Financial distress in the trucking and logistics industry since the Covid-19 pandemic has brought on the Great Freight Recession, which resulted in shipping companies launching either out-of-court restructurings or bankruptcy filings.

Low-cost airline Spirit Airlines was the most prominent airline to file bankruptcy as it filed its Chapter 11 petition on Nov. 18, 2024. The filing came after a judge blocked JetBlue Airways' ( JBLU) plan to acquire it last February and a merger deal with rival Frontier Airlines ( ULCC) fell through.

Books Inc., the oldest independent bookstore chain in San Francisco's Bay Area, has filed for Chapter 11 bankruptcy protection in an effort to save its remaining businesses. The company, established in 1851,

The bookstore retail sector has shrunk significantly over the last 25 years as Amazon and other online sales decimated brick-and-mortar booksellers. Crown Books, which had locations in malls, was one of the first major bookstore chains to fold in the new millennium,

The Bay Area's oldest independent book store has filed for bankruptcy, citing increased operating costs and changes in consumer buying habits. The big picture: Books Inc. operates 11 locations across the Bay,