Company Overview - Standard Freight Logistics Inc., based in St. Augustine, Florida, has filed for Chapter 11 bankruptcy protection, listing estimated assets between $100,000 and $500,000 and liabilities between $500,000 and $1 million [1] - Founded in 2007, the company employs 57 drivers and operates 49 power units, carrying a variety of commodities including general freight, household goods, metal sheets, motor vehicles, and fresh produce [2] Financial and Operational Performance - The company reported 702,000 miles in 2023 according to its most recent FMCSA filing [2] - Over the past 24 months, the carrier underwent 47 total inspections in the U.S., with a vehicle out-of-service rate of 57.7%, significantly above the national average of 22.26% [3] Industry Context - The bankruptcy filing reflects a trend among small- to midsize trucking firms seeking court protection due to prolonged freight market softness, elevated insurance costs, and tighter safety scrutiny impacting carrier balance sheets in early 2026 [4] - The filing indicates the company intends to maintain its status as an active motor carrier while restructuring [3]