On July 10, 2025, GSC Enterprises, Inc., GSC Logistics, Inc., Best Way Trucking, Inc., GSC National Transportation, Inc., GSC Solutions, Inc., GSC Transport, Inc., MacMillan-Piper LLC, Tacoma Transload LLC, GSC Logistics Norcal Brokerage, Inc., and GSC Logistics PNW Brokerage, Inc. (collectively, the “Companies”) ceased operations and terminated all employees.

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On July 15, 2025, the United States District Court for the Northern District of Illinois, in the matter of SG Stonegate Asset Company I, LLC v. GSC Enterprises, Inc., et al., Case No. 25-cv-07909, appointed a limited receiver (the “Receiver”) for the Companies. Subsequently, on July 31, 2025, the Court entered the Amended Order Appointing Receiver (the “Amended Order”) in the same action. A copy of the Amended Order can be found here.

A federal receivership is an equitable proceeding in a United States District Court. The Receiver is an agent of the Court appointed to administer and liquidate the assets of the Companies. The Receiver does not represent the Companies or their principals, and has been appointed as a neutral, impartial third-party.

Since his appointment, the Receiver has been working diligently to secure the Companies’ property, restore access to the Companies’ computer systems, and communicate with former employees, vendors, and customers. The Receiver is also working to account for all inventory, return freight to customers, and sell assets in order to maximize recoveries for the benefit of the Companies’ creditors.

As explained in the Amended Order, all persons are prohibited from, among other things, interfering with or hindering in any way the Receiver in the performance of his duties or interfering with or hindering the Receiver’s access to the Companies’ property.

Any sale of assets outside the ordinary course of business, approval of creditors’ claims and/or any distribution to creditors is subject to Court approval after notice and an opportunity for hearing to creditors and other parties in interest.

In the next few weeks, the Receiver will be requesting that the Court establish a claims process for all employees and other creditors to assert claims and causes of action against the Companies. You will receive a more formal notice explaining the process and deadlines for filing claims after it is approved by the Court.

The Receiver looks forward to resolving these matters in an orderly and expeditious fashion. Thank you in advance for your patience as we proceed through this Court-ordered process.