Virginia-based logistics firm, TBL Logistics, recently ceased operations and filed for Chapter 7 bankruptcy, impacting various stakeholders in the trucking and logistics sectors.
Headquartered in Appomattox, Virginia, TBL Logistics submitted its petition on Feb. 29 to the U.S. Bankruptcy Court for the Western District of Virginia. With assets and liabilities estimated between $1 million and $10 million, the company disclosed having up to 49 creditors and indicated that there would be no funds available for unsecured creditors beyond administrative fees.
Owned by Christopher Bradner and Melinda Bradner, TBL Logistics specialized in hauling refrigerated and oversize loads. Despite repeated attempts, their attorney, Stephen E. Dunn, has not yet provided a comment.
Among the creditors are companies such as Motive Technologies of Dover, Delaware, Love’s Travel Stops of Oklahoma City, and the IRS, although specific amounts are not disclosed.
According to the Federal Motor Carrier Safety Administration’s SAFER website, TBL Logistics obtained common carrier authority in June 2021 but had its operating authority revoked in January 2024. Prior to ceasing operations, the company operated with four power units and seven drivers. The cancellation of TBL Logistics’ Bodily Injury Property Damage Coverage (BIPD) on Jan. 20 was a significant factor. Additionally, the company had been involved in two injury crashes in the past 24 months, according to FMCSA data.
A creditors meeting is scheduled for March 26 to address the situation further.
Stay updated with supply chain logistics news on The Supply Chain Report. Free international trade tools are available at ADAMftd.com.
#VirginiaLogisticsBankruptcy #TruckingSectorImpact #LogisticsSectorAffected #BankruptcyInVirginia #TBLLogisticsCollapse #SupplyChainImpact #TransportationCrisis #TruckingIndustryHit #LogisticsChallenges #BankruptcyAftermath #News #TheSupplyChainReport
