---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-044221"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:31:32.691403+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TLSS subsidiaries TLSS-FC and Freight Connections file Chapter 7 bankruptcy

## Summary
- On Dec 1, 2023, subsidiaries TLSS-FC Inc. and Freight Connections Inc. filed voluntary Chapter 7 petitions in NJ Bankruptcy Court.
- Trustee Steven P. Kartzman appointed to market and sell FC assets to maximize value for creditors and stakeholders.
- TLSS expects no impact on remaining operations: Cougar Express, JFK Cartage, and Severance Trucking.

## SEC filing metadata
- accession: 0001493152-23-044221
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315223044221/0001493152-23-044221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315223044221/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-044221
- JSON: https://secwatch.observer/filing/0001493152-23-044221.json
- Plain text: https://secwatch.observer/filing/0001493152-23-044221.txt

## Key facts
- Restructurings & Charges
  Transportation & Logistics Systems, Inc. announced a impairment affecting FC business (TLSS-FC, Inc. and Freight Connections, Inc.).
  - Type: impairment
  - Affected area: FC business (TLSS-FC, Inc. and Freight Connections, Inc.)
  source text: On December 1, 2023, two subsidiaries of TLSS Operations Holding Company, Inc., a wholly-owned subsidiary of Transportation and Logistics Systems, Inc. (OTC PINK: TLSS) (“TLSS” or the “Company”), specifically TLSS-FC, Inc. and Freight Connections, Inc. (together “FC”) filed voluntary petitions under Chapter 7 of the US Bankruptcy Court, in the District of New Jersey.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315223044221/0001493152-23-044221-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.