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Trucking Company Layoffs and Bankruptcies (2024)

Trucking Company Bankruptcies 2024 1

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.

NameSizeTrucksLayoffs (Estimated)Declared BankruptcyReasonAnnouncement Month/Year
Meadow Lark Agency & TransportSmall34120 (employees)Yes (November 2023)Unpaid wages & debtsNovember 2023
Matheson TruckingLarge1833,500Yes (May 2022)Dispute with Postal ServiceLayoffs occurred in 2024 (specific month unavailable)
Nationwide CargoMedium183All EmployeesYes (March 2024)High out-of-service rate & injury crashesMarch 2024
Tony's ExpressSmall42200+Yes (March 2023)Financial mismanagementMarch 2023
Pride GroupMedium8055000Yes (July 2023)$100 million lawsuitJuly 2023
Yellow CorpLarge1270030000Yes (August 2023)Debt burdenAugust 2023
Universal LogisticsLargeUnknownPart of 1300+ logistics layoffsNoIndustry downturn (source unclear)Specific announcement date unavailable (likely 2023-2024)
Swissport Cargo ServicesMediumUnknownPart of 1300+ logistics layoffsNoIndustry downturn (source unclear)Specific announcement date unavailable (likely 2023-2024)
The Kroger CoLargeUnknownPart of 1300+ logistics layoffsNoIndustry downturn (source unclear)Specific announcement date unavailable (likely 2023-2024)
RXO LogisticsLargeUnknownPart of 1300+ logistics layoffsNoIndustry downturn (source unclear)Specific announcement date unavailable (likely 2023-2024)
Ryder Integrated LogisticsLargeUnknownPart of 1300+ logistics layoffsNoIndustry downturn (source unclear)Specific announcement date unavailable (likely 2023-2024)
WWL Vehicle Services AmericasMediumUnknown63NoJob relocationJanuary 2024
TruBlu LogisticsLargeUnknown600+NoDivesting trucking & cross-dock operationsJanuary 2024
Coyote LogisticsLargeUnknownUnspecifiedNoJob cuts in sales & operationsJanuary 2024
Uber FreightLargeUnknownUnspecifiedNoJob cuts for "sustainable growth"January 2024