A Missouri-based trucking company with 255 drivers has filed for bankruptcy, citing financial struggles and a challenging freight market. The company faced rising operational costs and declining demand, which led to its inability to sustain operations.
RBX, which hauls freight through the Midwest and Southeast, lists its assets as up to $50,000 and its liabilities as between $10 million and $50 million. The petition lists the number of creditors as up to 199 but did not include the amounts they are owed in its bare-bones petition.
The company states that funds will not be available for unsecured creditors once it pays administrative fees. 
Read the full story at FreightWaves.
