Kansas-based carrier files for Chapter 11 bankruptcy

Group 1 - Mast Trucking is reorganizing through Chapter 11 bankruptcy while continuing normal operations, with no impact on customers or drivers as stated by President Leroy Mast [3] - The company has assets estimated between $1 million to $10 million and at least 100 creditors involved in the bankruptcy filing [3][7] - The trucking industry is experiencing a multiyear freight recession, leading to several Chapter 11 bankruptcies among firms like Bulmaks and STG Logistics [4] Group 2 - Other companies in the industry are pursuing mergers and acquisitions to navigate the challenging environment, such as Estes Logistics acquiring Key Trucking [4][5] - Mast Trucking filed its bankruptcy petition on February 10, reporting over $5.7 million in unsecured claims affecting creditors like BMO and Daimler Truck Financial [7] - As of late August, Mast Trucking operated 55 power units and employed 56 drivers according to the Federal Carrier Safety Administration [7]