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JHT Holdings files reorganization plan

Published Wednesday, June 25, 2008

The effects of the struggling economy on the trucking industry have hit JHT Holdings Inc., a holding company specializing in the transportation of heavy- and medium-duty trucks. The Kenosha, WI-based company and its 16 subsidiaries filed Chapter 11 bankruptcy on Tuesday in the U.S. Bankruptcy Court for the District of Delaware. The filing was voluntary and pre-negotiated with many of its lenders, the company said. Chapter 11 filings allow a company to reorganize financially while seeking relief from creditors. “Today’s action is simply a strategic financial decision on the part of JHT Holdings that will not impact the ...

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