As we heard late Thursday, APX Logistics, which claims to be the largest parcel consolidator in the country, has filed for bankruptcy. Details of exactly what happened are still fuzzy, but here are some additional items that have been posted today:

• The first public notice of APX’s bankruptcy seems to have been this SEC filing from Werner Enterprises, which provided truckload services for APX. The filing states that APX had filed for bankruptcy protection on March 15, and that APX owed Werner “$7.2 million in accounts receivable for freight shipments. Werner suspended freight shipments with APX Logistics effective March 15, 2006.”
• Transport Topics reports that APX ranks “number 37 on Transport Topics list of the 50 largest logistics companies”, and “owns more than 400 trucks and employs more than 1,800 workers”.
• Dow Jones reprises APX’s history: “The company, formerly American Package Express, is controlled by Boston-based private equity firm Heritage Partners. Heritage merged the package business of R.R. Donnelly Logistics with American Package to create APX in 2004.”, and reports that “Eight APX affiliates also filed for bankruptcy in Los Angeles Thursday.”
• WGAL TV in Lancaster PA has a story about APX employees in a Pennsylvania town who found out about the company’s demise when they showed up for work this morning.

This entry was posted on Friday, March 17th, 2006 at 7:36 pm and is filed under APX, parcel consolidators. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.