The trucking business has been caught within the Nice Freight Recession for the final three years, coping with diminished delivery demand, decrease freight charges, and rising prices of labor, gas, and insurance coverage, which have impacted revenues and income.
Lengthy-haul truckload demand plummeted by 25% within the first half of 2025, with trucking changing into extra of a short-haul supply technique for the ultimate leg of freight motion.
The freight recession is much from over, as companies wrestle and launch out-of-court restructurings or file for chapter.
Freight firms filed 21 chapter petitions within the third quarter of 2025 in comparison with 20 filed within the second quarter, Gear Finance Information reported.
5 trucking firms filed for chapter within the final week of the third quarter, together with Precision Specific, L.S. Trucking, and GMB Transport on Sept. 23, WBK Transport on Sept. 26, and Sky Rock Trucking on Sept. 29.
5 trucking firms shut quarter in chapter
- Precision Specific, Sept. 23
- L.S. Trucking, Sept. 23
- GMB Transport, Sept. 23
- WBK Transport, Sept. 26,
- Sky Rock Trucking, Sept. 29.
Additionally, some main trucking firms have shut down operations with out submitting for chapter.
J.B. Hunt Transport closed distribution middle
Large trucking firm J.B. Hunt Transport Inc. filed a federal Employee Adjustment and Retraining Notification Act discover and closed its facility on the House Depot Distribution Heart in Lithonia, Ga., on Oct. 27, 2025.
And simply because the busy December mail supply season begins, a major firm that helps ship Christmas playing cards, packages, and vacation procuring payments is on the brink of exit of enterprise.
U.S. Postal Service contract trucking firm 10 Roads Specific closes down.
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10 Roads Specific shutting down enterprise
U.S. Postal Service trucking contractor 10 Roads Specific revealed plans to finish its mail hauling enterprise and shut down all operations by the top of January 2026.
The Carter Lake, Iowa, transportation and logistics firm, which reported 2,462 energy models and a pair of,606 drivers on the Federal Motor Provider Security Administration SAFER web site, submitted a 60-day Employee Adjustment and Retraining Notification discover on Dec. 1 with a closing layoff date of Jan. 30, 2026. About 2,000 employees will likely be laid off.
10 Roads Specific determined to wind down its operations after continued and vital headwinds impacted the transportation business and the corporate, whose main buyer is the U.S. Postal Service, it stated in a press release. The corporate additionally hauls industrial merchandise.
“Our industry has been navigating unprecedented challenges, and despite the dedication of our employees and leadership, the realities of the industry have become impossible to overcome,” a ten Roads spokesperson stated within the assertion despatched to TheStreet.
10 Roads Specific contracts with US Postal Service
10 Roads Specific, which has contracted with the U.S. Postal Service for 47 years, stated it’s going to full all contractual obligations throughout a transition interval.
“We remain appreciative of our long-standing relationship with the USPS and are committed to supporting a smooth transition,” the spokesperson stated.
Headwinds over the past two years have included the usPostal Service’s operational modifications, which led to a extra prevalent use of brokers and the insourcing of transportation work.
The operational modifications resulted in a 70% lack of income for 10 Roads Specific, with all indications that the development will proceed. The transportation firm was unable to cut back its platform sufficient to make continued operations smart, resulting in its tough choice to stop operations, the assertion stated.
The corporate will share additional communications in regards to the winddown with related shareholders at a future date. It has not indicated any plans to file for chapter.
Extra closings:
- Main trucking firm closes House Depot distribution facility
- 63-year-old bankrupt retail chain closes all shops completely
- Low cost retail chain closes half its retailer places
10 Roads Specific, which started its growth in 1977, was created from a consolidation of a bunch of trucking firms courting again to 1946, in response to the corporate’s web site.
The corporate operated from 36 terminals throughout the U.S., with scheduled supply factors in 47 states. The corporate at one time maintained and operated 3,500 company-owned tractors and 5,000 company-owned trailers, in response to its web site.
10 Roads Specific historical past
- 10 Roads Specific launches in 1946.
- Firm’s growth begins in 1977.
- Operated 3,500 tractors in 2020.
- Operates 2,462 energy models in 2025.
- Contracts with U.S. Postal Service for 47 years, ending January 2026.
- Plans to shut down operations by Jan. 30, 2026.
Associated: 88-year-old eating chain closes all eating places, no chapter
