according to the bankruptcy petition.
No funds will be available for unsecured creditors after administrative expenses are paid, according to the filing. The creditors with the largest unsecured claims are Canada’s CPKC railroad, owed about $220,000, and Kiamichi Railroad of Southlake, Texas, owed about $133,000.
A call to Starr Rail on Wednesday morning was unanswered.
LML Logistics of Ocala, Florida, filed a Chapter 11 bankruptcy petition on Friday in the U.S. Bankruptcy Court for the Middle District of Florida.
The company stated in the petition that it has assets totaling $100,000-$500,000 and liabilities of $1 million-$10 million. Funds will be available for unsecured creditors, the largest of which are Farm Credit of Florida, owed about $794,000, and the Small Business Administration Economic Injury Disaster Loan program, owed about $107,000, according to the filing.
LML has 10 power units and 16 drivers, according to the Federal Motor Carrier Safety Administration’s SAFER website. It carries general freight, building materials, fresh produce, meat, refrigerated food and other products.
LML Logistics could not immediately be reached for comment.
Magazine distributor Accelerate360 Distribution filed a Worker Adjustment and Retraining Notification on Friday on its plan to close its Dakota Merchandising Work location in Sioux Falls, South Dakota.