Trucking Transportation:

Information on Handling of Undercharge Claims

RCED-93-208FS: Published: Aug 30, 1993. Publicly Released: Sep 16, 1993.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO provided information on the handling of undercharge claims by trustees and other representatives of bankrupt trucking companies, focusing on the: (1) nature and extent of undercharge claims; (2) cost of collecting undercharge claims; (3) bankrupt trucking companies' liabilities; and (4) amount of undercharge collections available to pay bankrupt trucking companies' creditors.

GAO found that: (1) 48 companies initially sought a total of $1.22 billion in initial undercharge claims from shippers due to unfiled rates, violations of the law, or disagreements over the applicable tariff; (2) the average amount sought was $25 million and the median amount was $3 million; (3) the 10 largest estates accounted for $1.07 billion of the claims; (4) the $985 million in outstanding undercharge claims represent on average 8.1 percent to 75.4 percent of the total allowed liabilities for small and large estates, respectively; (5) the bankrupt trucking companies' allowed liabilities included administrative and professional fees, priority wage and pension claims, priority tax claims, and non-priority wage and pension claims; and (6) net recoveries for all estates were about 20 percent of the initial value of the resolved undercharge claims.

Sep 14, 2016

Sep 2, 2016

Aug 8, 2016

Jul 28, 2016

Jul 13, 2016

Jul 7, 2016

Jun 24, 2016

Jun 21, 2016

May 26, 2016

Looking for more? Browse all our products here