Another nationwide trucking company files Chapter 11 bankruptcy

Executive Summary

The Great Freight Recession, which began in 2022 and continues into 2026, has impacted trucking and logistics companies with reduced shipping demand, lower freight rates, and rising costs of labor, fuel, and insurance, which have impacted shipping company revenues and profits. The impact has forced trucking companies to either file for bankruptcy or shut down operations without a court filing. Long-haul truckload demand plummeted by 25% in the first half of 2025, with trucking becoming more of a short-haul delivery method for the final leg of freight movement, according to FreightWaves' Long Outbound Tender Volume Index. Some industry experts, however, believe the trucking industry might begin to recover in 2026. Doug Waggoner, CEO of Echo Global Logistics, is predicting improvement in the trucking industry, likely after the first quarter of 2026, he told Logistics Management. “I think we’re at least in the late stages and maybe starting to come up,” Waggoner said. “But traditionally, January and February are the slowest months of the year.”