Three trucking businesses recently filed for Chapter 7 bankruptcy, a process designed for liquidating assets.
The string of bankruptcies contrast with Chapter 11 reorganization bankruptcies that carriers have been undergoing in moves to continue operations.
Filings from the last week of October included:
- Road King Transport of Manteca, California, which reported nearly $3.4 million in liabilities in its bankruptcy petition and 20 power units and drivers as of October 2025.
- Silk Route Transportation of White Plains, Maryland, which reported over $541,000 in liabilities in its bankruptcy petition and 12 power units and drivers as of May 2024.
- Jared and Sydney Lyons for their business Jared Lyons Trucking of Waverly, Illinois, reporting over $1 million in liabilities and four power units and drivers as of July 2024.
Road King Transport estimated it has hundreds of creditors, and significant unsecured claims included debts with the Small Business Administration for over $158,000 from June of this year and another SBA amount from September 2025 for nearly $143,000. Debts also included an amount with the Bank of Stockton for over $409,000 and Internal Revenue Service payments worth over $88,000. The carrier also reported multiple unsecured claims with BMO, Daimler Truck Financial and Volvo Financial Services.
Silk Route Transportation reported challenges with repaying financing for multiple power units from lenders such as Amur Equipment Finance, Commercial Credit Group, Kal Freight, Quality Equipment Finance and Super Ego Holding.
Unsecured debts for the Lyons and their trucking business range from taxes to loans, including a $46,407.43 amount from September 2024 with Citizens Bank for two 2016 Freightliner Cascadias, per the filing. The Lyons also had a $190,020 SBA loan from April 2026, the petition said.
Some of the other Chapter 7 bankruptcies this year have included trucking firms such as El Paso, Texas-based Site2Site Transport and Victory Freight Corp. of San Bernardino, California. Elsewhere, Chicagoland carriers DD Freight Express and Chicago Freight also initiated that process in July and August.
