Logistics Firms Hurt By Eddie Bauer Bankruptcy

Logistics firms appear to be big losers of high-street retailer, Eddie Bauer’s, chapter 11 bankruptcy filing. Expeditors International of Washington is owed $700,000 and is the sixth largest creditor. This is significantly less than the $75 million owed to the Bank of New York.

Other logistics company’s owed money includes the parcel shipping specialist, Newgistics, who are owed $200,000, while FedEx are owed $131,000. TranzAct Technologies was another casualty, owed $100,000. TranzAct helps company’s with freight audit and payment, rate negotiation and contract development. In total Eddie Bauer reported $426.7 million in debt against $476.1 million in assets.

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