Major shipping company files for Chapter 7 bankruptcy, initiating liquidation process affecting US, territories, and Canadian locations.

A major shipping company filed for Chapter 7 bankruptcy, leading to a liquidation process affecting locations throughout the United States, U.S. territories, and Canadian provinces. The liquidation aims to settle debts and distribute assets among creditors. This development signals a significant change in the company's financial status, potentially impacting customers, suppliers, and employees.

January 28, 2024
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