Saddle Creek Logistics Services, a warehousing and transportation provider with around 400 power units, has a $1.35 million unsecured claim tied to Del Monte Foods’ Chapter 11 bankruptcy.
The privately held company has some sizable cushion in other revenue: According to Transport Topics, the company had $922 million in gross revenue in 2024. But the potential financial hit means further pressure on a freight environment already fraught with tariff risks and rough demand.
Saddle Creek didn’t immediately respond to messages seeking comment.
The bankruptcy, announced July 1, is poised to send ripple effects throughout the supply chain.
Del Monte Foods’ bankruptcy petition estimated over $1 billion in both assets and liabilities, affecting over 10,000 creditors.
Other transportation creditors with unsecured claims include brokers Transplace, owned by Uber Freight ($9 million) and New Hampshire-based ES3 ($4 million) as well as Florida-based carrier CHEP ($469,812).
Amid the more intense operating environment, creditors who don’t have secured claims will be lower in priority for repayment and at greater risk of getting less money than what’s owed.
The food company believes a court-supervised sale is the best way to turnaround its finances in a long-term position, Del Monte Foods President and CEO Greg Longstreet said in a news release.
“To further enable the Company’s smooth transition into Chapter 11, the Company has filed a number of customary ‘first day’ motions that, upon Court approval, will enable it to continue business operations in the ordinary course and on an uninterrupted basis,” the release said.
