Multiple Trucking Companies Shut Down Amid Industry Crisis

Several longstanding American trucking companies are shutting down amid a challenging economic climate for the industry, citing rising operational costs, lack of qualified drivers, and declining freight demand. Family-run businesses like Wes Olson Trucking in Idaho and Davis Express in Florida are closing after decades in operation, with owners pointing to increased insurance rates, stricter regulations, and an inability to attract enough reliable drivers as key factors. The recent 'Great Freight Recession' has forced many companies, both large and small, to either downsize, close, or file for bankruptcy due to reduced shipping demand, lower freight rates, and surging costs of labor, fuel, and insurance. Some companies, such as LTI Trucking and Davis Express, have closed without bankruptcy proceedings, while others like Best Choice Trucking and C&C Freight Network have filed for Chapter 11 to restructure debts. Owners report that despite efforts to keep crews employed and maintain operations, continued losses and legal pressures have made sustainability impossible. The closures reflect broader industry struggles, with no immediate signs of improvement forecasted.