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29-year-old trucking company files Chapter 11 bankruptcy, closes
Yahoo Finance· 2026-02-07 05:45
Trucking in the United States faces a crisis. Rates have been squeezed, and costs have continued to climb, according to data from the American Trucking Association. "The U.S. trucking industry continues to face a harsh economic reality: spot rates have failed to keep pace with inflation, squeezing carrier margins and contributing to significant financial pressure on truckers nationwide," wrote Freightwaves CEO Craig Fuller. Spot rates, the real market price for a specific shipment, have not matched the ...