Operating a enterprise will not be simple, particularly when that enterprise has a number of areas throughout the nation. In 2019, employer companies with 5,000 workers or extra totaled 2,230 of the 6.1 million companies within the US.
As inflation escalated on the story of the worldwide pandemic, retailers throughout the nation struggled to maintain their books within the black, and everybody from meals to pharmacies felt the sting. Some could not efficiently navigate the monetary pressure as money circulation felt the pinch. These big-name corporations filed for Chapter 11 chapter safety in 2023.
1. Ceremony Help
Whereas competing in opposition to different retailers like Walmart, CVS, and Costco hasn’t helped Ceremony Help, it is not what in the end made them file Chapter 11 on October fifteenth. After accusing the pharmaceutical big of furthering the opioid disaster, the Division of Justice filed a possible legal responsibility civil swimsuit in opposition to the corporate.
2. Meridian Eating places
Chapter 11 is a surefire signal you can’t at all times “have it your method.” Regardless of Burger King’s reputation, their client base could not preserve them from the downward spiral that landed them in chapter court docket submitting for protections below US regulation. Tom’s King, a Burger King subsidiary that filed for chapter in January, and Hardee’s are additionally on the chopping block after excessive prices and modifications in client habits bit into their backside traces.
3. Mitchell Gold + Bob Williams
Based in 1989 by Gold and Williams, this middle-class furnishings maker shuttered its complete retailer base in hopes that the Chapter 11 chapter submitting in August 2023 would enable them to restructure and reopen their enterprise. Though Gold hoped for an angel investor to supply crucial funding of $20 to $30 million, they finally cited weak gross sales and problem securing financing as the explanations for ending its 34-year run.
4. Veggie Grill
This wholly plant-based restaurant options delectable sandwiches, wings, and sides within the vegan and vegetarian consolation meals market. Sadly, lowered demand and a shift to hybrid work fashions induced the restaurant chain to shut six areas in California. Nonetheless, they averted chapter court docket by retaining 17 different areas nationwide open. Twelve are in California, two in Oregon, two in Washington State, and one in Massachusetts.
5. Clover Meals Lab
Meatless eating places took a brutal hit as Boston-based vegetarian fast-food chain Clover Meals Lab filed for chapter on November third, citing low earnings way back to the beginning of COVID-19. The corporate additionally detailed high-rent areas and insufficient funding because of the Silicon Valley Financial institution’s failure as contributing elements in its submitting paperwork.
6. Icebox Cafe
Based in 1998 by Robert Siegmann, Icebox Cafe is a set of health-conscious eateries that provides “chef-curated meals” at their eating places and merchandising machines. When the pandemic hit, Icebox Cafe noticed “harsh operational losses.” With loans already on the books, “aggressive lenders, together with some service provider money advance lenders,” have been the ultimate nails within the coffin that pressured Icebox Cafe into chapter 11 to assist restructure their firm.
7. Stillpoint Wellness Middle
Donald Taylor, proprietor of Stillpoint Wellness Middle and the Louisville College of Therapeutic massage, filed Chapter 11 chapter for Stillpoint however has not commented on the situations that induced the submitting. The submitting claims that Stillpoint has round $50,000 in property, greater than $100,001, however lower than $500,000 in liabilities. Chase Financial institution holds most of Stillpoint’s debt at $14,991, however this enterprise has 4 different collectors.
8. Domino’s Pizza
The Italian Domino’s Pizza franchisee, EPizza SpA, filed for Chapter 11 in April, citing it struggled to make sufficient gross sales in the course of the peak of the pandemic. The American pizza big blamed “competitors from meals supply apps” for its downfall. Supply providers like Glovo, Simply Eat, and Deliveroo provided by native eating places gained over shoppers, making it troublesome for the American pizza chain to make headway within the nation. It closed all of its Italian areas on July twentieth.
9. Babylon Well being
Telehealth exploded in the course of the COVID-19 disaster as isolation induced everybody to remain quarantined. As the worldwide well being emergency died down, healthcare within the telecommunications sector additionally began to dwindle. In June, Babylon Well being, which opened on the New York Inventory Alternate with a $4.2 billion valuation in 2021, agreed to go non-public with VC-backed MindMaze. When that deal fell by means of, they closed their US-based operations in Texas and filed for Chapter 7 chapter safety. Their UK-based property have been offered to eMed.
10. Brith Sholom Home
After years of tenant complaints, the senior dwelling home, Brith Sholom Home, filed for Chapter 11 insolvency. The constructing’s situations weren’t livable, and the tenants, most on a set revenue, did not have anyplace else to go. In 2023, the power acquired 14 violations for pest infestations and drainage points. Additional points induced the house owners to lose their rental license.
Residents started to protest when Brith Sholom Home continued to cost hire. Their fireplace suppression system was additionally discovered to be defective, and through a fireplace in January 2020, a person needed to carry his aged mom down ten flights of stairs. With lower than $50,000 in property and as much as $50 million in liabilities, time was up for this firm.
11. Again Yard Burgers
Should you’re a fan of the Carolina Panthers, you may additionally be a fan of now-bankrupt Yard Burgers. Former vast receiver Muhsin Muhammad II purchased a controlling curiosity within the fast-casual burger chain in 2017, solely to show round in 2023 and file for Chapter 11. chapter. Mark Cote, CEO of BYB, can be the CEO of Wild Wing Cafe, one other bankrupt restaurant owned by Axum Capital Companions, the identical non-public fairness firm that owns BYB. BYB first filed for chapter safety in 2012.2023
12. Novan
In July 2023, pharmaceutical firm Novan filed chapter paperwork in Delaware after being unable to safe extra funding to help its operations. Regardless of layoffs and different strikes to protect capital, the corporate foundered. In addition they entered right into a “stalking horse” asset sell-off of their property and mental property. They listed their whole debt as $7.92 with practically $80 million in property and can proceed to work on their product SB206, a topical gel to fight the pores and skin an infection molluscum contagiosum.
Whereas they anticipate the Meals and Drug Administration to determine on SB206, Novan filed for chapter safety “after contemplating elements similar to the corporate’s difficult monetary circumstances and the difficult market local weather for equally located corporations and upon session with the corporate’s skilled advisors,”
13. HTG Molecular Diagnostics
HTG Molecular Diagnostics filed their chapter request in Delaware on June fifth, 2023, itemizing their property at round $6.7 million and liabilities at about $9 million. Based in 1997, it went public in 2015 and ended its inventory alternate for Nasdaq after submitting Chapter 11. Their final inventory ticker was .51 cents after a internet lack of $21.6 million after solely itemizing income in 2022 of $6.4 million.
14. Compass Medical Group
Compass Medical Group acquired caught up in litigation and filed Chapter 7 chapter on June fifth, 2023, one week after abruptly closing its areas and chopping service to almost 70,000 sufferers. Three days earlier than Compass’s submitting, they have been hit with a class-action lawsuit introduced on behalf of sufferers.
It is not the primary time directors for Compass have had a court docket case filed in opposition to them. In October 2022, they have been ordered to pay $16 million to their companion, Steward Well being System, for fraud. Sufferers who used Compass have been left in limbo, ready on medical procedures and data, by their abrupt submitting.
15. GenesisCare
As a result of Genesis Care operated in a number of nations when it filed Chapter 11 chapter in a June press launch, it needed to separate its US-based enterprise from its interactions with different nations, creating two platforms for its enterprise. CEO David Younger launched a press release concerning the restructuring course of: “As a part of the restructuring course of, we’re refocusing our enterprise on the nationwide markets we serve, enabling funding in key development areas and tools, and simplifying the group to ship higher life outcomes for sufferers whereas bettering our operational and monetary efficiency.” Its restructuring is a part of an try to proceed its enterprise as easily as attainable.
16. Envision Healthcare
Debt obligations of $7.7 million put Envision Healthcare able that had them submitting for Chapter 11 chapter. In addition they cited declining affected person influx, “flawed” implementation of the No Surprises Act, which protects shoppers in opposition to “shock” medical payments, and exclusionary medical health insurance as different elements in its submitting. Specifically, they listed United Healthcare as legally difficult to take care of. With a price ticket of $5 billion to take the corporate non-public in 2018 in a $9.9 billion deal, The Wall Avenue Journal listed Envision’s chapter as the most costly in non-public fairness agency KKR’s historical past.
17. Jenny Craig
Healthcare, eating places, and retail aren’t the one industries to undergo from a gradual financial system. Main eating regimen complement model Jenny Craig filed for Chapter 7 chapter. No stranger to outdoors acquisition, the corporate, now owned by HIG, could not stem the money circulation going out because it fought to maintain its eating regimen product line and weight reduction facilities from closing down.
As a result of they tried to maintain their brick-and-mortar presence recognized, their debt stayed excessive at $250 million. The facilities resonated with shoppers, however not sufficient to steadiness the price of retaining them open. Finally, it proved an excessive amount of for the legacy model to take care of, and so they floundered.
18. Mattress, Tub and Past
Mattress Tub and Past filed for chapter, able to liquidate all its property, together with 360 shops and 120 BuyBuy Child areas. After securing a $240 million mortgage to maintain itself limping in the course of the chapter submitting, the house items retailer’s story does not finish there. As a substitute, Overstock.com purchased them out of chapter.
CEO Jonathan Johnson mentioned, “All of Overstock’s classes will transition over, and new merchandise will even are available.” In June 2023, Overstock paid a premium of $21.5 million to accumulate the Mattress Tub and Past digital property and mental property.
19. WeWork
The fallout of the stalled “return to work” effort has far-reaching results on industrial actual property and the brokers making an attempt to dump buildings and rental areas. One such firm is WeWork. As soon as valued at $47 billion, this high-profile firm is likely one of the first within the industrial actual property enterprise to file for Chapter 11 safety.
The abundance of workplace house has made landlords extra versatile in decreasing hire and providing extra versatile phrases. WeWork CEO David Tolley mentioned industrial workplace house “has turn out to be obtainable and accessible at unprecedented costs and in vital quantity.” SoftBank, the most important lender to WeWork and different senior lenders, will offload their debt and take over possession of the corporate in its chapter reorganization.
20. Akorn Prescribed drugs
Regulatory obligations and monetary troubles crippled Akorn Prescribed drugs into Chapter 7 chapter. One plant in Illinois shuttered its doorways, and the layoff of its 400 workers noticed native and nationwide backlash as the corporate appears to be like to close down its US operations. CEO Douglas Boothe lamented having to shut operations within the US, inflicting the termination of all its US-based workers. He mentioned, “I really remorse that these actions have turn out to be essential.
This can be a shock. It can take a while to soak up the information and what it means to you and your colleagues.” However the firm was in deep trouble earlier than submitting. Fresenius, a medical care firm, was set to purchase out Akorn Pharma in 2019 however walked away from the $4.3 billion deal, citing “blatant fraud on the very prime degree.” The FDA will need to have seen among the identical points as they despatched warning letters, famous the corporate, and entered Type 483, an ‘inspectional commentary’ on its document.
21. Lucira Well being
Throughout the peak of the pandemic, Lucira Well being was solvent, and all was properly. The COVID-19 at-home check maker listed property of $146 million and money owed of $85 million in its chapter submitting, so it is higher than most corporations. However this enterprise is a stark reminder that regardless of the scale, companies created throughout a disaster want a backup plan to proceed working as soon as the disaster subsides. Lucira, based mostly in California, will proceed to function throughout chapter proceedings because it appears to be like for a buyout possibility.
22. Sorrento Therapeutics
Authorized woes plagued this firm, which was engaged on therapies for COVID-19. It filed Chapter 11 chapter after citing an lack of ability to pay a $50 million judgment. Mounting authorized charges to battle Billionaire Quickly-Shiong’s NantCell did not assist the floundering firm. With a judgment in NantCell’s favor for $170 million, Sorrento filed chapter earlier than being pressured to pay even the primary $50 million of the choice.
23. Sears Hometown Shops
An offshoot of famend retail big Sears, Sears Hometown filed for Chapter 11 chapter. When TransformCo, generally known as the “new Sears,” purchased them out, Sears Hometown went from 500 US and Puerto Rico areas to only 121 shops. Nonetheless, the corporate relied closely on TransformCo to supply “key services and products” and filed because of the mother or father firm’s “failure to take action.” With $50 million in property and between $50 to $100 million in debt, it was solely a matter of time earlier than they needed to file.
24. Codiak BioSciences
Failing to create a COVID-19 vaccine, the struggling drug developer filed Chapter 11 chapter in March, having already minimize its workforce by 37%. It’s also anticipated to undergo about $1.1 million in severance payouts. With the tip in sight, Codiak began taking a look at advertising and marketing its property earlier than it filed for chapter safety. It is hoping to promote its complete enterprise or no less than the core property as quickly as attainable.
25. Wexford Labs
There aren’t many choices when deciding which class to suit your enterprise into when submitting chapter. So, Wexford Labs, a maker of disinfectant and antimicrobial options, listed theirs as “Not one of the Above” throughout their voluntary Chapter 11 listening to. In addition they listed property and liabilities as $1-10 million. With a number of unsecured loans, the most important creditor to Wexford Labs is Dynamic Wipes Industries of Israel at $584, 605. Fortunately, Wexford may settle its remaining obligations with its financial institution and collectors earlier than submitting. As soon as once more, a enterprise made worthwhile by the pandemic was left bancrupt when the disaster abated.
26. WM Motor
Certainly one of China’s most outstanding elective car startups has fallen sufferer to poor administration after it didn’t scale up manufacturing to reverse losses and pay down its debt. Based in 2015, this firm tried to cut back prices by chopping salaries and slashing its workforce, however to no avail. It additionally listed the price of supplies and a sluggish capital market as causes for its submitting. Nonetheless, CEO Freeman Shen hopes to restructure WM Motor’s debt and make a bounce again.
27. Air Strategies
Medical Helicopter firm Air Strategies filed for chapter safety to chop $1.7 billion in debt. Air Strategies could not maintain it collectively due to rising inflation, larger labor prices, and a US ban with the No Surprises Act. In addition they blamed the ‘crimson tape’ of the No Surprises Act for creating an unfriendly atmosphere for amassing funds from insurance coverage corporations.
Air Strategies operates 365 helicopters throughout 275 areas and makes 100,000 emergency journeys yearly. Hopefully, the corporate will be capable of reorganize their firm. Their subsidiaries, Blue Hawaii and United Rotorcraft is not going to be a part of the preliminary submitting and can proceed to function as common.
28. Indi EV
Indi EV by no means even acquired off the bottom earlier than chapter got here calling. With property of simply $2.8 million and monetary obligations of $26.4 million, they by no means even produced their first car earlier than debt overwhelmed them. The net of interactions for INDI EV is huge. Nonetheless, in June, they dissolved an settlement with Malacca Straights Acquisition Firm Restricted to take the corporate public and worth the brand new firm at $600 million. Coupled with a failure to provide even a prototype of its preliminary providing, the INDI One, the startup fizzled quick.
29. Elmer Buchta Trucking
The commodities market could be a thorn within the aspect of truckers and corporations transporting that product by means of the US. In September, Elmer Buchta Trucking filed for Chapter 11 chapter as a continued decline in coal costs induced their debt to rise larger and quicker than their property may deal with. And after 80 years within the trucking and transport enterprise, money circulation points will trigger one other firm to close down operations. Nonetheless, the corporate was capable of promote its property, which it reported as $5.6 million, and was acquired by Transport Acquisitions.
30. Phat Rides
Electrical scooter firm Phat Rides filed for Chapter 11 chapter on September 1st, however that is simply the tip of the iceberg. Jeremy Hill owns JB Capital, which has a stake within the Tempe, Arizona firm, and reported that Phat Rides CEO Tim Moran was allegedly fired from the corporate earlier than the submitting however after it fell into default. JB Capital helped Moran and Phat Rides refinance its debt in 2021.
31. Proterra
2023 has been a difficult yr for the electrical car market, and yet one more enterprise fell into chapter 11. The biggest US-based EV bus maker, Proterra, filed for Chapter 11 safety in August. Hoping to restructure, Proterra intends to make use of the chapter safety to “use current capital to fund operations, together with paying worker salaries and advantages, and compensating distributors and suppliers on a go-forward foundation.”
32. Western International Airways
Settled on reorganization, Western International Airways, an American cargo provider, plans to maintain working whereas it restructures its enterprise. In a press release to FreightWaves, the corporate says, “WGA [Western Global Airlines] will proceed to function as common and supply dependable and secure service to its clients all through the reorganization course of and going ahead. The corporate, the founder, the plan traders, and the advert hoc group (bondholders) are centered on transferring by means of this course of expeditiously and thoughtfully to profit workers, clients, and different stakeholders.”
Within the deal, they’re going to obtain $77 million in help and scale back their debt by no less than $450 million.
33. Yellow Trucking Firm
Pandemic-era debt within the ballpark of $700 million and rising induced this American trucking firm to name it quits. They filed Chapter 11 in August of 2023 after years of making an attempt to overcome their exponential debt development. Whereas most corporations that file Chapter 11 chapter hope to restructure, Yellow liquidated their property, similar to they have been, and the US joined different collectors who’ll doubtless by no means see compensation of the loans Yellow took out.
34. Lordstown Motors
Settled into its chapter proceedings, Lordstown Motors acquired the go-ahead to take the following step in its reorganization and solicit votes for collectors to comply with its plan for reorganization. It is one of many solely EV companies to hope to come back out of chapter and preserve working. Their submitting comes on the heels of a lawsuit in opposition to Foxconn for alleged fraud.
35. Allgaier
Automotive provider Allgaier filed for chapter one yr after being offered to a Chinese language enterprise, Westron Group. This might considerably impression its most famous buyer, Porsche. The German auto components provider filed for insolvency amid a hopeful restructuring that began in 2020. After initially citing the results of the Ukraine conflict, rising power costs, and better personnel prices, it boils right down to a difficulty with “liquidity.” Allgaier hopes to restructure and proceed to function, which is nice information for the practically 2000 folks the corporate employs.
36. Virgin Orbit
As soon as upon a time, billionaire Richard Branson hoped to make a mint on house tourism, however a failed launch left them in a pinch for long-term financing. CEO Dan Arduous mentioned this concerning the chapter submitting. “We consider the Chapter 11 course of represents the very best path to establish and finalize an environment friendly and value-maximizing sale.” The corporate hopes to discover a purchaser after being pressured to put off roughly 85% of its 750 workers.
37. HyreCar
HyreCar filed Chapter 11 chapter after working to easy the method as a lot as attainable for its workforce. They secured $5 million in debtor-in-possession (DIP) financing from Holmes Motors, Inc., and listed their property at $7.75 million. In doing so, their sale to Holmes Motors is nearly full, however the court docket submitting permits competing bids to be solicited earlier than the deal is finalized. Regardless of the recognition of Uber and different rideshare platforms, HyreCar, which lets you hire a automobile for such functions, could not capitalize off that reputation.
38. Zugo
If the electrical automobile market is struggling, much more so is the electrical bike market. With merchandise beginning round $1800, Zugo could not garner sufficient income to remain solvent and filed for Chapter 7 chapter. Their property have been listed between $500,000 and $1 million, however their heavy debt of $1-10 million put a ultimate nail of their enterprise coffin. The following step for Zugo is a whole liquidation of any remaining property.
39. Lightyear
Inexperienced power takes one other hit as Dutch photo voltaic automobile firm Lightyear recordsdata for chapter. The corporate could not keep in enterprise even after creating an electrical car with a solar-powered battery charger. The charger, which allowed for a 388-mile vary earlier than the following cost, left the automobile with a sticker shock of $260,000.The Dutch firm is not the one one with hassle promoting such an costly automobile.
German startup Sonos Motors is making an attempt to crowdfund its method out of comparable points. Hoping to stem its downfall, the EV motor firm mentioned it will pivot to rolling out the Lightyear 2 with a way more inexpensive value of $40,000 and a variety of 500 miles.
40. Flyr
Low-cost Norwegian airline Flyr wasted no time submitting for chapter and instantly ending operations after failing to boost sufficient capital to cowl its obligations. Flyr had hoped to extend liquidity by providing extra shares however fell far in need of the $25 million it hoped for. Regardless of vital backing from shareholders and underwriting, the corporate could not meet the calls for of its output. The board voted unanimously to stop operations on the finish of January and filed on February 1st.
41. Flybe
At one time, Flybe was the most important unbiased regional airline in Europe. Its downfall marks a flip in financial well-being for the area. And even a brand new proprietor could not pull the airline from the monetary pressure even earlier than the pandemic. Flybe was struggling so badly that they introduced they could not discover various flights for practically 75,000 clients and would not supply refunds both. The cancelation of flights throughout the UK was so abrupt that the announcement was made on a Saturday with flights scheduled that day.
The last-minute discover left hundreds stranded or needing expensive transportation alternate options.
42. Verde Constructing Options
Regardless of being a pillar in North Carolina’s building business, Verde Constructing Options could not stand the stress of staying within the black. With mounting debt of $7.5 million and little income (lower than $1 million), the development big buckled, lastly submitting for Chapter 11 chapter. The submitting lists no less than 20 collectors, together with large names like Duke Power and the North Carolina Division of Income. Whereas Verde’s President hasn’t commented on the default, he is additionally the power behind Verde Properties, which so far is taken into account solvent.
43. Showfields
Chapter 11 is not the tip for all companies, and Showfields intends to make use of it as a stepping stone. After closing down their Manhattan and Miami areas because of declining gross sales from the pandemic and mounting debt, Showfields filed for chapter safety to cowl them whereas they restructure. After securing financing for a attainable European enlargement, Showfields hopes to create extra impactful and interesting retail environments for its buyer base.
44. Tramar
Monroe-based textile firm Tramar filed Chapter 7 chapter on September eighth, citing property of $50,000 or much less and liabilities between $100,001 and $500,000. Tramar mentioned it “makes use of modern applied sciences to provide the very best high quality dwelling textiles.” They have been recognized for his or her CBD-infused merchandise and each microfiber and cotton items. Nonetheless, Tramar’s case hangs within the steadiness as they’re going to have to file extra info of their case, or it is going to be topic to dismissal.
45. Blue Harvest Fisheries
September noticed one other hit to the meals market when Blue Harvest Fisheries filed for Chapter 7 chapter. The corporate hasn’t commented on the submitting, however the enterprise closed abruptly on September 1st. Personal fairness agency Bregal Companions owns 89.5% of the mother or father firm that owns Blue Harvest Vessels, permits, and property. They reportedly have ties to the prosperous Brenninkmeijer household of Dutch industrialists.
46. The Roman Catholic Archdiocese of San Francisco
This explicit arm of the Catholic church filed for Chapter 11 chapter amid greater than 500 allegations of abuse. Serving greater than 440,000 Catholics throughout three counties, the Archdiocese introduced its choice in August as lawsuits mounted.
47. Evergrande Group
With world economies struggling within the wake of the COVID-19 disaster and mounting inflation, Chinese language entity Evergrande Group filed for Chapter 15 chapter safety. This submitting permits international debtors to file for cover within the U.S. Evergrande is only one firm that will get swept up within the faltering drawback of China’s huge actual property business.
48. ViewRay
This yr, the medical area suffered one other loss as imaging vendor ViewRay filed for Chapter 11 in July. Offering the “world’s first” radiation remedy system with built-in diagnostic MRI steering, the corporate suffered financially. Itemizing inflation, provide chain points, and delinquent funds from worldwide clients, ViewRay had a backlog order of $411 million. ViewRay plans to promote its property and safe $6 million in financing to assist facilitate the promoting course of.
49. Harvey Company
Two years in the past, Matthew McDermott took over possession of the promoting company, carrying the burdens of an company two and a half instances its measurement. Nonetheless, the submitting is not a final breath for McDermott, who plans to rebrand with a brand new title and a brand new mannequin by the tip of the yr. In an interview with Capitol Communicator, McDermott defined, “Sadly, we nonetheless had the monetary burdens of an company two and a half instances greater than we have been. That meant we have been practically at all times working at a deficit – regardless of everybody’s finest efforts.”
After the rebrand, McDermott hopes that Harvey’s Company will pull out one distinctive second act. “To paraphrase Mark Twain, the information of our demise has been enormously exaggerated.”
50. AeroFarms
Indoor aeroponic farm, AeroFarms filed Chapter 11 chapter amid an unsure financial system, dwindling investor curiosity, and vital headwinds of the vertical farming business as main elements in its choice. Its Virginia farm “continues to develop at scale,” however the firm is seeking to safe liquidity to assist pay down $10 million in debtor-in-possession financing.
CEO Man Blanchard mentioned, “We’re lucky to have current traders who proceed to consider in AeroFarms and are assured that we will hit our focused worthwhile operations for our Danville farm.” For now, it appears to be like like Blanchard is hoping to maintain Aero Farms going to drum up renewed curiosity within the vertical farming sector.
Each Single Business
The monetary pressure of the pandemic and rising inflation have created a ballooning property subject for practically each business within the world market. No business has been solely unscathed, from retail and manufacturing to automotive and transportation corporations. Even training and faith have seen a success.
