Key Developments in the Sector:

LTI Trucking: This Illinois-based company, which employed around 250 drivers and operated a fleet of 300 tractors and 575 trailers, ceased operations on April 2, 2025. Although it has not filed for bankruptcy, the company’s shutdown reflects broader trends of instability within the industry. LTI Trucking served major clients including AB InBev, KraftHeinz, and Nestle, indicating its significant role in the supply chain.

Equity Transportation Co. Inc.: Located in Michigan, this firm laid off its entire workforce in March 2025 and also halted operations. There has been no official comment regarding bankruptcy or the specific causes of its closure, highlighting the uncertainty many firms face.

Wals Transport: Based in Antioch, Tennessee, Wals Transport filed for Chapter 11 bankruptcy on March 25, 2025, to reorganize amidst significant financial distress. The company reported assets ranging from $100,000 to $500,000 against debts of $500,000 to $1 million, with major unsecured creditors including the U.S. Small Business Administration and Fountain Equipment Finance.

Best Logistics Inc.: This Memphis-based firm filed for Chapter 11 bankruptcy on April 7, 2025, listing assets at up to $50,000 and debts between $50,000 and $100,000. Its creditors include local government entities, emphasizing the financial strain on smaller logistics firms.

C&C Freight Network: Operating from Braselton, Georgia, this company also filed for Chapter 11 on April 7, 2025. With assets between $100,000 and $500,000 and debts ranging from $1 million to $10 million, it faces significant financial challenges, particularly with no funds available for unsecured creditors.

Best Choice Trucking LLC: Founded in 2017 and located in Dedham, Massachusetts, this company sought Chapter 11 protection on the same day as C&C Freight Network. It operates nine trucks and carries debts primarily related to vehicle financing, in the range of $1 million to $10 million.

Davis Express: A family-owned and -operated trucking company in Starke, Florida, has announced its closure after 44 years in business. The company will cease deliveries after April 23, 2025. Owner James “Jimmy” Davis stated that all trucks and trailers will be returned to the Starke terminal by the end of the month. According to a Florida WARN Notice filed due to the closure, unfavorable business conditions were cited as the reason. A total of 146 employees will be laid off on June 15, including 117 truck drivers, while the remaining 17 employees, including mechanics and office staff, are expected to be laid off by August 31.

Industry Analysis:

The economic pressures on the trucking and logistics sector are profound, leading to widespread operational failures. The combination of reduced freight demand and rising operational costs is forcing many companies to reconsider their business models. The Great Freight Recession signifies a critical transformation within the industry, as firms navigate an increasingly challenging landscape marked by financial instability and competitive pressures.

As these trends continue, stakeholders, including drivers, companies, and clients, must adapt to the shifting dynamics to ensure sustainability and operational viability in the evolving market.