As new or upcoming tariffs continue to weigh in the freight market, layoffs and bankruptcies hit multiple sectors throughout the April supply chain.
Truck and Trailer Rental Avenue in Joliet, Illinois filed for Chapter 11 bankruptcy on April 16 in the U.S. Bankruptcy Court in Northern Illinois.
The company said in its petition that its assets and liabilities range from $10 million to $50 million and said it could pay funds to unsecured creditors. The largest unsecured creditor is the Midwest Bank in Kansas City, Missouri, owing about $818,000 and De Lage Landen Financial Services owed about $623,000.
After filing for bankruptcy on March 21, 2024, the filing of the Chapter 2 Chapter 11 case marked on truck and trailer rentals.
FreightWaves was unable to reach Sergiu Tintiuc, a managing member of Truck and Trailer Rental, and the law firm representing the company did not immediately return a call seeking comment.
Starr Rail, Cooper, Texas filed for Chapter 11 bankruptcy on April 11 in the U.S. Bankruptcy Court in the Northern District of Texas.
According to the Bankruptcy filing, the company offers rail to truck and truck tracks, as well as warehousing, contract packaging and last-mile dedicated truck transportation, with assets and liabilities ranging from $1 million to $10 million.
According to the document, unsecured creditors will not be able to provide funds after administrative expenses are paid. The largest unsecured claim creditor is Canada's CPKC Railroad, which owes about $220,000 and Kiamichi Railroad, Southlake, Texas, owes about $133,000.
The phone call to Starr Rail on Wednesday morning was not answered.
LML Logistics in Ocala, Florida filed a Chapter 11 bankruptcy petition Friday in the U.S. Bankruptcy Court in the Central District of Florida.
The company said in its petition that its assets totaled between $100,000 and $500,000 and liabilities ranged between $1 million and $10 million. Funding will be provided to unsecured creditors, the largest of which is Florida’s Farm Credit, owing about $794,000, while small businesses manage the Economic Injury Disaster Loan Program, according to the documents.
According to the Federal Automotive Safety Administration's safer website, LML has 10 power units and 16 drivers. It comes with general cargo, building materials, fresh produce, meat, refrigerated food and other products.
LML Logistics cannot comment immediately.
Magazine publisher accelerated 360 distribution filed a worker adjustment and retraining notice on Friday’s plan to close Dakota sales job locations in Sioux Falls, South Dakota.
The notice said a total of 324 permanent layoffs will be generated, including 22 people working at a Missouri facility.
"The employer expects that all employees in the Dakota merchandise sales function will be fired due to the closure of the work unit on June 28, 2025," the warning notice said. "The decision to close the unit was due to the outsourcing of these positions."
The jobs will be held primarily by part-time workers and will be taken over by another provider, Jannine Clemons, vice president of human resources at Accelerate 360, told FreightWaves in a phone interview.
Chicago's Kadam Logistics Corp. filed a Chapter 11 petition on April 4 in the U.S. Bankruptcy Court in Northern Illinois. The company lists assets and liabilities between $100,000 and $500,000.
Kadam has many unsecured creditors, the largest of which is Wyoming’s first federal bank and Sheridan’s trust, owing $98,000, and the Transport Union Bank in Ogden, Utah, owes about $84,000. The petition states that funds will be available to pay unsecured creditors.
The financial status notice presented with the Kadam petition shows that total revenue has decreased in the past few years. Revenue fell from $1.5 million in 2023 to $1.1 million in 2024, and so far, it is $360,000 in 2025.
The voicemail left on the numbers listed by Kadam Logistics was not returned Wednesday, and the attorney representing the company's bankruptcy did not immediately return the message.
Sweet Trucking Co., of Knoxville, Tennessee filed for Chapter 11 bankruptcy on April 21 in the U.S. Bankruptcy Court in the East District of Tennessee.
Over the past three years, Sweet Trucking's total revenue has fallen: about $2.7 million in 2022, about $2.3 million in 2023, and about $2.1 million in 2024.
The petition states that the company's assets and liabilities range from $1 million to $10 million, and the funds will be used for unsecured creditors.
The largest unsecured creditors include the IRS, which owes $75,000, Thompson Truck Rental, which owes about $67,300, and Truist Bank owes about $51,500.
The safer website notes that the Sweet Trucking has 10 electric units and 12 drivers. It comes with metal, wood, machinery and other goods.
The company did not immediately respond to a request for comment Wednesday morning.
Related:
Reported freight and logistics bankruptcy in the United States
Postal bankruptcy and layoffs hit a wide range of transport companies, first appearing on FreightWaves.