Sparhawk Trucking Files for Bankruptcy
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Sparhawk Trucking, a forty-seven-year-old Wisconsin firm, files for Chapter eleven protection amidst a wave of bankruptcies in the trucking industry. With forty-nine point six million dollars in revenue in twenty twenty-two dropping to thirty-five million in twenty twenty-five, the company faces falling freight demand, low rates, and higher costs for fuel, labor, and insurance. Owing over ten point one million dollars to WoodTrust Bank and nearly seven hundred thousand dollars to a financial consultant, Sparhawks future hangs in the balance as the industry awaits signs of recovery.
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