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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Kirk O’NeilMon, October 13, 2025 at 1:45 AM GMT+2 3 min readThe trucking and logistics sector has faced economic challenges and financial distress over the last three years, with 1,000s of shipping companies shutting down operations permanently and going out of business.The number of motor carriers with operating authority dropped by 3.7% in 2024 or 13,000 fewer than in 2023, with 339,220 carriers operating, according to the Federal Motor Carriers Association, Fleet Owner reported.2024 motor carriers, 339,2202023 motor carriers, 352,220The industry, however, had some encouraging news, as the number of newly registered carriers rose by 13% or over 25,000 more than in 2023 to 148,485 in 2024.But the news lately hasn't been great as the industry has endured the Great Freight Recession over the last three years, and experts say it isn't finished yet."News Flash: The three-year-long Great Freight Recession is NOT over. The leading indicators that caused FreightWaves to declare the end of the GFR in November 2024, and the resulting carrier optimism is now in the rearview mirror," David Roush, president of accounting firm KSM Transport Advisors, said on the company's website in March 2025.In some cases, trucking companies have filed for bankruptcy protection.Related: Struggling national trucking company files Chapter 11 bankruptcyAt least 20 trucking and logistics companies filed for bankruptcy in the second quarter of 2025 alone, Equipment Finance News reported. The industry was on pace in the third quarter to match the second-quarter results, as 16 trucking firms had filed for bankruptcy by mid-September.Major trucking companies have been able to weather the storm and shut down certain facilities that no longer make economic sense, while continuing to operate profitable locations.One of the nation's leading trucking companies, J.B. Hunt Transport Inc., filed a federal Worker Adjustment and Retraining Notification Act notice asserting that it will close its facility at the Home Depot Distribution Center in Lithonia, Ga., on Oct. 27, 2025.J.B. Hunt sent a required 60-day notice to its 74 employees at the facility on Aug. 26, informing them that the facility would be closing, according to a letter sent on the same day to the Technical College System of Georgia, which oversees the state's WARN notice filings.And now, a much smaller trucking operation has also sent a WARN notice to its employees, asserting that it is shutting down all of its operations.Epic Lightning Fast Service closes down its operations.ShutterstockSan Diego-based trucking company Epic Lightning Fast Service LLC plans to shut down all operations permanently on Oct. 31 and lay off all 116 of its workers, according to a WARN notice that the company filed with the State of California, FreightWaves reported.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,669.25 +74.00 (+1.12%)Dow Futures46,066.00 +360.00 (+0.79%)Nasdaq Futures24,788.25 +391.25 (+1.60%)Russell 2000 Futures2,439.00 +30.50 (+1.27%)VIX21.66 +5.23 (+31.83%)Gold4,054.60 +54.20 (+1.35%)PortfolioSign in to access your portfolioSign inTop gainersPTGX Protagonist Therapeutics, Inc. 87.00 +19.96 (+29.77%)APLD Applied Digital Corporation 33.99 +4.70 (+16.05%)NAMS NewAmsterdam Pharma Company N.V. 37.05 +4.04 (+12.26%)FRMI Fermi Inc. 29.08 +2.31 (+8.63%)MP MP Materials Corp. 78.34 +6.05 (+8.37%)Top losersVG Venture Global, Inc. 9.45 -3.13 (-24.88%)DGNX Diginex Limited 24.93 -6.46 (-20.58%)CORT Corcept Therapeutics Incorporated 73.96 -14.40 (-16.30%)WRD WeRide Inc. 10.17 -1.80 (-15.04%)AMBA Ambarella, Inc. 72.88 -11.40 (-13.53%)Most activeNVDA NVIDIA Corporation 183.05 -9.46 (-4.91%)BBAI BigBear.ai Holdings, Inc. 7.22 -0.27 (-3.60%)BITF Bitfarms Ltd. 4.2000 +0.0300 (+0.72%)INTC Intel Corporation 36.33 -1.47 (-3.89%)PLUG Plug Power Inc. 3.4200 -0.3600 (-9.52%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNQ=F Nasdaq 100 Dec 25 24,788.25 +391.25 (+1.60%)ES=F E-Mini S&P 500 Dec 25 6,669.00 +73.75 (+1.12%)YM=F Mini Dow Jones Indus.-$5 Dec 25 46,066.00 +360.00 (+0.79%)GC=F Gold Dec 25 4,054.30 +53.90 (+1.35%)^N225 Nikkei 225 48,088.80 -491.60 (-1.01%)Top economic events