Background on Greatwide
Greatwide Logistic Services, the largest non-asset based trucking company in the United States, filed a petition for chapter 11 bankruptcy in Delaware on October 20, 2008. By “non-asset based,” Greatwide operates a network of 6,000 independent contractor owner-operators and approximately 20,000 independent third-party carriers. Located in Dallas, Texas, Greatwide provides four primary services: trucking, back-office management to agents who source freight shipments, freight brokers who arrange shipping for customers, and distribution logistics. Trucking and other transportation services generate over 50% of Greatwide’s annual revenue.