Trailer Bridge files for Chapter 11 protection
The company provides integrated trucking and marine freight service between 48 US states from the US Gulf, Puerto Rico and Dominican Republic. It also operates a ro–ro terminal in Puerto Nuevo in the Port of San Juan,
It is believed that the company, established in 1991 by Malcolm McLean who is considered to be the ‘founder of container shipping’ in the mid-fifties, will continue to operate its weekly services uninterrupted in order to restructure its balance sheet and ensure the long-term strength of operations.
“We fully expect to meet the needs of our customers, our commitments to employees and our obligations to suppliers during this restructuring and greatly appreciate their loyal support during this process,” said chief executive, William Gotimer in a statement.
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