Re: Another trucking bankruptcy
This small carrier located in Illinois, cites increased insurance costs for their bankruptcy.
Carrier ties bankruptcy to soaring insurance rates, fatal crash
https://www.freightwaves.com/news/de...kruptcy-filing
This small carrier located in Illinois, cites increased insurance costs for their bankruptcy.
Carrier ties bankruptcy to soaring insurance rates, fatal crash
Deluxe Express Inc. of Plainfield, Illinois, filed for Chapter 11 bankruptcy protection on Wednesday, citing soaring insurance rates after one of its drivers was involved in a fatal crash on Interstate 80 near Laramie, Wyoming, in March 2019.
The trucking company has 13 power units and lists 13 drivers, according to FMCSA records.
Deluxe Express and another motor carrier have been named in a wrongful death lawsuit filed by the family of a man killed in the deadly pileup involving three trucking companies.
In its filing with the U.S. Bankruptcy Court for the Northern District of Illinois, Deluxe Express lists its assets and liabilities as being between $1 million and $10 million. It lists up to 49 creditors in its bankruptcy filing.
Igoris Geguzinskas, president of Deluxe Express, said skyrocketing insurance costs made it impossible for his small trucking company to continue in the wake of the March 9, 2019, pileup.
The trucking company has 13 power units and lists 13 drivers, according to FMCSA records.
Deluxe Express and another motor carrier have been named in a wrongful death lawsuit filed by the family of a man killed in the deadly pileup involving three trucking companies.
In its filing with the U.S. Bankruptcy Court for the Northern District of Illinois, Deluxe Express lists its assets and liabilities as being between $1 million and $10 million. It lists up to 49 creditors in its bankruptcy filing.
Igoris Geguzinskas, president of Deluxe Express, said skyrocketing insurance costs made it impossible for his small trucking company to continue in the wake of the March 9, 2019, pileup.
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