Del Monte Foods has filed for Chapter 11 bankruptcy, potentially leaving Saddle Creek Logistics Services, a warehousing and transportation company operating about 400 trucks, with a $1.35 million unsecured claim. While Saddle Creek reported $922 million in gross revenue in 2024, the bankruptcy adds strain to an already challenging freight market marked by tariffs and weak demand. Del Monte’s bankruptcy filing, announced July 1, lists over $1 billion in assets and liabilities and more than 10,000 creditors. Other transportation-related unsecured creditors include Transplace (owned by Uber Freight) with $9 million at stake, ES3 with $4 million, and CHEP with $469,812. Creditors without secured claims face lower repayment priority and higher risk of financial losses. Del Monte’s leadership, including President and CEO Greg Longstreet, stated that a court-supervised sale offers the best chance to stabilize the business for the long term. The company has filed initial motions to ensure it can continue operating normally during the proceedings. The bankruptcy may cause broader disruptions across the supply chain, affecting trucking companies and logistics partners tied to Del Monte’s distribution network.
