National Road Logistics Files for Chapter 11 Bankruptcy Protection
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowNational Road Logistics LLC has filed for Chapter 11 bankruptcy protection, citing debts related to leases and contract disputes. The company reported estimated assets between $1 million and $10 million, with similar liabilities. Notably, unsecured claims include $9.5 million owed to Nordstrom and $8.3 million to Prologis Management. The carrier operates a fleet of 27 power units and reported total assets of approximately $1.6 million, including $411,000 in cash. This development could impact logistics operations in Southern California, particularly at major ports.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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