T.G.S. Transportation, Inc has entered bankruptcy proceedings. The drayage trucking company, with more than 40 years of experience, has taken this step following the permanent shutdown of its operations in July 2025.
T.G.S. Transportation, Inc Voluntarily Files for Chapter 7
T.G.S. Transportation, Inc submitted a voluntary bankruptcy petition on February 13 in the U.S. Bankruptcy Court for the Eastern District of California, latest PACER data shows. The Fresno-based trucking company made a Chapter 7 filing, which is generally used to liquidate assets, not restructure the business.
Peter Schneider, the President and CFO at T.G.S. Transportation, Inc, was authorized to file the petition on behalf of the company. Attorney Peter Fear of Fear Waddell, P.C., is representing the trucking company in court.
Permanent Closure Precedes Bankruptcy
On July 31, 2025, Peter Schneider announced through a LinkedIn post that T.G.S. Transportation, Inc was closing permanently after 40 years of business. Peter Schneider cited ‘challenging market conditions’ as the main reason for the company’s closure.
T.G.S. Transportation, Inc’s Chapter 7 filing follows its decision to stop business operations for good.
The T.G.S. Transportation team thanked customers, vendors, and industry partners for their support throughout the company’s 40-year history.
Company Background
T.G.S. Transportation, Inc was founded on May 1, 1985, by Timothy G. Schneider. The company launched as a small startup and was formally incorporated within six months of opening its doors.
In 1987, Schneider secured a site for the company’s headquarters, creating a permanent home for its operations. His son, Peter Schneider, took up a leadership role in 1993 by joining the company full-time. In the same year, T.G.S. Transportation, Inc adopted the slogan “The Service You’ve Come to Depend On.”
The Fresno company offered international and domestic drayage, LCL shipping, and intermodal transportation.
Case Related Details
Further details listed in T.G.S. Transportation, Inc’s latest Chapter 7 petition are:
- Filing Date: February 13, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Eastern District of California
- Type of Filing: Active, Voluntary Petition
- Chapter: 7
- Case Number: 26-10601
- Estimated Assets: $50,001-$100,000
- Estimated Liabilities: $1,000,001-$10 million
- Reason for Filing: Liquidate assets under court supervision
As of now, the drayage transportation company owes roughly 100 to 199 creditors in total. Court records indicate that after administrative expenses are paid, no funds will be available for distribution to the unsecured creditors.
The petition lists several documents submitted by T.G.S. Transportation, Inc in the court. These include a summary of assets and liabilities, a statement of financial affairs, a corporate resolution statement, a disclosure of the attorney’s compensation, and a statement regarding the corporate debtor’s ownership. Schedules A/B, D, E/F, G, and H were also filed.
After closing operations, T.G.S. Transportation, Inc. now faces the formal end of its business through Chapter 7 bankruptcy.
