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Bankruptcy Filed by Elmer Buchta Trucking, a Southern Indiana Trucking and Logistics Business

OTWELL, Indiana – A long-standing trucking and logistics business based in southern Indiana has recently filed for bankruptcy protection, highlighting the challenges faced by the industry. Elmer Buchta Trucking, an Evansville-based company with a history spanning over 80 years, has sought Chapter 11 protection as it grapples with its financial obligations.

Financial Situation

According to the filing made in the U.S. District Court in Indianapolis, the company’s assets amount to $5.5 million, while its liabilities are recorded at $26.3 million. This significant disparity places the company in a precarious financial position, necessitating the bankruptcy filing to reorganize its operations and address its mounting debt.

Company Profile

Originally established in Otwell, the company has grown to encompass a substantial fleet of 236 vehicles, operated by a team of 100 drivers, according to federal motor carrier records. Elmer Buchta Trucking, founded in 1938, has primarily focused on offering bulk, dry van, and pneumatic trucking services, as indicated by the Federal Motor Carrier Safety Administration data. It notably caters to various industries which rely on efficient transportation solutions.

In 2008, the Wright Family Investment Group acquired Elmer Buchta Trucking, before eventually selling it to Transport Acquisitions, a private-equity firm, around nine months ago. However, despite this change in ownership, the financial challenges faced by the company persisted, eventually leading to the bankruptcy filing.

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Role in the Midcontinent Independent System Operator Electrical Grid

Additionally, Elmer Buchta Trucking boasts being the largest bulk transporter and one of the most significant transporters serving the Midcontinent Independent System Operator electrical grid. This recognition underscores the company’s extensive experience and vital contributions to the regional energy sector.

Otwell Community

Otwell, an unincorporated community situated in Pike County, serves as the founding location for Elmer Buchta Trucking. Positioned approximately halfway between Bloomington and Evansville, Otwell’s geographical advantage has played a role in facilitating the company’s transportation services throughout the years.

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