EZ Worldwide Express, which delivers shipments for retailers like Amazon.com Inc., Forever 21 Inc. and the Disney Store, filed for chapter 11 bankruptcy protection, blaming a disappointing holiday season that it said “fell far short” of expectations, the Wall Street Journal reported on Saturday. Executives who put the 700-worker company into bankruptcy this week said that they were caught off guard by the slow business in the fourth quarter, when the company typically takes in 40 percent of its yearly revenue. The Elizabeth, N.J.-based company, which had invested $12 million in trucks and facilities in a recent expansion, ran low on money, President Ajay Aggarwal said in court documents. Amid the trouble, the company withdrew too much money from a bank account in November.
