The situation of the trucking and logistics business has not improved after three years of the Nice Freight Recession.
Transport firms proceed to face monetary misery and file for Chapter 11 safety to attempt to reorganize and keep in enterprise.
Business specialists warn optimistic analysts, who imagine situations are bettering, to watch out with their proclamations.
Nice Freight Recession will not be over
“News Flash: The three-year-long Great Freight Recession is NOT over. The leading indicators that caused FreightWaves to declare the end of the GFR in November 2024, and the resulting carrier optimism is now in the rearview mirror,” David Roush, president of accounting agency KSM Transport Advisors, mentioned on the corporate’s web site in March.
Latest monetary outcomes help Roush’s assertion.
17 trucking firms file chapter in second quarter
A minimum of 17 trucking and logistics firms filed for chapter within the second quarter of 2025 alone, Gear Finance Information reported.
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Whereas dry van truckload contract charges have been flat within the first half of 2025 from the identical interval a yr in the past, as FreightWaves reported, trucking spot charges, which shippers pay carriers for a one-time cargo, nevertheless, completed the primary half beneath year-over-year ranges.
Lengthy-haul truckload demand reportedly plummeted by 25% within the first half of 2025, with trucking turning into extra of a short-haul supply methodology for the ultimate leg of freight motion.
Freight demand declines
General freight demand confronted an unseasonal decline in April 2025, “likely presaging further deterioration in the coming months,” in keeping with Ryder and FreightWaves’ State of the Business Report launched on April 23.
The decline is unseasonal, in keeping with the State of the Business Report, since demand slowly ramps up in the start of the second quarter in anticipation of summer season inventories and produce deliveries.
H5 Transport information for Chapter 11 chapter to reorganize.
Picture supply: Shutterstock
H5 Transport information for chapter
The Nice Freight Recession has led the financially challenged trucking and logistics firm H5 Transport LLC to file for Chapter 11 chapter safety to reorganize its enterprise and restructure debt.
The Oakes, N.D., transport firm filed its Subchapter V petition within the U.S. Chapter Courtroom for the District of North Dakota in Fargo on Sept. 16, itemizing as much as $1 million in property and $1 million to $10 million in liabilities, BankruptcyObserver.com reported.
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Among the many firm’s debt is about $1.4 million in unsecured debt owed to Starion Financial institution for seven industrial automobiles, an insurance coverage package deal, a pc monitor, and numerous workplace provides, Gear Finance Information reported.
Different trucking firms which have filed for chapter within the third quarter of 2025 are nationwide freight hauling firm Daniel Trucking Worldwide Inc., which filed for Chapter 11 chapter to reorganize its enterprise on July 7.
Additionally, Orlando, Fla.-based trucking and logistics firm Xtreme High quality Logistic LLC and its affiliate Winstar Investments LLC filed their Subchapter V petitions on Aug. 15.
Trucking firm bankruptcies within the third quarter:
- Daniel Trucking Worldwide, July 7.
- Xtreme High quality Logistic LLC and affiliate Winstar Investments LLC, Aug. 15.
- H5 Transport LLC, Sept. 16.
H5 Transport, which was established in 2018, hauls common freight, grain, feed, hay, dry bulk commodities, drinks, and paper merchandise, in keeping with the Federal Motor Service Security Administration SAFER web site.
Merchandise shipped by H5 Transport:
- Common freight
- Grain
- Feed
- Hay
- Dry bulk commodities
- Drinks
- Paper merchandise
The corporate, which operates amenities in Oakes, N.D., and Bradenton, Fla., focuses on core lanes of North Dakota/South Dakota and Illinois/Indiana, with enlargement routes to Washington and California. It ships all through the Midwest and coast-to-coast, in keeping with its web site.
The transportation firm’s drivers haul merchandise for numerous top-tier clients, together with 3M, Whirlpool, and Bayer.
H5 Transport’s prime clients:
- 3M
- Whirlpool
- Bayer
The debtor owns 10 energy items and at the moment employs three drivers, in keeping with SAFER. It additionally hires owner-operators, its web site says.
H5 affords full truckload and less-than-truckload companies, with refrigerated freight options. It has customized logistics help, together with devoted dispatch and driver administration, with fast onboarding and streamlined billing, flexibility, freight visibility, and quick response occasions.
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