business
/
economy

California Logistics Firm Files for Chapter 11 Amid Client Losses

1 hour ago

California Logistics Firm Files for Chapter 11 Amid Client Losses
Generated image for illustrative purposes:

7 Highlights

  • Starship Logistics LLC filed for Chapter 11 bankruptcy in California on November 11.
  • The company lost major customers and faced financial struggles and post-COVID shifts.
    • Starship's liabilities exceed $1 million, affecting its operations and financial stability.
    • The firm's Chapter 11 filing aims to restructure and continue business operations.
    • Legal action from landlords and pending lawsuits for contract breaches trouble the firm.
    • Both secured and unsecured creditors are listed within the bankruptcy petition.
    • Starship's report shows $8.7 million in gross revenue before bankruptcy filing.
0 Comments

0 Comments

Be the first to comment

Add your thoughts and get the conversation going.

Related Articles

Netflix’s Mike Tyson-Jake Paul Fight Faces Criticism Over Streaming Issues
Generated image for illustrative purposes:

Netflix’s Mike Tyson-Jake Paul Fight Faces Criticism Over Streaming Issues

10 minutes ago

  • Over 60 million tuned into Netflix's Tyson-Paul fight, setting viewership records.
    • Streaming glitches marred Netflix's live broadcast of the Tyson-Paul fight.
    • The National Association of Broadcasters criticized Netflix's streaming issues.
    • Despite tech problems, CEO Elizabeth Stone called the event a success.
    • Netflix plans to stream NFL Christmas games, eyes improvement in live sports.
    • Howard Stern warned Netflix about potential NFL streaming challenges.
    • Investors optimistic as Netflix shares rose after record-breaking viewership.
0
Sabrina Carpenter's LA Show Highlighted by Marcello Hernández's Domingo Cameo
Generated image for illustrative purposes:

Sabrina Carpenter's LA Show Highlighted by Marcello Hernández's Domingo Cameo

11 minutes ago

  • Sabrina Carpenter's LA show featured SNL's Marcello Hernández.
    • Hernández appeared as Domingo from a viral SNL sketch.
    • Carpenter playfully 'arrested' Hernández with pink cuffs.
    • The event at Kia Forum on Nov 17 had a lively vibe.
    • Unexpected guests are a signature of Carpenter's shows.
    • Fans loved the surprise, boosting concert publicity.
    • Videos of their interaction went viral on TikTok.
0
Trial Begins in Human Smuggling Case as Family Tragically Freezes to Death at Border
Generated image for illustrative purposes:

Trial Begins in Human Smuggling Case as Family Tragically Freezes to Death at Border

21 minutes ago

  • Trial for Patel and Shand on human smuggling begins November 18, 2024, in Minnesota.
    • They are accused of smuggling linked to tragic deaths at the U.S.-Canada border.
    • Family from India froze to death in January 2022 trying to cross into the U.S.
    • Migrants were given false hopes of a better life using Canadian student visas.
    • Prosecutors claim Patel and Shand risked lives in blizzards for border crossings.
    • Shand allegedly paid $25,000 for smuggling trips, facing a five-day federal trial.
    • The tragedy underscores the dangers of smuggling amidst brutal weather conditions.
0
Gina Kirschenheiter's Friendship with Heather Dubrow Faces New Challenges
Generated image for illustrative purposes:

Gina Kirschenheiter's Friendship with Heather Dubrow Faces New Challenges

26 minutes ago

  • Gina Kirschenheiter questions Heather Dubrow's friendship over lack of support.
    • Tension between Gina and Heather grows during 'RHOC' Season 18, airing since August.
    • Dubrow denies the paparazzi photos scandal as Kirschenheiter feels unsupported.
    • Gina alerts Heather about the controversy revival but doesn’t get thanks.
    • Kirschenheiter claims she alone defends Heather against ongoing accusations.
    • Gina's dad's Instagram comment leads to trolls; she explains and he deletes them.
    • Fans advise Gina against bangs due to past style blunders, making her joke about it.
0
Kelly Brook Announces Career Shift Toward Less Provocative Modeling
Generated image for illustrative purposes:

Kelly Brook Announces Career Shift Toward Less Provocative Modeling

30 minutes ago

  • Kelly Brook shifts modeling style to reflect personal happiness.
    • Brook, 44, embraces a more reserved modeling approach.
    • Married to Jeremy Parisi, she focuses on happiness in her 40s.
    • Uncertainty in location with Parisi delays family planning.
    • Kelly prioritizes work and living decisions before expanding family.
    • Featured on BBC's 'Race Across The World' to substitute delayed honeymoon.
    • Brook's evolution focuses on personal contentment over fame.
0

Log in to continue reading

Unlimited Access
Personalized Feed
Full Experience

By continuing, you agree to the Privacy Policy. You also agree to receive our newsletters, you can opt-out any time.

Explore Your Interests

Create an account and enjoy content that interests you with your personalized feed

Unlimited Access
Personalized Feed
Full Experience
By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.