The private operator of the Indiana Toll Road has filed for bankruptcy reorganization, following a deal several years ago in which a consortium of Spanish and Australian investors leased the route from the state of Indiana.
The private operator of the Indiana Toll Road has filed for bankruptcy reorganization, following a deal several years ago in which a consortium of Spanish and Australian investors leased the route from the state of Indiana.
ITR Concession Co. says it either will restructure $6 billion in debt, in which senior creditors will swap what they are owed for a more than 95% share in a reorganized company, or the company will sell its lease at auction with proceeds going to pay creditors, according to The Wall Street Journal.
The more than 150-mile route was leased in 2006 for 75 years in exchange for paying Indiana $3.8 billion dollars, but since that time It has seen traffic decline more than 40% along the route, due in part to higher tolls. The cost nearly tripled for a typical five-axle truck to take the entire route, according to Landlinemag.com in a story just before the bankruptcy filing.
Some in trucking were originally against the leasing of the Indiana Toll Road over concerns it would lead to higher tolls.
A report in Businessweek notes that this is not the first toll road operator to seek creditor protection. Operators of the South Bay Expressway, a 10-mile toll road near San Diego, and the 16-mile Southern Connector in Greenville County, South Carolina, each filed for bankruptcy in 2010 after experiencing low traffic.
The Indiana Finance Authority, which approved the lease of the Indiana Toll Road, said it is monitoring the situation and said it would have to approve any change in the toll road’s operations.
A new partnership brings free wireless ELD service plus load optimization and dispatch planning tools to fourth- and fifth-generation Freightliner Cascadia customers, with broader model availability planned through 2026.
This white paper examines how advanced commercial vehicle diagnostics can significantly reduce fleet downtime as heavy duty vehicles become more complex. It shows how Autel’s CV diagnostic tools enable in-house troubleshooting, preventive maintenance, and faster repairs, helping fleets cut emissions-related downtime, reduce dealer dependence, and improve overall vehicle uptime and operating costs.
The $283 million acquisition of FirstFleet makes Werner the fifth-largest dedicated carrier and pushes more than half of its revenue into contract freight.
B2X Rewards is a new, gamified rewards program aimed at driving deeper engagement across BBM’s digital platforms, newsletters, events, and TheFleetSource.com.
Cargo theft losses hit $725 million last year. In this HDT Talks Trucking Short Take video, Scott Cornell explains how a bill moving in Congress could bring federal tracking, enforcement, and prosecutions to help address the problem.
Cargo theft activity across North America held relatively steady in 2025 — but the financial damage did not, as ever-more-sophisticated organized criminal groups shifted their cargo theft focus to higher-value shipments.
A new partnership between Phillips Connect and McLeod allows fleets to view trailer health, location, and cargo status inside the same McLeod workflows used for planning, dispatch, and execution.
