79-year-old national trucking company closes down, no bankruptcy

Industry Overview - The trucking industry has been experiencing a prolonged downturn known as the Great Freight Recession, characterized by reduced shipping demand, lower freight rates, and rising operational costs, which have adversely affected revenues and profits [1] - Long-haul truckload demand decreased by 25% in the first half of 2025, with a shift towards short-haul delivery methods for the final leg of freight movement [1] Bankruptcy and Closures - The freight recession continues, with businesses facing challenges leading to out-of-court restructurings or bankruptcy filings; 21 bankruptcy petitions were filed in Q3 2025, up from 20 in Q2 2025 [2] - Five trucking companies filed for bankruptcy in the last week of Q3 2025, including Precision Express, L.S. Trucking, and GMB Transport on September 23, WBK Transport on September 26, and Sky Rock Trucking on September 29 [2][8] - Some major trucking companies have ceased operations without filing for bankruptcy [4] Company-Specific Developments - J.B. Hunt Transport Inc. closed its distribution center at the Home Depot Distribution Center in Lithonia, Georgia, on October 27, 2025, as part of a federal Worker Adjustment and Retraining Notification Act notice [5] - 10 Roads Express, a U.S. Postal Service trucking contractor, announced plans to shut down all operations by the end of January 2026 due to significant industry headwinds [6][9] - 10 Roads Express reported that approximately 2,000 workers will be laid off as part of its wind-down process, with a final layoff date set for January 30, 2026 [7]