Carrier Finance & Bankruptcies
Sixteen recent trucking bankruptcies show distress across fleet sizes and freight segments
· Source: FreightWaves
A FreightWaves review identified at least 16 trucking and transportation bankruptcy filings between September 18 and October 21. The cases span general freight, petroleum hauling, logging and other operations, and include both Chapter 7 liquidations and Chapter 11 reorganizations.
Summary and practical context by RoadHouse Recruiting · Reviewed
The filings do not all represent the same outcome
Chicago-based Midwest Expedited filed Chapter 11 and listed about $2.31 million in liabilities against $108,351 in assets. Site2Site Transport filed Chapter 7 after reporting 2024 revenue of about $2.1 million, $1.6 million in 2025 and no gross revenue in 2026 before filing. Chapter 7 generally centers on liquidation, while Chapter 11 can permit operations and restructuring to continue.
Fleet counts come from different records and dates
The compilation includes carriers ranging from one reported truck to KLS Logging's 53 power units. Midwest Expedited's LinkedIn fleet count differed sharply from the seven trucks listed in its bankruptcy schedules. Those figures should not be combined as if they were a current census; court schedules, FMCSA records and company profiles can cover different assets and reporting periods.
Understanding the update
This is a reported compilation of individual federal cases, not a comprehensive bankruptcy rate for the trucking industry. The underlying dockets are primary records, but the article is the available consolidated source. Filing for protection does not by itself establish fraud or predict creditor recovery.
What it means for drivers and carriers
Carriers, brokers and shippers should monitor counterparty authority, insurance, payment performance and court notices, and retain contracts and delivery records if receivables become exposed to a bankruptcy case.
Questions to consider
- Which legal entity contracted for the load and now owes the receivable?
- Is the debtor liquidating under Chapter 7 or attempting a Chapter 11 reorganization?
- Are proof-of-claim or equipment-recovery deadlines approaching?
Read the original reporting
This page provides an original summary and practical commentary. The linked source contains the full reporting. Older stories reflect information available on their published dates.
Read the source at FreightWaves ↗ (opens in a new tab)