Plus, cargo theft risks spikes ahead of Memorial Day, April sees drop in freight, a Wisconsin carrier and brokerage file for bankruptcy, and more.
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
Trucking firm Elite Carriers and brokerage affiliate ECI Inc. have filed for Chapter 11 bankruptcy, joining three other entities owned by Kirk Ecklund in seeking protection.
Over 60 small trucking companies face significant debt as Transplus Freight files for bankruptcy, highlighting the challenging dynamics within the logistics sector.
Mississippi-based firm, Transplus Freight System Inc., files for bankruptcy liquidation, leaving over 60 small trucking companies collectively in millions of dollars of debt. Citing assets of up to $50,000 and liabilities between $1 million and $10 million, Transplus has announced no funds will be available for unsecured creditors post-administrative fees. Amid a year of declining freight volumes and rates, this move starkly underlines the mounting challenges and uncertainties for trucking companies and freight brokerages.
U.S. carriers say foreign B-1 visa truck drivers are illegally hauling domestic loads, undercutting rates and pushing small operators out of business.
A Connecticut man faces 13 counts of wire fraud for defrauding Amazon Logistics of over $3 million using fake trucking companies.
Fraudulent CDL schemes in Washington and Massachusetts reveal unqualified drivers passed with bribes.
U.S. trucking firms, including Balkan Express, file Chapter 11 amid market strain; FreightWaves tracks 2025 closures.
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