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Comcar Industries Files Bankruptcy, Eyes Sale of Trucking Units

May 18, 2020, 7:40 PM

Comcar Industries Inc. filed for bankruptcy with plans to auction off its trucking subsidiaries, falling victim to an industrywide recession that has affected hundreds of freight transporters.

The Auburndale, Fla.-based hauling company filed for Chapter 11 relief Sunday at the U.S. Bankruptcy Court for the District of Delaware. Comcar listed $66.7 million worth of assets and $85.6 million in liabilities, looking to stanch more than a year of losses by selling its four standalone businesses.

The company lost a total of $25 million in 2019 and $6 million through this year’s first quarter, reflecting distress that has plagued the U.S. ...