Creditors and former employees are looking for compensation after U.S. Logistics Solutions abruptly filed for bankruptcy on June 21.
A lender had quickly halted funding, and company leaders tried to find additional investment and partners to no avail, a bankruptcy announcement said.
“Over the past several months, USLS has implemented numerous strategic initiatives aimed at stabilizing and revitalizing the company,” the company said, adding that its leadership “worked tirelessly to navigate the challenging market conditions” and tried to optimize operational efficiencies and adjust to changing needs in the logistics industry.
Eric Culberson, who was promoted to president in February, said the transportation provider’s private ownership group decided to close the doors. Culberson said in a LinkedIn post that the decision happened even though business was surging.
“The timing of this closure did not give me the chance to thank my team for their commitment and support to our customers and to each other,” he wrote.
Days after the bankruptcy, former worker Robert Munro filed a legal complaint, seeking 60 days’ pay for workers. The lawsuit alleges the company discharged about 2,000 workers without providing advance notice required by law.
The Humble, Texas-based company said in the announcement that it seeks to liquidate assets and treat its 1,000 or more creditors equitably.
