How many trucking companies went out of business this year?
Sarah Duran
Published Mar 21, 2026
A total of 3,140 trucking companies ceased operations last year, according to a report from transportation industry data firm Broughton Capital, up from 1,100 in 2019.
What happened trucking business?
Carrier Bankruptcy Currently, at least three thousand truckers are unemployed due to the closing down of these companies, leading to a growing number of unemployed people. One of the reasons for this is also because of the shortage of movement of goods.
How profitable is owning a trucking company?
An owner operator may take home around $2000-$5000+ weekly, while an investor can make a profit of $500-$2000+ per truck weekly. However, there are many factors that affect profitability. Here you will find a rough estimate of earnings based on average market rates and expense values.
How much does Hobby Lobby pay their employees?
Hobby Lobby, Inc. Jobs by Hourly Rate
| Job Title | Range | Average |
|---|---|---|
| Retail Sales Associate | Range:$9 – $17 | Average:$12 |
| Customer Service Manager | Range:$10 – $18 | Average:$14 |
| Retail Store Assistant Manager | Range:$12 – $22 | Average:$16 |
| Administrative Assistant | Range:$15 – $26 | Average:$19 |
How do you apply for a job at Hobby Lobby?
A Hobby Lobby career starts with filling an application form out in person, or individuals may apply online. Hiring managers will contact candidates to schedule an interview. Management will discuss things like prior work experience, salary options, scheduling and job descriptions during this meeting.
Are there a lot of trucking companies out there?
There are a lot of trucking companies out there. Small businesses dominate the industry. Per the American Trucking Associations (ATA) statistics, 91% of trucking companies operate 6 or fewer trucks. And 97% operate 20 trucks or fewer. Last year (2018) was a record revenue year for the trucking industry.
Are there any trucking companies that are going bankrupt?
Consolidated Freightways. The year 2019 was rocked with a trucking “bloodbath” after two major trucking companies filed for bankruptcy and let go of at least 1,000 truck drivers. But 2019 isn’t’ unique: several trucking bankruptcies throughout the past few decades have left thousands of truck drivers jobless.
Why did g.d.s.trucking company close?
G.D.S.’s situation came just two weeks after another trucking company, Celadon Group Inc., filed for Chapter 11 bankruptcy and shuttered. The closure came after two former senior executives were indicted for financial fraud.
When was the last trucking company shut down?
The company shut down September 2002 while it had over 7,000 trucks in its fleet. At the time of its demise, CF was the nation’s third-biggest less-than-truckload carrier, which is when multiple shippers share a portion of the same truck, according to Freight Quote.
