Jan 14, 2025 at 04:27 PM CST
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A St. Louis trucking company and its equipment leasing affiliate recently filed for Chapter 11 bankruptcy, citing the “challenges of the freight market” as one of the main reasons they are seeking to reorganize. Angie’s Transportation and sister company STL Equipment Leasing Co. of St. Louis filed for Chapter 11 bankruptcy in December 2024 in the U.S. Bankruptcy Court for the Eastern District of Missouri. The filings come amid lawsuits filed against the companies by some of their lenders. According to court documents, the companies have defaulted on at least 10 purchase money loan agreements. |