Thousands of trucking and freight businesses met their end in 2024, either through bankruptcy or outright closure.
This table provides a snapshot of trucking companies in the United States that faced significant challenges in 2024. Several companies declared bankruptcy, while others resorted to layoffs impacting thousands of employees. The reasons for these hardships vary, including financial mismanagement, legal disputes, and industry downturns.
| Name | Size | Trucks | Layoffs (Estimated) | Declared Bankruptcy | Reason | Announcement Month/Year |
|---|---|---|---|---|---|---|
| Star Transportation PA Inc. | Medium | 233 | 400 drivers | No | Industry downturn | October 2024 |
| US Logistics Solutions (USLS) | Large | 732 | 500 drivers | Yes (October 2024) | Market downturn, Cost of fuel in California | June 2024 |
| Meadow Lark Agency & Transport | Small | 34 | 120 (employees) | Yes (November 2023) | Unpaid wages & debts | November 2023 |
| Matheson Trucking | Large | 183 | 3,500 | Yes (May 2022) | Dispute with Postal Service | Layoffs occurred in 2024 (specific month unavailable) |
| Nationwide Cargo | Medium | 183 | All Employees | Yes (March 2024) | High out-of-service rate & injury crashes | March 2024 |
| Tony's Express | Small | 42 | 200+ | Yes (March 2023) | Financial mismanagement | March 2023 |
| Pride Group | Medium | 805 | 5000 | Yes (July 2023) | $100 million lawsuit | July 2023 |
| Yellow Corp | Large | 12700 | 30000 | Yes (August 2023) | Debt burden | August 2023 |
| Universal Logistics | Large | Unknown | Part of 1300+ logistics layoffs | No | Industry downturn (source unclear) | Specific announcement date unavailable (likely 2023-2024) |
| Swissport Cargo Services | Medium | Unknown | Part of 1300+ logistics layoffs | No | Industry downturn (source unclear) | Specific announcement date unavailable (likely 2023-2024) |
| The Kroger Co | Large | Unknown | Part of 1300+ logistics layoffs | No | Industry downturn (source unclear) | Specific announcement date unavailable (likely 2023-2024) |
| RXO Logistics | Large | Unknown | Part of 1300+ logistics layoffs | No | Industry downturn (source unclear) | Specific announcement date unavailable (likely 2023-2024) |
| Ryder Integrated Logistics | Large | Unknown | Part of 1300+ logistics layoffs | No | Industry downturn (source unclear) | Specific announcement date unavailable (likely 2023-2024) |
| WWL Vehicle Services Americas | Medium | Unknown | 63 | No | Job relocation | January 2024 |
| TruBlu Logistics | Large | Unknown | 600+ | No | Divesting trucking & cross-dock operations | January 2024 |
| Coyote Logistics | Large | Unknown | Unspecified | No | Job cuts in sales & operations | January 2024 |
| Uber Freight | Large | Unknown | Unspecified | No | Job cuts for "sustainable growth" | January 2024 |
