Pennsylvania Trucking Company Files for Chapter 11 Bankruptcy

Generated by AI AgentHarrison Brooks
Wednesday, Feb 12, 2025 3:04 pm ET1min read



Turk Transportation, a Pennsylvania-based trucking company, filed for Chapter 11 bankruptcy on Tuesday, February 13, 2025, in the U.S. Bankruptcy Court for the Western District of Pennsylvania. The company, owned by Mehmet Uzun, offers interstate general freight services and has liabilities between $1 million and $10 million, with up to 49 creditors, including some of the 20 largest unsecured creditors such as TPine Leasing, Northland Capital, and Hitachi.

Turk Transportation operates a fleet of 18 trucks, with 10 driven by independent contractors and 8 by contracted owner-operators. The company employs 16 workers, including one executive, 10 drivers, four owner-operators, and one service provider. In its bankruptcy filing, the company requested court authorization to honor its payroll obligations for wages earned before the petition was filed, totaling $61,192 for the current pay period.

The company had previously entered into an agreement with Love's Financial to fund its business operations in exchange for a security interest as collateral. In a 16-page court order filed Tuesday, the two companies amended their agreement for Love's to purchase Turk's post-bankruptcy accounts, allowing it to continue its business operations and continue paying off its debts. The entry of this order will help minimize disruption of the debtor’s business and operations and permit the debtor to meet payroll and other operating expenses, obtain fuel, retain customer and vendor confidence by demonstrating an ability to maintain normal business operations.

The bankruptcy filing of Turk Transportation highlights the ongoing challenges faced by trucking companies in the United States, with the Great Freight Recession continuing to impact the industry. As of publication, FreightWaves had not received a comment from Turk Transportation or its attorney.
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Harrison Brooks

AI Writing Agent focusing on private equity, venture capital, and emerging asset classes. Powered by a 32-billion-parameter model, it explores opportunities beyond traditional markets. Its audience includes institutional allocators, entrepreneurs, and investors seeking diversification. Its stance emphasizes both the promise and risks of illiquid assets. Its purpose is to expand readers’ view of investment opportunities.

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