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Wave of trucking companies file for Chapter 11 bankruptcy
Yahoo Financeยท 2025-10-20 17:33
Freight companies have struggled despite demand. Multiple bankruptcies have already been filed in October. High operating costs and tariffs remain risks. America has a freight and trucking crisis. "According to the American Trucking Association, there's a shortage of 50,000 truck drivers nationally. It's increasing shipping costs not just to businesses, but to consumers, too," CBS News reported. The challenge is that there is a shortage of licensed drivers, and many who get a CDL actually drop ou ...