Another troubled trucking company closes down, no bankruptcy

The trucking and logistics industry is experiencing significant turmoil, with thousands of companies shutting down permanently due to ongoing economic challenges. In 2024 alone, the number of motor carriers with operating authority fell by 3.7%, equating to a loss of 13,000 businesses. This trend highlights the severe financial distress within the sector, affecting not just the companies but also the broader economy, as reliable shipping is crucial for trade and commerce.