Freight bankruptcies pile up as carriers, logistics firms seek court protection

Why it matters: The latest bankruptcy filings show financial pressure continuing to work through the freight economy, with both small carriers and larger logistics and distribution companies confronting debt loads, thin asset bases and restructuring challenges. A wave of bankruptcy filings swept through the freight and logistics sector from late July through Aug. 25, hitting trucking companies, freight forwarders, distributors, warehouses and other supply-chain businesses across the U. S. At least 21 transportation and logistics-related companies included in bankruptcy filings reviewed by FreightWaves sought Chapter 7 liquidation or Chapter 11 protection during the period.