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(1) Represents non-GAAP measures. For the quarter, Warehousing s freight revenue increased 33.0% versus the prior year quarter. The increase in revenue was primarily driven by the year over year impact of new customer business that began operations in the third quarter of 2020. Operating income for the Warehousing segment was $1.0 million and adjusted operating income was $1.4 million, compared with $0.7 million and $1.3 million, respectively, in the second quarter of 2020. Operating ratio for the Warehousing segment was 93.6% and adjusted operating ratio was 91.0%, compared with 94.1% and 88.7%, respectively, in the second quarter of 2020. Capitalization, Liquidity and Capital Expenditures Joey Hogan, the Company s President, added the following comments: At June 30, 2021, our total indebtedness, net of cash ( net indebtedness ), decreased by $35.2 million to approximately $88.1 million as compared to the March 31, 2021 balance
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Illinois trucking company with history of HOS violations files Chapter 7
B & B Logistics shuttered operations soon after receiving a conditional rating for HOS violations
0 578 2 minutes read B & B Logistics of Elmhurst, Illinois, shuttered operations and filed Chapter 7 bankruptcy in mid-May. Photo: Jim Allen/FreightWaves
An Illinois trucking company, cited several times for hours-of-service (HOS) violations, shuttered operations and filed Chapter 7 bankruptcy in mid-May.
B & B Logistics Inc., headquartered in Elmhurst, filed its petition in the U.S. Bankruptcy Court for the Northern District of Illinois on May 13.
The trucking company, which once had 17 drivers and 19 power units, ceased operations nearly a year ago after its authority was revoked by the Federal Motor Carrier Safety Administration (FMCSA).