☰ Sections Got a tip? Search

Cranberry Journal

Tuesday, October 6, 2026

Also in this edition
Markets
  • S&P 5007,827.14+0.68%
  • Nasdaq27,637.24+0.58%
  • Dow51,547.35+0.55%
  • 10-yr yield5.28%−0.60%
  • Crude$89.38−0.06%
At the close · Oct 6

Bankruptcy

Tagged stories

Empty dark leather booths and tables set for service in a restaurant dining room lined with large potted plants and pendant lamps.
Business

True Food Kitchen Raised $100 Million in 2022. It Entered Bankruptcy With Two Weeks of Cash.

True Food Kitchen, the health-food restaurant chain backed by Oprah Winfrey, filed for Chapter 11 on Sunday and closed 12 of its 46 restaurants. It had about $1.6 million of unrestricted cash, enough for roughly two weeks, and $42.1 million of funded debt, including merchant cash advances. The investor that led its $100 million round in 2022 is now lending it $20 million to stay open while it looks for a buyer.

By Thomas Gutierrez  

Two American semi-trucks with refrigerated trailers parked side by side in Arizona, seen from the front.
Business

The Trucking Companies Going Bankrupt Are Small. Diesel Is Paid in Days, Freight in Months.

At least 16 trucking and delivery companies entered bankruptcy between late August and 21 September, FreightWaves found. Seven of them ran six trucks or fewer. Diesel hit a record $6.53 a gallon in the same weeks, but spot freight rates have also risen, from about $2.40 a mile a year ago to $3.42. The squeeze on small carriers is less about the price of fuel than about when they have to pay for it.

By Cory Chamberlain