16 Trucking Companies Just Filed Bankruptcy in Less Than a Month

Between late August and September twenty-first, sixteen American trucking companies walked into federal bankruptcy court. One of them ran a single truck out of McKinney, Texas. Another hauled produce up from the Mexican border with more than forty tractors and had billed fifteen point four million dollars two years earlier. This was supposed to be the season the freight recession ended, and on paper, it did. But by September twenty-first, diesel was selling for the highest price ever recorded in America. So why did the recovery you've been waiting for arrive just as these carriers ran out of road?