91-year-old trucking company shuts down operations, no bankruptcy

Industry Overview - The freight industry is experiencing a significant recession, with many trucking companies permanently shutting down operations and filing for bankruptcy. In the third quarter of 2025, approximately 21 firms filed for bankruptcy, following 20 companies in the second quarter [1]. Company Closures - J.B. Hunt Transport Inc. closed its facility at the Home Depot Distribution Center in Lithonia, Georgia, on October 27, 2025. Additionally, 10 Roads Express, a U.S. Postal Service contractor, plans to cease all operations by the end of January 2026 without filing for bankruptcy [2]. - Standard Forwarding Freight, a less-than-truckload shipping company operating in 16 states, closed its business on December 29, 2025, and terminated employees, stating it would suspend day-to-day operations [7][8]. Layoffs - 10 Roads Express submitted a Worker Adjustment and Retraining Notification on December 1, indicating that approximately 2,000 workers would be laid off, with a final layoff date set for January 30, 2026 [3]. Company Statements - 10 Roads Express cited significant headwinds impacting the transportation industry as the reason for winding down operations, emphasizing the challenges faced despite employee dedication [5][6].