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Freight downturn deepens as supply chain bankruptcies mount
Yahoo Finance· 2026-02-17 17:07
Core Insights - Bankruptcy filings in the U.S. supply chain sector are increasing, highlighting ongoing financial pressures on trucking companies, logistics providers, repair shops, and manufacturers [1] Company Summaries - **Bee & G Enterprises LLC**: Filed for Chapter 11 on Feb. 14, operates seven trucks, primarily in intermodal and drayage services, with assets and liabilities between $1 million and $10 million, and has 1 to 49 creditors [2] - **Mare Island Dry Dock LLC**: Filed for Chapter 11 on Feb. 14, reported a 65% decline in sales over three years and lost an $11 million U.S. Coast Guard contract, leading to 84 layoffs and facility closure, with assets and liabilities between $10 million and $50 million, and 100 to 199 creditors [3][4] - **Santin Auto and Truck Repair Center LLC**: Filed for Chapter 11 on Feb. 13, provides heavy-duty truck and automotive repair services, with assets and liabilities between $1 million and $10 million, and has 1 to 49 creditors [5] - **Lancaster Packaging Inc.**: Filed for Chapter 11 on Feb. 11, a wholesale distributor of packaging and industrial supplies, employs 11 to 50 workers, with assets and liabilities between $10 million and $50 million [6]