National Road Logistics LLC, a 27-truck intermodal carrier based in Signal Hill, California, filed for Chapter 11 protection in the Central District of California with approximately $1.6 million in assets — including just $411,000 in cash — against $43 million in secured and unsecured liabilities, according to court filings reported by Yahoo Finance. The company's largest creditors include Nordstrom at $9.5 million, Prologis Management at $8.3 million, and Sunshine Distribution at $7.5 million in breach of contract claims.
Operator takeaway
When a carrier you serviced enters Chapter 11 with a 27-to-1 debt-to-asset ratio, your tow or recovery invoice becomes an unsecured claim paid in pennies — confirm carrier financial health and get payment before releasing vehicles.