The trucking industry recession over the last year has been characterized by decreased demand for shipping which has led to lower freight rates and inflationary conditions that brought on higher operating costs.

The parent companies of Ludlow & Prime and Five-O Donut Co. both list the Small Business Administration as their biggest creditor

Franchise Group, owner of home furnishings retailer American Freight and Buddy’s Home Furnishings, filed for Chapter 11 in the U.S. Bankruptcy Court for the D

American Freight is shuttering all of its locations and kicking off store closing sales as part of Chapter 11 bankruptcy proceedings by its parent company.

Furniture retailer American Freight will close its 328 stores as parent company, Franchise Group Inc., goes bankrupt.

A national discount furniture and appliance chain is shutting down stores nationwide, including in Hampton Roads.

All 328 of the furniture store's locations will close, including one at 778 Niagara Falls Blvd., in North Tonawanda.

American Freight, a prominent furniture store chain, is set to close all its 328 locations due to ongoing economic pressures. The decision follows the bankruptcy filing of its parent company, Franchise Group,

The company, which sells discounted new, discontinued and refurbished furniture items, will have up to 30% off all items as part of its closing sale.

The locations are currently hosting store-closing sales managed by Hilco, a company which offers liquidation services.