A) Balkan Express and Balkan Logistics (Texas)
Assets: Estimated between $10 million and $50 million. The companies owe over $25 million and plan to acquire four warehouses from Tyson Foods, develop two new automated warehouses, and hire over 1,000 Tyson employees as part of their restructuring.

B) Kadam Logistics (Illinois)
Assets: Estimated between $100,000 and $500,000. Revenues have sharply declined over recent years, with assets reflecting a small operation struggling to stay afloat.

C) Sweet Trucking (Tennessee)
Assets: Estimated between $1 million and $10 million. Revenue has decreased steadily over three years, with the company’s largest unsecured creditors including the IRS and banks.

D) Truck & Trailer Leasing (Illinois)
Assets: Estimated between $10 million and $50 million. This is its second bankruptcy in just over a year, following a previous case in March 2024.

E) Starr Rail (Texas)
Assets: Estimated between $1 million and $10 million. Major unsecured creditors include CPKC Railroad and Kiamichi Railroad.

F) LML Logistics (Florida)
Assets: Estimated between $100,000 and $500,000. The company operates 10 trucks and 16 drivers, mainly transporting produce, meat, and refrigerated goods.

G) Accelerate360 (South Dakota)
Assets: Not specified; the company is closing its Sioux Falls distribution center by June 28, 2025, with 324 layoffs planned due to work being outsourced.

H) Davis Express (Florida)
Assets: Not specified; the family-owned business announced closure after 44 years, with 146 layoffs scheduled for June and August 2025. The owner cited unfavorable business conditions.

I) Wals Transport (Tennessee)
Assets: Estimated between $100,000 and $500,000. Filed for Chapter 11 on March 25, 2025, amid financial distress, with unsecured creditors including the U.S. Small Business Administration and Fountain Equipment Finance.

J) Best Logistics Inc. (Tennessee)
Assets: Estimated at up to $50,000. Filed for Chapter 11 on April 7, 2025, with debts between $50,000 and $100,000, mostly owed to local government entities.

K) C&C Freight Network (Georgia)
Assets: Estimated between $100,000 and $500,000. Filed for Chapter 11 on April 7, 2025, with debts from $1 million to $10 million, facing significant financial difficulties.

L) Best Choice Trucking LLC (Massachusetts)
Assets: Estimated between $1 million and $10 million. Filed for Chapter 11 on April 7, 2025, primarily due to vehicle financing debts.

M) Kingsley Trucking (Canada)
Assets: Not specified. The 46-year-old Vancouver Island-based trucking company has been placed into receivership at the request of Royal Bank of Canada, which reports that the company owes approximately $6.7 million. Kingsley Trucking ceased operations on April 17, 2025, after being unable to secure financing or resolve its defaults. The company employed over 100 staff, including 23 trucks and 41 drivers.

Summary

The first half of 2025 has seen a wave of bankruptcies and closures across the transportation and logistics industry, driven by economic pressures, falling freight demand, and rising operational costs. Many small and mid-sized firms are struggling to stay afloat amid declining revenues and mounting debt. This trend highlights the ongoing challenges facing the industry, including market volatility, tariff impacts, and fierce competition. As the sector navigates these turbulent waters, many companies are forced to downsize, restructure, or cease operations altogether, reshaping the landscape of freight and logistics in the U.S. and Canada.