Financial Ports

21 US logistics firms collapse in a month: who’s next?

CLAVE 1 / 421 transportation and logistics firms sought court protection in the US between late July and August 25.

CLAVE 2 / 4BFG Supply Co. LLC, a national distributor, listed $100m–$500m in both assets and liabilities.

CLAVE 3 / 4Anchor South Transport, a 14-truck carrier, reported $1.4m in assets against $2.2m in liabilities.

CLAVE 4 / 4Kings of the Road Transport filed for Chapter 7 with only $77,000 in assets.

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