H5 transport, a North Dakota-based truckload and LTL carrier, has filed for bankruptcy protection under chapter 11 of the Federal Bankruptcy Code.
It continues to operate, according to the court documents filed with the U.S. Bankruptcy Court for North Dakota.
According to the company’s data available through the Federal Motor Carrier Safety Administration, H5 is a relatively small carrier. Its record lists 10 power units and three drivers. Its headquarters is in Oakes, North Dakota.
In a document filed with the court by Christianna Cathcart of The Dakota Bankruptcy Firm, the attorney representing H5, she described the company as “a small, owner-operated trucking company that relies on independent contractor drivers who are paid weekly for the prior week’s miles.” That statement was made in a request to the court to allow a factoring agreement with Advance Business Capital, a unit of Triumph Business Capital (NASDAQ: TFIN), to continue.
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