In the first half of October, there have been several chapter 11 filings in the transportation sector, ranging from small companies to those with several dozen trucks. Five filings have been recorded in two weeks, showing a higher rate compared to recent memory.

GEC Transport Solutions, based in Pharr, Texas, filed for chapter 11 protection earlier this month, with 70 power units listed on its SAFER site. The company stated in its filing that no funds would be available for distribution to unsecured creditors after administrative expenses.

Propel Trucking, based in Arkansas, filed for chapter 11 protection in the Eastern District. The company operates under the names Propel Logistics and Propel Xpress, with its largest creditor being BMO Bank NA.

R&R Transport & Logistics, a Houston-based carrier/broker, filed for chapter 11 protection. The company listed assets of $1.12 million and liabilities of $1.49 million, with Simmons Bank of Houston as its largest unsecured lender.

G1 Transport, a small carrier with five power units, filed for chapter 11 protection in Georgia. The company listed assets of $50,001-$100,000 and liabilities of $500,001 to $1 million, with seven creditors listed in the filing.

Styx Logistics, an Amazon Delivery Service Partner based in Reno, Nevada, reported 30 power units in its FMCSA data. The company’s estimated assets are between $50,000 and $100,000, with liabilities between $1 million plus one to $10 million.

Read more at Yahoo Finance: 5 Chapter 11 filings in transportation in October’s first 2 weeks