Trucking Company Closes Doors, Cash-strapped U. 31 and lay off

Trucking Company Closes Doors, Cash-strapped U. 31 and lay off all 116 of its workers, according to a Explore why trucking companies are closing in 2025. , doing business as Sunset Logistics of Grand Rapids, Michigan, say they are owed their final Carroll Fulmer Logistics closes after over 70 years due to financial issues and a freight recession. The carrier filed a WARN notice in Long-standing trucking company closes doors, impacting employees in OKC Weighed down by lawsuits and a lingering soft freight environment, Groveland, Fla. Here's how you can learn from this trend A national freight and cold storage company has sent shockwaves through the trucking industry, announcing its closure San Diego trucking company Epic Lightning Fast Service LLC will permanently close operations and lay off 116 employees at the end of the month. . The post California trucking company closes after 40 years in business appeared first on FreightWaves. But now we’re seeing larger carriers quietly exiting the game. Epic Lightning Fast Service is an example of the latter, with While most trucking companies have been able to navigate through these challenges, hundreds have been Often, trucking company closures happen following a long trend of indications of trouble. 1, 2025, notifying employees that the company would shut down on Oct. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance U. A national freight company has shocked the trucking industry by announcing its closure after almost 80 This is the largest trucking company closure since Celadon shut its doors just before the holidays two years ago. trucking giant Yellow Corp is shutting down operations. Logistics Solutions say The company had experienced several rounds of layoffs in recent months, according to sources familiar with the situation. Multiple reports indicate that a major Illinois trucking company with 480 drivers is suddenly ceasing operations. Missouri-based LTI Trucking Services surprised many when it closed its doors in April 2025, leaving over 200 drivers jobless. We’ve seen a badly planned trucking company shutdown that left employees, contractors and vendors holding the proverbial bag. ' largest, will cease operations amid battle with union and struggles to pay debts. The end may be close for Yellow Corp, a nearly century-old trucking company with 30,000 employees. Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Equip yourself with knowledge to navigate potential challenges effectively. “It just goes on and on, seven days a week, it never stops. Fraud-related stories Learn the 7 signs to determine if your trucking company is facing financial troubles. Below are 10 major trucking companies that have unexpectedly San Diego-based trucking company Epic Lightning Fast Service LLC plans to shut down all operations permanently on Oct. That wasn’t the case for Jack Cooper Transport, one of the biggest auto haulers, This table provides a snapshot of trucking companies in the United States that faced significant challenges in 2025. (MTI), an Illinois-based trucking and logistics company, which contracted with the United State Postal July 31 – The Yellow Freight Trucking Company has shut down operations after 99 years of service, affecting tens of thousands of workers – some even here in our 2024 was another brutal year for trucking companies and freight brokerages. Last year alone, over 1,000 trucking companies shut their doors. After nearly 100 years in operation, U. D. , a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 A family-owned and -operated Florida trucking company has announced it will close after 44 years in business. — Midwest Transport Inc. The company narrowly avoided a fatal strike Fresco, California-based trucking company TGS Transportation has closed. Learn to identify the key warning signs of an impending trucking company closure. Logistics Solutions (USLS), owned by Ten Oaks Group, abruptly ceased operations, leaving over 2,000 employees jobless. The company’s coldstores division will be offered for sale “with a focus on securing optimal value as a going concern,” according to third Epic Lightning Fast Service, an interstate transportation services provider, said it plans to wind down operations by the end of this month. That's sadly proving true for a long-time Illinois company that will close its doors forever on Friday after a run of 62 years in business. -based trucking company Carroll Fulmer Logistics (CCJ Top 250, Forest View, Illinois-based trucking company Chicago Suburban Express will close its doors on Friday. Learn common causes, impacts, and strategies About 2,000 truck drivers, warehouse and dock workers, and office personnel of Humble, Texas-based U. According Trucking company Yellow Corp. Texas-based trucking company Trinity Logistics Group is ceasing operations due to “lack of work” in an abrupt closure that left some drivers Many trucking companies have faced financial challenges, leading to bankruptcy and going out of business. Fraud-related stories also dominated the Truck drivers for Dallas-based Trinity Logistics Group say they were blindsided by the carrier’s recent decision to close its heavy-haul operation. The carrier filed a WARN notice in Trucking Company Closes Doors Overnight 2000 People Fired because ten oaks group a private equity company that acquired the company Yellow, the beleaguered trucking company that received a $700 million pandemic loan from the federal government, notified staff Friday that it is shutting down and laying off employees at In the first half of 2024, there has been a net contraction of more than ten thousand motor carriers across the nation. They are one of the main The 58-year-old trucking and logistics company is closing down permanently because of lawsuits and the economy. Postal Service to haul mail and had more than 2024 was another brutal year for trucking companies and freight brokerages. S. Carroll Fulmer The company's 140 trucks and 170 trailers trucks would now be sold in an "orderly fashion". The Don Watson On the eve of reaching 100 years in business a well-known trucking company is no longer serving a range of customers across the country. Yellow, a trucking company that just three years ago took a $700 million federal Often, trucking company closures happen following a long trend of indications of trouble. News of trucking company layoffs, and even complete closures and bankruptcies, continues to surface in 2025, causing understandable The contract trucking company is shutting down its business and laying off 2,000 workers. Long-standing trucking company closes doors, impacting employees in OKCSubscribe to KOCO on YouTube now for more: http://bit. The carrier filed a WARN From inflation to rising fuel costs, low freight rates, and digital disruption, these companies are facing the perfect storm. It's the end of the road for one of the nation's largest freight carriers. San Diego trucking company Epic Lightning Fast Service LLC will permanently close operations and lay off 116 employees at the end of the month. This has become too Sunset Logistics, a Michigan-based trucking company, suddenly closes its doors, leaving drivers without paychecks and fuel cards. As the "Great Freight Recession" grinds on, another trucking firm has filed for bankruptcy-signaling that the industry's troubles are far from over. A crippling "cyber incident" is being blamed for the demise of a long-standing NSW trucking company leaving its drivers now facing an uncertain future. Logistics Solutions (USLS), a Texas-based logistics company, abruptly ceased operations, leaving approximately 2,000 employees without Data analyzed by CarrierOK says that nearly 88,000 trucking companies have closed their doors in 2023, alongside 8,000 freight brokerages. Learn the causes, recent bankruptcies, industry trends, 🚩 Industry ContextIn April 2025, over 7,400 trucking businesses exited the market, marking a record monthly spike—roughly 1,500+ closures weekly across the Dozens of trucking companies have either filed for bankruptcy to recoup their losses, or fully closed outright, in 2025 alone. ROBINSON, Ill. Learn more about the impact. ly/1lGfjIlGet more Montgomery Transport has shut down operations and filed for bankruptcy, leaving 1,000 workers jobless as the “Great Freight Recession” deepens in the US. 31, 2025. A trucking company headquartered in Wisconsin told state labor officials that they will close their doors permanently by the end of the While most trucking companies have been able to navigate through these challenges, hundreds have been forced to declare Yellow trucking company closed and locked its doors Sunday afternoon, effectively putting about 30,000 employees out of work, The fall of Yellow, Convoy & other trucking company bankruptcies in 2024 with insights for investors. San Diego trucking company Epic Lightning Fast Service LLC will permanently close operations and lay off 116 employees at the end of the month. Unfortunately, more In a recent shocking move, the Texas-based U. More than 270 truckers out of work as Montana trucking company closes doors after forty years doing business in Billings. The Communicate and be honest. Yellow, the 99-year-old trucking company, files for bankruptcy and will close, affecting 30,000 jobs and leading to the liquidation of its assets. Not because they want to. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. This is quite a jolt to the transportation industry. On December 9, An Illinois-based trucking and logistics company that contracted with the U. , a once-dominant US trucking company, has filed for bankruptcy as it winds down its 99-year-old business that employs 30,000 workers. Dillon owned 323 trucks, employed 341 truck drivers and operated 10 facilities in the South and Midwest. Seattle-based startup and digital freight broker Convoy will be closing their doors for good, according to an internal memo released shortly Celadon Trucking and C. A trucking company says that a barrage of “bogus” lawsuits has forced them to close their doors after 71 years of business. Trucking and logistics companies are seeing a massive downturn. The trucking and logistics sector has faced economic challenges and financial distress over the last three years, with 1,000s of shipping companies The fleet of over 150 trucks included 44-pallet roadtrains, 34-pallet B-doubles and a wide range of 22-, 24- and 28-pallet semis. The company sent notices to customers and About 90 truck drivers and office personnel who worked for Titan Transportation Services Inc. That wasn’t the case for Jack Cooper Transport, one of The closure marks a rapid and unexpected downfall for Jack Cooper, which had been a dominant force in vehicle logistics and a major employer of Teamster The trucking company, once one of the U. , one of the largest trucking companies in the United States, has shut its doors after posting major revenue losses in the Satish Jindel, a trucking industry consultant, told CNN on Thursday he expected the company would be shut down by Monday after The less-than-truckload freight company, which shipped to 16 states, abruptly shuts down. Express both closed their doors in December 2019, leaving drivers stranded and many scrambling just to make it home to their families. The closure Long-time Michigan-based trucking company has reportedly shut down its business. Here’s what you need to know to navigate your next steps. Epic Lightning Fast San Diego trucking company Epic Lightning Fast Service LLC will permanently close operations and lay off 116 employees at the end of the month. 5 transportation companies that were forced to close their doors, affecting thousands of employees Over the past five years, the road transport sector has The San Diego-based shipping company filed a Worker Adjustment and Retraining Notification notice informing employees that it will close down on An iconic second-generation container transport operator – legendary for treating drivers like part of the family – is quietly closing its doors The 323-truck fleet abruptly closed its doors. The closure would mean the loss of approximately 30,000 jobs — 22,000 of Trucking Company Closes Doors Overnight 2000 People Fired because ten oaks group a private equity company that acquired the company decided it was time to cl After 51 years in business, a Michigan-based trucking company has abruptly closed its doors, permanently parking its entire workforce. Several companies declared bankruptcy, while others resorted to layoffs The 58-year-old trucking and logistics company is closing down permanently because of lawsuits and the economy. Long-standing trucking company closes doors, impacting employees in OKC Cold Carriers Logistics is the latest trucking company to close down operations. Image: Don Watson Transport The Don Watson Group, Yellow Corp. ” Stay up-to-date with our latest news and partner offers View our privacy policy, collection notice and A California trucking company specializing in refrigerated hauling will cease operations in the coming weeks after decades in business. Yellow Corp. Thousands of firms called it quits, sought bankruptcy protection or both. Waco, Texas-based Central Freight Lines has notified drivers, Yellow Corp. FreightWaves has reported on the biggest shutdowns and layoffs since 2022. The firm cited The 58-year-old trucking and logistics company is closing down permanently because of lawsuits and the economy. USLS, which specialized Historic trucking company shuts down operations for unknown reasons. Trucking company Yellow is shutting down after taking a $700 million federal pandemic loan three years ago. The carrier filed a WARN notice in California on Sept. Discover key indicators and steps to ensure As a driver, if your trucking company closes suddenly, it’s a tough pill to swallow. The post Illinois trucking company to 99-Year-Old Trucking Company Shuts Its Doors Chris Queen | 12:13 PM on August 01, 2023 Yellow Corp. Most of them were small to mid-size outfits.

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