This sound is generated automatically. Let us know if you have any feedback.
Creditors and former employees seek compensation after US Logistics Solutions plunges declared bankruptcy on June 21.
A lender had quickly cut off funding, and the company’s leaders tried to find additional investment and partners to no avail. the bankruptcy filing said.
“In recent months, USLS has implemented several strategic initiatives aimed at stabilizing and revitalizing the company,” the company said, adding that its leadership “worked tirelessly to address challenging market conditions” and sought to optimize operational efficiency and to adapt to changes. needs in the logistics industry.
Eric Culberson, who was promoted to chairman in February, said the privately owned group of the transportation provider decided to close the doors. Culberson said a LinkedIn post that the decision took place even though business was growing.
“The timing of this closing has not afforded me the opportunity to thank my team for their commitment and support of our customers and each other,” he wrote.
Days after bankruptcy, ex-worker Robert Munro filed a legal complaint, search 60 days’ wages for workers. The lawsuit alleges the company laid off about 2,000 workers without the notice required by law.
The Humble, Texas-based company said in the statement that it is seeking to liquidate assets and treat its 1,000 or more creditors equally.