The trucking trade has confronted financial challenges, often called the Nice Freight Recession, for nearly 4 years, as corporations battle decreased transport demand, decrease freight charges, and rising prices of labor, gas, and insurance coverage pushed by inflation.
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, in line with the Lengthy Outbound Tender Quantity Index, FreightWaves reported.
Freight firms filed 21 chapter petitions within the third quarter of 2025 in comparison with 20 filed within the second quarter, Tools Finance Information reported. Fourth-quarter statistics weren’t out there finally test.
Professional predicts restoration quickly
Some trade executives predict trucking sector situations will enhance in 2026.
“I think we’re at least in the late stages and maybe starting to come up,” Doug Waggoner, CEO of Echo World Logistics.
Waggoner believes the trucking trade will quickly enhance, possible after the primary quarter of 2026, he instructed Logistics Administration.
“But traditionally, January and February are the slowest months of the year,” Waggoner stated.
Many bankrupt freight firms
The checklist of interstate freight firms which have filed for chapter safety in 2026 is prolonged.
Lengthy-distance freight service and logistics firm Bulmaks Inc. filed for Chapter 11 chapter safety on Jan. 5 to reorganize its enterprise and proceed working.
Additionally in January, one of many largest this yr, STG Logistics Inc., filed for Chapter 11 safety on Jan. 12 to restructure about $1.2 billion in debt and search a sale of its property, and Robert Bearden Trucking filed a Chapter 11 voluntary petition in U.S. Chapter Court docket on Jan. 26, in line with PacerMonitor.
Chapter filings continued into February as Dallas-based Newkirk Logistics Inc. filed its Subchapter V Chapter 11 petition within the U.S. Chapter Court docket for the Northern District of Texas in Fort Price on Feb. 4, in line with Public Entry to Court docket Digital Information as reported by BankruptcyObserver
Kansas-based trucking firm Mast Trucking Inc., which operates 55 vans with 56 drivers, filed for Chapter 11 chapter on Feb. 10 to reorganize its enterprise, Trucking Dive reported.
Tacoma, Wash.-based Bee & G Enterprises LLC, a smaller agency that operates seven vans with six drivers in line with SAFER, filed for Chapter 11 chapter on Feb. 14.
Commonplace Freight Logistics recordsdata for Chapter 11 chapter reorganization.
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Commonplace Freight Logistics recordsdata Chapter 11
And now, interstate trucking firm Commonplace Freight Logistics Inc. has filed for Chapter 11 chapter to reorganize its enterprise and proceed working.
The St. Augustine, Fla.-based freight firm filed its Subchapter V petition within the U.S. Chapter Court docket for the Center District of Florida in Jacksonville on Feb. 23, itemizing $100,000 to $1 million in property and liabilities, in line with Public Entry to Court docket Digital Information as reported by Chapter Observer.
Extra bankruptcies:
- 73-year-old household diner franchisee recordsdata Chapter 11 chapter
- Extra troubled regional airways file for Chapter 11 chapter
- Main division retailer model liquidates in Chapter 11 chapter
The debtor didn’t state a particular motive for submitting for chapter.
Commonplace Freight Logistics operates from a location at 4222 Iona Method, Knoxville, Tenn., in line with the corporate’s Federal Motor Service Security Administration SAFER submitting on Feb. 25.
Trucking agency hauls authorities items
The corporate, based in 2007, hauls non-public property, equivalent to furnishings and home equipment, and freight for federal, state, and native governments, in line with the SAFER submitting.
Media reviews stated the corporate operated 49 energy models, however the SAFER submitting stated the corporate has 15 energy models, or vans, and 57 drivers.
Commonplace Freight Logistics chapter:
- Commonplace Freight Logistics Inc., Chapter 11 Subchapter V, U.S. Chapter Court docket for the Center District of Florida in Jacksonville on Feb. 23. Supply: Chapter Observer
- $100,000 to $1 million in property and liabilities.
- Based in 2007.
- Operates 15 energy models (vans) and 57 drivers. Supply: SAFER
Associated: One other distressed trucking firm recordsdata Chapter 11 chapter
