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JPM downgrades Avis Budget amid stock rally concerns, while rising U.S. tariffs pressure companies and consumers, with Trump's copper tariffs causing unexpected market disruptions.

Major trucking company shuts down operations permanently

TheStreetWednesday, July 30, 2025 at 11:48:00 PM
NegativeFinancial Marketsbusiness closures
Major trucking company shuts down operations permanently
A well-established trucking and logistics company, after nearly six decades in business, is shutting its doors for good. The closure comes amid mounting legal troubles and broader economic pressures, marking the end of an era for the industry.
Editor’s Note: This isn’t just another company folding—it’s a sign of how tough things are right now for the trucking industry. Legal battles and a shaky economy are squeezing even long-standing players, which could ripple out to affect shipping costs, jobs, and supply chains. If a 58-year-old business can’t survive, it’s worth asking who’s next.
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