JCB Trucking in Indiana Files for Land Line Bankruptcy
JCB Trucking Enterprises LLC (US DOT 936585), Lafayette, Ind., filed for bankruptcy against its creditors.
The Chapter 11 petition was filed March 18 in the US Bankruptcy Court for the Northern District of Indiana. The company began operations in 2001. The petition was signed by Michael C. Bloom.
A bankruptcy petition was also filed for an affiliate, JKM Storage and Rentals LLC, Lafayette, on the same day.
The Federal Motor Carrier Safety Administration reports on its SAFER website that it has ordered the JCB Trucking out of service on February 18 for “refusal of access”.
An inspection report dated Feb. 25 listed two off-duty driver violations, for driving a commercial vehicle with a suspended CDL and driving a commercial vehicle while disqualified.
The company’s contract carrier authority was revoked due to a “safety suspension” on March 21.
Carrier violations listed over the past 24 months include six for speeding, three lane restrictions and one for not wearing a seatbelt and using a cell phone while driving.
The FMCSA safety measurement system lists JCB Trucking as having 13 vehicles and 16 drivers.
In the 24 months to March 30, 2022, the company’s out-of-service vehicle rate of 16.7% was lower than the national average of 21.19%. Three vehicles out of 18 inspections were taken out of service.
Its off-duty driver rate for the same 24 months was also 16.7%, higher than the national average of 5.82%. Five drivers were taken out of service in 30 inspections.
There were two accidents with injuries recorded for the period and one accident without injury.
JCB Trucking’s largest unsecured creditor listed in a document filed with the petition is Lower Great Lakes Kenworth in South, Bend, Ind., for $197,230.
Next in amount owed is M&K Truck Leasing, Byron Center, Michigan, for $188,071.
Other unsecured creditors: Heritage Interactive Services, Indianapolis, for $97,480; American Express for $76,017; and Chase Ink Card for $68,286.
A profit and loss statement from JCB Trucking showed gross trucking revenue of just over $500,000 for January-February 2022. Total cost of goods sold was $244,625. Salary expenses were $144,678 and total expenses were $210,947. LL