Table of Contents
An Indiana-primarily based trucking company not too long ago submitted Chapter 11, additional than a thirty day period right after the Federal Motor Carrier Safety Administration ordered the provider to suspend interstate operations right after acquiring an unsatisfactory rating.
JCB Trucking Enterprises LLC, headquartered in Lafayette, Indiana, filed its petition in the U.S. Bankruptcy Court docket for the Northern District of Indiana on March 18.
In its submitting, JCB Trucking Enterprises lists its belongings as up to $50,000 and its liabilities as amongst $1 million and $10 million. The trucking enterprise states that it has up to 49 collectors and maintains that cash will be out there for distribution to unsecured collectors as soon as it pays administrative expenses.
Its affiliate corporation, JKM Storage and Rentals LLC, also headquartered in Lafayette, submitted for individual bankruptcy on the exact working day.
Precedence creditors stated in the petition incorporate Michael C. Bloom and Jacob C. Bloom, owed $4,500 apiece for March wages, and Kristen Bloom, owed $2,400. All are shown as doing work at the trucking company’s headquarters in Lafayette.
Company owner Michael Bloom did not respond to FreightWaves’ request searching for remark.
Among the the most significant unsecured creditors are Decreased Fantastic Lakes Kenworth, a truck elements and services facility, headquartered in South Bend, Indiana, owed practically $198,000 M&K Truck Leasing LLC of Byron Middle, Michigan, owed more than $188,000 and Heritage Interactive Providers of Indianapolis, owed a lot more than $97,000. JCB Trucking Enterprises disputes all 3 creditors’ promises in its bankruptcy petition.
The trucking business also lists the U.S. Section of Transportation as a nonpriority creditor “for likely fines from audit,” but no volume was stated.
Heritage of safety violations
The FMCSA knowledge cites “denial of access” as the rationale JCB Trucking Enterprises was positioned out of assistance on Feb. 18. The agency up-to-date its authority background to point out the Indiana-primarily based trucking company’s agreement provider authority was revoked since of a “safety suspension” on March 21. The company’s functioning authority experienced been revoked and reinstated 3 periods formerly because 2007, in accordance to the FMCSA web page.
The FMCSA’s Compliance, Protection, Accountability (CSA) technique, made use of to prioritize enforcement actions in opposition to motor carriers, lists that JCB Trucking Enterprises exceeded the protection threshold in two of the 7 Basics when compared to its friends. CSA info reveals the trucking organization had an 89% in unsafe driving and 93% in HOS compliance.
Its vehicles experienced been inspected 31 situations and 3 had been positioned out of provider in a 24-thirty day period period of time, ensuing in a 16.7% rate, which is reduce than the industry’s nationwide average of about 21%. Drivers for JCB Truck Enterprises were inspected 31 times and 5 have been put out of provider, resulting in a 16% out-of-provider level. The countrywide typical for motorists is about 5.8%
Considering that the trucking company’s authority was granted in March 2001, JCB Truck Enterprises was requested to fork out a lot more than $17,000 in fines for closed enforcement cases in 2015 and 2018, in accordance to FMCSA info.
The last time 1 of the company’s vehicles was inspected was in North Carolina on Feb. 23. In accordance to the inspection details, the truck was put out of assistance for “operating a professional motor vehicle after the successful date of an unsatisfactory score.”
A assembly of collectors is scheduled for April 19.
Got a idea? Get hold of Clarissa Hawes at [email protected].
Go through a lot more articles by Clarissa Hawes:
Truck motorists at MATS rank parking as top field challenge
People’s Convoy states it has resources to very last 1 extra week
Minnesota logistics organization folds, documents Chapter 7
Enjoy FreightWaves CEO Craig Fuller discuss the imminent downturn in the U.S. trucking marketplace right here:
Sign-up right now for the Potential of Source Chain #FOSC22
The major voices in supply chain are coming to Rogers, Arkansas, on Might 9-10.
*restricted term pricing obtainable.