LayoffHedge(@LayoffAI):SMALL TRUCKING COMPANIES ARE FOLDING AND NO LAYOFF COUNT WILL CATCH IT This deserves far more attention. Bloomberg counts 221 trucking bankruptcies so far in 2026. That extends a three-year spike at levels not seen in decades. Most of the pain is at small carriers running 20 trucks or fewer. Often just one. The federal WARN Act only applies to employers with 100 or more workers. A five-truck outfit can shut down and never file a notice. A survey of hundreds of small carriers by Truckstop and Bloomberg Intelligence found about two-thirds have flat or falling revenue. Almost 40% expect to be out of trucking in six months or don't know where they will be. Every one of those is a paycheck that never shows up in a layoff headline.

2026.11.09 15:36

SMALL TRUCKING COMPANIES ARE FOLDING AND NO LAYOFF COUNT WILL CATCH IT This deserves far more attention. Bloomberg counts 221 trucking bankruptcies so far in 2026. That extends a three-year spike at levels not seen in decades. Most of the pain is at small carriers running 20 trucks or fewer. Often just one. The federal WARN Act only applies to employers with 100 or more workers. A five-truck outfit can shut down and never file a notice. A survey of hundreds of small carriers by Truckstop and Bloomberg Intelligence found about two-thirds have flat or falling revenue. Almost 40% expect to be out of trucking in six months or don't know where they will be. Every one of those is a paycheck that never shows up in a layoff headline.

The Kobeissi Letter@KobeissiLetter

2026.11.09 03:41

BREAKING: 221 US trucking companies have filed for bankruptcy so far in 2026, on track for the highest annual total in 23 years. This marks the 3rd consecutive year with at least 220 bankruptcies. By comparison, annual bankruptcies were below 100 in both 2021 and 2022. Furthermore, ~66% of small US trucking firms, typically operating 20 or fewer trucks, reported flat or declining revenue YoY, according to a Truckstop and Bloomberg survey of hundreds of carriers. At the same time, ~40% expect to leave the industry or are unsure of their future over the next 6 months. This comes as surging diesel prices, rising insurance premiums, and higher interest rates are increasingly squeezing smaller trucking companies. The US trucking industry needs help.