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Dive Brief:
- Triple RRR Carriers this month filed for Chapter 7 bankruptcy and notified Texas’ secretary of state that it has ended operations.
- The Laredo, Texas-based firm reported nearly $1.2 million in liabilities and $2,000 in assets for office equipment, supplies and furniture. The document also listed payments to creditors for 48 tractors, mostly for 2018-2022 model years, as well as trailer equipment.
- As recently as early May, the carrier reported 177 trucks and 286 drivers, according to a Federal Motor Carrier Safety Administration database.
Carrier bankruptcy reports payments to lenders
The number of power units tied to creditors as described in the carrier’s bankruptcy petition.
| Make/model | Year | Total |
|---|---|---|
| Freightliner | 2023 | Two |
| International | 2021 | Five |
| Kenworth | 2016 | One |
| 2017 | Two | |
| 2018 | 10 | |
| 2019 | Six | |
| 2020 | Seven | |
| 2023 | Two | |
| Mack Anthems | 2022 | Five |
| Peterbilt | 2023 | Three |
| Volvo | 2020 | Five |
SOURCE: Triple RRR Carriers’ Chapter 7 bankruptcy petition
Dive Insight:
Trucking company bankruptcies have occurred amid freight demand challenges, higher operating costs and federal regulatory changes in recent years, tightening capacity.
Some firms, such as STG Logistics, have sought to reorganize operations through the process, while others have opted to shutter operations.
Triple RRR Carriers, which engaged in cross-border freight, said on its website it had drivers with CDLs and B-1 credentials.
The carrier is not the only Laredo-based business that has reported financial challenges recently. Texas International Enterprises filed for Chapter 11 bankruptcy in December.
