Paladin Capital (PCAP) Files Chapter 11 as Trucking Portfolio Collapses

Paladin Capital Inc. (PCAP) filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Tennessee on January 26, 2026. The filing impacts hundreds of trucking and logistics workers and lists assets between $10 million and $50 million and liabilities between $100 million and $500 million. The firm owns 100% equity in over 20 subsidiaries, including Robert Bearden Inc. and Quickway, both of which have also filed for Chapter 11. Causes include weakness in the freight market, rising insurance and equipment costs, and a default on a Truist Bank credit facility after insurer draws on letters of credit drained liquidity needed for equipment leases. The company said it has been unable to make payments to major equipment lenders since mid-2025. Paladin employs approximately 912 workers and plans Section 363 sales of individual business units to avoid widespread equipment repossessions. The filing underscores continued pressure on leveraged trucking platforms amid a protracted freight downturn.