#freight-market-downturn
(5 articles)Freight Industry Shed 245+ Jobs as Nine Companies File for Bankruptcy
The freight and logistics sector is experiencing acute financial distress, with nine companies filing for bankruptcy and four major employers announcing workforce reductions totaling over 245 jobs acr
Carriers Shut Down, Logistics Firms Cut Jobs Amid Freight Distress
The freight market is experiencing elevated distress signals as multiple trucking carriers shut down operations and major logistics firms announce workforce reductions. This development signals a cont
US Trucking Companies Face Wave of Bankruptcies and Layoffs
The trucking and logistics sector across the United States is experiencing a significant contraction, marked by a wave of bankruptcies and workforce reductions among carriers of varying sizes. This co
Knight-Swift's $130M Insurance Collapse Exposes Motor Carrier Risk Crisis
Knight-Swift's Iron Insurance program, launched in 2021 through its Mohave Transportation Insurance captive, represents one of the most expensive failures in trucking insurance history. The program pr
PIL Earnings Plunge 22.5% Amid Collapsing Freight Rates
Pacific International Lines (PIL), a major global container carrier, reported a significant 22.5% earnings decline to US$1 billion in 2025, driven primarily by depressed ocean freight rates across maj