Dive Brief:
- Anchor South Transport of Alabama, Rambo Transport of California and Stoneman Trucking of Michigan filed for bankruptcy in recent weeks, highlighting continued financial strain on the freight services market.
- The trio filed Chapter 11 petitions, which are traditionally done to reorganize a business. Bankruptcy courts in their respective states received details on the small businesses.
- Business bankruptcies have been rising in recent years, especially Chapter 7 filings, which facilitate liquidation. From Q3 2025 to Q2 2026, compared to the previous 12-month period, business filings rose 16.9%, according to federal court data.
Dive Insight:
Business bankruptcies for the 12-month trailing period at the end of June totaled 26,941, and that annual tally has been growing in recent years and has more than doubled what it was four years ago.
But those totals are much less than those during the Great Recession and subsequent years when Chapter 7 and 11 business filings alone peaked at nearly 56,000 in 2009.
Anchor South Transport reported nearly $1.4 million in assets and $2.2 million in liabilities. Banks and financial institutions generally held secured claims on equipment. Among its assets, the company listed 19 trailers and 11 tractors, including 2020 Peterbilt, 2023 Peterbilt, 2021 Mack, 2021 Kenworth and 2016 Mack equipment.
Rambo Transport reported nearly $417,000 in assets and nearly $454,000 in liabilities. Four tractors, including a 2023 Peterbilt 579, 2024 Kenworth T680 along with a 2024 Volvo VNL 860 and 760, plus two reefer trailers, were among its assets.
Stoneman Trucking reported over $1 million in assets and over $892,000 in liabilities. Among its assets listed was a 2026 Peterbilt 589, 2022 Kenworth W900, 2012 International, 2012 Freightliner Cascadia, 2019 Kenworth W900, 2019 Peterbilt 389, 2004 Peterbilt 379, 2022 Peterbilt 389 and 2025 Mack.
