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Home»Business»New trucking bankruptcies expose mounting debt and shrinking fleets 
Business

New trucking bankruptcies expose mounting debt and shrinking fleets 

October 21, 2026No Comments5 Mins Read
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New trucking bankruptcies expose mounting debt and shrinking fleets 
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Monetary misery continues to have an effect on trucking corporations throughout the U.S., with no less than 16 carriers submitting for chapter safety between Sept. 18 and Oct. 21.

In line with a BigRig evaluate of federal chapter information, the filings span a number of freight segments, together with basic freight, petroleum transportation, logging and timber hauling. Additionally they contain corporations starting from single-truck operators to carriers reporting dozens of energy items.

The bankruptcies embrace each Chapter 7 liquidation circumstances and Chapter 11 proceedings, which typically enable companies to restructure money owed whereas probably persevering with operations.

Among the many bigger carriers recognized within the evaluate are Illinois-based Georgia-based KLS Logging Inc., which lists 53 energy items and 28 drivers; and McAllen, Texas-based American Petroleum Carriers, which filed for Chapter 11 safety. The corporate lists 16 vehicles and 10 drivers.

The filings spotlight monetary challenges confronting smaller trucking companies.

Illinois provider lists $2.3 million in liabilities

Chicago-based Midwest Expedited Co. filed for Chapter 11 chapter safety Oct. 6 within the U.S. Chapter Court docket for the Northern District of Illinois.

The corporate, which lists 95 vehicles on its LinkedIn web page however seven Freightliner vehicles particularly recognized in its chapter schedules, reported roughly $2.31 million in liabilities towards simply $108,351 in belongings, in keeping with its chapter schedules.

The submitting lists $935,384 in secured claims and roughly $1.38 million in nonpriority unsecured claims.

Midwest Expedited’s chapter schedules establish seven Freightliner M2 vehicles from the 2023 and 2024 mannequin years, collectively valued at $107,500. The seven autos listed in courtroom paperwork are usually not essentially consultant of the corporate’s beforehand reported fleet dimension.

Texas provider reviews sharp income decline

In El Paso, Texas, Site2Site Transport filed for Chapter 7 chapter safety Sept. 29 after reporting a considerable decline in annual income.

In line with its chapter submitting, the corporate generated roughly $2.1 million in gross income in 2024, in contrast with $1.6 million in 2025 — a decline of roughly 24%.

The submitting reported no gross income from Jan. 1, 2026, by way of the chapter submitting date.

Site2Site additionally disclosed leases involving eight vehicles and liabilities exceeding $493,000.

The Chapter 7 submitting signifies the corporate is pursuing liquidation moderately than a conventional Chapter 11 restructuring.

One other Texas provider, McAllen-based American Petroleum Carriers, filed for Chapter 11 safety within the Southern District of Texas below case quantity 26-70331.

The corporate lists 16 vehicles and 10 drivers.

Chapter filings prolong throughout a number of states

Different filings illustrate how chapter proceedings are affecting trucking operations of various sizes.

KLS Logging Inc., primarily based in Lyons, Georgia, filed for Chapter 11 safety within the Southern District of Georgia.

Federal Motor Provider Security Administration data included within the evaluate identifies the corporate as working 53 energy items with 28 registered drivers. The provider primarily transports unmanufactured logs, poles, beams and lumber.

In Oregon, Lakeview-based Eskil Trucking filed for Chapter 11 safety after reporting greater than $1 million in liabilities and not more than $500,000 in belongings.

The corporate beforehand reported seven vehicles and 6 drivers. Its chapter submitting recognized practically $855,000 owed to Sargent Transportation, one other southern Oregon trucking firm, as its largest creditor declare.

A number of Illinois-based transportation companies additionally sought chapter safety.

Maksteel Transport LLC filed Chapter 11 on Sept. 23, itemizing 5 vehicles and three drivers. Douglass Logistics LLC filed Chapter 11 the identical day, reporting 15 vehicles and 10 drivers.

Windy Metropolis Provide Chain LLC filed Chapter 7 on Oct. 2. The corporate listed 20 owner-operator drivers, though the variety of vehicles it owned or operated was not established within the data reviewed.

Lake Zurich-based Xcalibur Logistics, which lists one truck and one driver, additionally filed for Chapter 7 safety.

In North Carolina, FAB Trucking LLC filed Chapter 11 within the Jap District of North Carolina, whereas Excessive Level-based Porter’s Hauling LLC filed Chapter 7. One other Excessive Level provider, Queen’s Hauling LLC, was recognized in chapter information, though the chapter was not established within the accessible analysis.

Extra filings concerned Wooten 4 Trucking LLC in Illinois, Jotham Trucking LLC in Michigan, Tros Logging in Alabama and Gerek Trucking in West Virginia.

Fleet and chapter submitting breakdown

Firm Vans / energy items Drivers Chapter
Midwest Expedited Co. 95 reported; 7 in asset schedules — Ch. 11
KLS Logging Inc. 53 28 Ch. 11
Site2Site Transport 8 leased — Ch. 7
Eskil Trucking 7 6 Ch. 11
Maksteel Transport LLC 5 3 Ch. 11
Windy Metropolis Provide Chain LLC — 20 owner-operators Ch. 7
Douglass Logistics LLC 15 10 Ch. 11
Xcalibur Logistics 1 1 Ch. 7
FAB Trucking LLC 2 1 Ch. 11
Wooten 4 Trucking LLC 2 — Ch. 7
American Petroleum Carriers 16 10 Ch. 11
Porter’s Hauling LLC 1 1 Ch. 7
Queen’s Hauling LLC 8–9 5 Not specified
Jotham Trucking LLC 1 1 Ch. 11
Tros Logging 3 3 Ch. 11
Gerek Trucking 3 — Not specified
Supply: BigRig analysis compilation, Sept. 18–Oct. 21, 2026, and Midwest Expedited’s Oct. 6 chapter petition. A splash signifies data not established by the equipped supplies. Fleet counts might characterize completely different reporting intervals and are usually not essentially present.

Why it issues: The bankruptcies provide one other indication of economic stress amongst smaller carriers, though the filings alone don’t set up an industrywide improve in bankruptcies.

The submit New trucking bankruptcies expose mounting debt and shrinking fleets  appeared first on BigRig.

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