The Great Freight Recession continues to force trucking and logistics companies into financial distress, requiring many to file for Chapter 11 bankruptcy and sometimes close down their business.
Whether it’s a large trucking company that ships truckloads to all 48 contiguous states or a small shipping company with a handful of trucks and drivers, the size of the company doesn’t matter. Companies of all sizes are declaring bankruptcy, reorganizing, and shutting down.
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In some cases, companies shut down without filing for bankruptcy.
For example, Madison, Ill.-based LTI Trucking, with about 250 drivers, 300 tractors, and 575 trailers, shut down its operations on April 2, but did not file for bankruptcy protection.
Related: Major trucking company files Chapter 11 bankruptcy
The company, which did not state a reason for closing, was a major shipper of products for AB InBev, KraftHeinz, Vlasic, Hershey’s, Nestle, Tyson, Hillshire Farm, Kroger, Hostess, and Sara Lee.
Florida-based regional trucking company Davis Express Inc., which had 160 trucks and 140 drivers, shut down its business permanently in April after making its final deliveries on April 23 and returning all trucks to its terminal by April 30.
Davis Express also did not file for bankruptcy.
The company’s owner, however, said the company, which operated in Florida, Alabama, Georgia, and South Carolina, had been unprofitable since 2023, and he did not expect to see improvement in 2025.Â
All employees were paid and received benefits through their June 15 pay period, the company said.
Integral Express declares bankruptcy to restructure debt
On the other side of the trucking spectrum, Bloomingdale, Ill.-based Integral Express, with three trucks and three drivers, filed for Chapter 11 bankruptcy protection on June 15 in the U.S. Bankruptcy Court for the Northern District of Illinois.
The debtor listed $500,000 to $1 million in assets and $1 million to $10 million in liabilities, including $200,000 owed to M&K Financial, $150,000 owed to CIT Bank, $98,000 owed to Chase Card Services, and over $87,000 owed to De Lage Landen Financial.
The debtor indicated in its petition that funds would be available for distribution to unsecured creditors.
Dolche Truckload files for bankruptcy to reorganize its business.
Image source: Shutterstock
Dolche Truckload files for bankruptcy protection
Finally, major nationwide trucking and logistics company Dolche Truckload Corp. filed for Chapter 11 protection on June 15 to reorganize its business and restructure its debts.
Related: Another major trucking company files for Chapter 11 bankruptcy
The Palatine, Ill., women-owned and founded trucking company listed $1 million to $10 million in assets and liabilities in its Subchapter V petition filed in the U.S. Bankruptcy Court for the Northern District of Illinois, including $495,000 owed to the Small Business Administration, as well as creditor claims from M&T Bank, Daimler Truck Financial and Headway Capital.
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The debtor also listed claims from credit card companies, including Capital One, American Express, and Chase.
The company did not state a reason for filing for bankruptcy in its petition.
Dolche Truckload, founded and owned by Desi Evans since 2010, operates 70 trucks for interstate shipping to 48 contiguous states, according to its website.
The trucking company carries general freight, fresh produce, meat, refrigerated food, beverages, paper products, liquids and gases, and chemicals, according to the Federal Motor Carrier Safety Administration SAFER website.
Dolche Truckload offers shipping on flatbeds, full truckload, and less-than-truckload services.
Related: Major logistics and trucking company files Chapter 11 bankruptcy
