640 trucking companies have closed their doors in 2019

Trucking company failures are rising as faltering freight demand exposes operators unprepared for a downturn after last year’s red-hot shipping market.

Approximately 640 carriers went out of business in the first half of 2019, up from 175 for the same period last year and more than double the total number of trucker failures in 2018, according to transportation industry data firm Broughton Capital LLC.



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