Trailer Bridge Announces Emergence From Bankruptcy
Trailer Bridge, Inc. announced that it emerged from Chapter 11 proceedings.
William G. Gotimer, Jr. and Mark A. Tanner, the company’s co-chief executive officers, jointly stated, “Today marks the beginning of a new era for Trailer Bridge. While we are pleased to announce today’s developments, we are most proud of the fact that throughout the bankruptcy period we have successfully and consistently met the needs of our customers and vendors. Trailer Bridge has a young fleet of vessels and a cost-friendly model that provides significant benefits to our customers. With this new capital structure and ownership we believe we can improve our service in a number of ways to the benefit of all concerned.”
Throughout the process, Trailer Bridge continued to provide uninterrupted service to its customers and operated on its normal vessel sailing schedule between Jacksonville, FL; San Juan, Puerto Rico; and the Dominican Republic.
Trailer Bridge had originally submitted a restructuring plan to the United States Bankruptcy Court for the Middle District of Florida on January 14, 2012, which was approved by a federal judge on March 16, 2012.
The details on the company’s bankruptcy include the following key components:
Trailer Bridge provides integrated trucking and marine freight service to and from all points in the lower 48 states and Puerto Rico and Dominican Republic.
Previously on abfjournal.com: