A FreightWaves review of federal bankruptcy records identifies 16 trucking and logistics companies across at least 10 states that sought protection between Sept. 18 and Oct. 21, 2026, spanning general freight, petroleum transportation and logging. Chicago-based Midwest Expedited Co. reported roughly $2.31 million in liabilities against just $108,351 in assets in its Oct. 6 Chapter 11 filing. El Paso's Site2Site Transport saw gross revenue fall about 24%, from $2.1 million in 2024 to $1.6 million in 2025, before filing Chapter 7 on Sept. 29. Georgia-based KLS Logging lists 53 power units and 28 drivers, while Texas-based American Petroleum Carriers lists 16 trucks and 10 drivers. The filings point to financial stress among smaller carriers.
A review of federal bankruptcy records shows filings spanning multiple freight segments, including general freight, petroleum transportation, logging and timber hauling. The cases involve companies ranging from single-truck operators to carriers reporting dozens of power units.
Among the larger carriers identified in the review are KLS Logging Inc., which lists 53 power units and 28 drivers, and McAllen, Texas-based American Petroleum Carriers, which filed for Chapter 11 protection with 16 trucks and 10 drivers.
The filings highlight financial challenges confronting smaller trucking businesses.
Illinois carrier lists $2.3 million in liabilities
Chicago-based Midwest Expedited Co. filed for Chapter 11 bankruptcy protection Oct. 6 in the U.S. Bankruptcy Court for the Northern District of Illinois.
The company, which lists 95 trucks on its LinkedIn page but seven Freightliner trucks specifically identified in its bankruptcy schedules, reported approximately $2.31 million in liabilities against just $108,351 in assets, bankruptcy schedules.
The filing lists $935,384 in secured claims and approximately $1.38 million in nonpriority unsecured claims.
Midwest Expedited’s bankruptcy schedules identify seven Freightliner M2 trucks from the 2023 and 2024 model years, collectively valued at $107,500. The seven vehicles listed in court documents are not necessarily representative of the company’s previously reported fleet size.
Texas carrier reports sharp revenue decline
In El Paso, Texas, Site2Site Transport filed for Chapter 7 bankruptcy protection Sept. 29 after reporting a substantial decline in annual revenue.
bankruptcy filing, the company generated approximately $2.1 million in gross revenue in 2024, compared with $1.6 million in 2025 — a decline of roughly 24%.
The filing reported no gross revenue from Jan. 1, 2026, through the bankruptcy filing date. Site2Site also disclosed leases involving eight trucks and liabilities exceeding $493,000. The Chapter 7 filing indicates the company is pursuing liquidation rather than a traditional Chapter 11 restructuring.
Another Texas carrier, McAllen-based American Petroleum Carriers, filed for Chapter 11 protection in the Southern District of Texas under case number 26-70331. The company lists 16 trucks and 10 drivers.
Bankruptcy filings extend across multiple states
Other filings illustrate how bankruptcy proceedings are affecting trucking operations of different sizes.
KLS Logging Inc., based in Lyons, Georgia, filed for Chapter 11 protection in the Southern District of Georgia. Federal Motor Carrier Safety Administration information included in the review identifies the company as operating 53 power units with 28 registered drivers. The carrier primarily transports unmanufactured logs, poles, beams and lumber.
In Oregon, Lakeview-based Eskil Trucking filed for Chapter 11 protection after reporting more than $1 million in liabilities and no more than $500,000 in assets. The company previously reported seven trucks and six drivers. Its bankruptcy filing identified nearly $855,000 owed to Sargent Transportation, another southern Oregon trucking company, as its largest creditor claim.
Several Illinois-based transportation businesses also sought bankruptcy protection. Maksteel Transport LLC filed Chapter 11 on Sept. 23, listing five trucks and three drivers. Douglass Logistics LLC filed Chapter 11 the same day, reporting 15 trucks and 10 drivers.
Windy City Supply Chain LLC filed Chapter 7 on Oct. 2. The company listed 20 owner-operator drivers, although the number of trucks it owned or operated was not established in the information reviewed. Lake Zurich-based Xcalibur Logistics, which lists one truck and one driver, also filed for Chapter 7 protection.
In North Carolina, FAB Trucking LLC filed Chapter 11 in the Eastern District of North Carolina, while High Point-based Porter’s Hauling LLC filed Chapter 7. Another High Point carrier, Queen’s Hauling LLC, was identified in bankruptcy records, although the chapter was not established in the available research.
Additional filings involved Wooten 4 Trucking LLC in Illinois, Jotham Trucking LLC in Michigan, Tros Logging in Alabama and Gerek Trucking in West Virginia.
Fleet and bankruptcy filing breakdown
The review compiled fleet counts and bankruptcy chapters for 16 carriers identified in federal records between Sept. 18 and Oct. 21, 2026.
- Midwest Expedited Co.: 95 trucks reported; 7 in asset schedules; Chapter 11
- KLS Logging Inc.: 53 power units; 28 drivers; Chapter 11
- Site2Site Transport: 8 leased trucks; Chapter 7
- Eskil Trucking: 7 trucks; 6 drivers; Chapter 11
- Maksteel Transport LLC: 5 trucks; 3 drivers; Chapter 11
- Windy City Supply Chain LLC: 20 owner-operators; Chapter 7
- Douglass Logistics LLC: 15 trucks; 10 drivers; Chapter 11
- Xcalibur Logistics: 1 truck; 1 driver; Chapter 7
- FAB Trucking LLC: 2 trucks; 1 driver; Chapter 11
- Wooten 4 Trucking LLC: 2 trucks; Chapter 7
- American Petroleum Carriers: 16 trucks; 10 drivers; Chapter 11
- Porter’s Hauling LLC: 1 truck; 1 driver; Chapter 7
- Queen’s Hauling LLC: 8–9 trucks; 5 drivers; chapter not specified
- Jotham Trucking LLC: 1 truck; 1 driver; Chapter 11
- Tros Logging: 3 trucks; 3 drivers; Chapter 11
- Gerek Trucking: 3 trucks; chapter not specified
The compilation draws on FreightWaves research covering Sept. 18–Oct. 21, 2026, and Midwest Expedited’s Oct. 6 bankruptcy petition. A dash indicates information not established by the supplied materials. Fleet counts may represent different reporting periods and are not necessarily current.
Why it matters: The bankruptcies offer another indication of financial stress among smaller carriers, although the filings alone do not establish an industrywide increase in bankruptcies.
Source: FreightWaves
Compiled from international media by the SCI.AI editorial team.
