#United States #logistics #Kal Freight #Chapter 11 #Fontana

Kal Freight Inc. Enters Chapter 11 for Strategic Restructuring

Kal Freight Inc., a well-regarded player in the transportation and logistics sector, has recently confirmed its decision to file for voluntary Chapter 11 restructuring. This strategic move is designed to help the company enhance its operations and ensure a solid foundation for future growth. This restructuring process will take place in the Bankruptcy Court for the Southern District of Texas, marking a significant transition for the company that has been a reliable provider of logistics services since its inception in 2014.

In order to support its operations during this challenging time, Kal Freight intends to utilize debtor-in-possession financing. This financing will provide the company with the necessary liquidity to continue its normal business operations while implementing critical restructuring initiatives. The company reassured stakeholders that it will maintain full payroll for employees and will continue to honor its financial commitments to vendors and suppliers under pre-existing terms for goods and services rendered after the filing date.

As part of its restructuring process, Kal Freight has appointed Bradley D. Sharp from Development Specialists, Inc. to serve as its chief restructuring officer. This appointment indicates the company’s commitment to a focused and effective transformation strategy aimed at improving operational efficiency and long-term profitability. According to company officials, the primary goal during this process is to keep serving customers and trade partners while ensuring that employee safety remains a top priority.

The company has laid out plans to submit customary first-day motions to the Bankruptcy Court. Once these motions are approved, they will facilitate a smooth transition into the Chapter 11 process, allowing Kal Freight to continue its operations without disruption.

For stakeholders interested in following the ongoing developments in this court-supervised process, relevant court filings can be accessed online at Stretto's case website or through the company's claims agent, Stretto. They can be reached at their toll-free number or the international call number for more detailed inquiries.

Kal Freight has positioned itself as a dependable trucking service provider with a robust portfolio of transportation and logistics offerings. The company operates strategically located warehouses and terminals throughout the United States, including major sites in Fontana, California, New Jersey, Indiana, and Texas, among others. Its core values center around integrity and resilience, which have earned it a solid reputation across diverse industries.

The restructuring initiative is expected to not only stabilize Kal Freight’s financial standing but also enhance its operational capabilities, ultimately allowing it to emerge stronger and more competitive in the logistics sector. As Kal Freight embarks on this crucial journey, it remains steadfast in its commitment to delivering superior services to its valued customers, a hallmark that has defined its operations to date.

In summary, Kal Freight’s Chapter 11 filing is a strategic measure aimed at revitalizing its business model and ensuring long-term sustainability in an increasingly competitive landscape. With expert guidance and a clear roadmap ahead, the company is poised to achieve its restructuring goals and continue its legacy as a leading transportation and logistics provider in the United States.