Illinois trucking company files for Chapter 11 bankruptcy

Nationwide Cargo, Inc., of East Dundee, IL, filed for Chapter 11 bankruptcy protection March 13.

According to the Federal Motor Carrier Safety Administration’s SAFER database, Nationwide employs 171 drivers and operates 183 trucks. It carries general freight, meat, and fresh produce.

According to its bankruptcy filing, it lists 1-49 creditors, assets of $1,000,001-10 million, and liabilities of $10,000,001-50 million.

Hristo Angelov is listed as president of Nationwide Cargo.

According to FreightWaves, the company trucks have a higher out-of-service rate than the industry average, and in the past two years, its trucks have been involved in 12 injury crashes and 18 tow-aways. Illinois trucking company with 171 drivers files for bankruptcy – FreightWaves

Revenues were listed as $9.3 million from January 1 to its filing date, with $40 million in 2023 and $34 million in 2022.

Nationwide is involved in three pending lawsuits in Tennessee, Illinois, and Arizona.

The company is not listed in the Blue Book database.