Another national shipping company files Chapter 11 bankruptcy

Core Insights - The Covid pandemic has highlighted ongoing supply chain issues in America, particularly a significant truck driver shortage that continues to affect the industry post-pandemic [1] Group 1: Truck Driver Shortage - There are 7,213 truck driver jobs advertised daily, indicating a potential deficit of 24,043 truckers, leading to a weekly cost of $95.5 million for the freight industry due to unstaffed trucks [2] - The shortage of truck drivers has not improved the economic conditions of the trucking business, with available trucks significantly outnumbering available drivers [8] Group 2: Bankruptcy and Economic Challenges - Supra National Express has filed for Chapter 11 bankruptcy, joining a growing list of trucking companies facing financial difficulties despite high demand for services [4] - Operating costs in the trucking industry have reached record highs while freight pricing has declined, contributing to a prolonged freight recession [5] - The number of tractor trucks exceeds professional truckers by more than 3:1, and when considering all heavy trucks, the potential loss to the industry could reach almost $50 billion weekly due to underutilization [9]