{"id":137975,"date":"2026-03-30T09:17:53","date_gmt":"2026-03-30T12:17:53","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/902720709"},"modified":"2026-03-30T09:17:53","modified_gmt":"2026-03-30T12:17:53","slug":"freight-bankruptcies-mount-in-march-as-trucking-logistics-firms-file-chapter-11","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/30\/freight-bankruptcies-mount-in-march-as-trucking-logistics-firms-file-chapter-11\/","title":{"rendered":"Freight bankruptcies mount in March as trucking, logistics firms file Chapter 11"},"content":{"rendered":"<div><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i2.wp.com\/freightwaves.b-cdn.net\/wp-content\/uploads\/2026\/03\/28\/Bankruptcy_March2026.jpg?width=2310&height=1298&ssl=1\" class=\"ff-og-image-inserted\"><\/div>\n<p>Bankruptcies across the freight transportation and logistics sector continued to mount in March, with trucking companies, logistics providers, last-mile delivery firms and marine operators filing for Chapter 11 protection, continuing a trend that began in January and February as financial pressure across the supply chain persists.<\/p>\n<p>A wide range of companies filed for bankruptcy protection, from small trucking fleets with only a handful of drivers to larger marine transportation operators and last-mile delivery contractors employing over 100 workers. Many of the companies said they intend to continue operating while restructuring debt under court supervision.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-trucking-carriers-filing-chapter-11\">Trucking carriers filing Chapter 11<\/h2>\n<p>Several trucking companies filed for bankruptcy in March, many operating small fleets:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>SP Trans Inc.<\/strong> (Illinois) \u2014 approximately 13 drivers.<\/li>\n<li><strong>Harlow Enterprises LLC<\/strong> (West Virginia) \u2014 approximately 8 drivers.<\/li>\n<li><strong>Dynamic Transport Service Inc.<\/strong> (Florida) \u2014 1 driver.<\/li>\n<li><strong>W. Jackson Trucking LLC<\/strong> (Arkansas) \u2014 approximately 12 drivers hauling agricultural commodities.<\/li>\n<li><strong>SN Transport Inc.<\/strong> (Puerto Rico) \u2014 approximately 23 drivers, including U.S. mail hauling.<\/li>\n<li><strong>G &amp; R Systems LLC<\/strong> (New Jersey) \u2014 1 driver and 1 truck.<\/li>\n<\/ul>\n<p>Most of these carriers reported relatively small asset bases but significant liabilities, a pattern that has become increasingly common among small and midsize trucking companies during the freight downturn.<\/p>\n<div class=\"flex my-20 justify-center w-full overflow-hidden fw-ad-id-470282\">\n<p> window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot(&#8216;\/21776187881\/FW-Responsive-Main_Content-Slot1&#8217;, [[300, 100], [320, 50], [728, 90], [468, 60]], &#8216;div-gpt-ad-1709668545404-0&#8217;).defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); });\n<\/p>\n<\/p><\/div>\n<div id=\"omeda-post-content\">\n<h2 class=\"wp-block-heading\" id=\"h-logistics-last-mile-and-transportation-services-companies\">Logistics, last-mile and transportation services companies<\/h2>\n<p>Bankruptcy filings in March also included logistics and delivery providers:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Cal Logistics Group LLC<\/strong> \u2014 freight brokerage firm (employee count not listed).<\/li>\n<li><strong>Hyse Industries Inc.<\/strong> \u2014 third-party logistics and shipping brokerage (employee count not listed).<\/li>\n<li><strong>Patriot DSP LLC<\/strong> \u2014 Amazon Delivery Service Partner with approximately 95\u2013120 delivery associates and a fleet of 35\u201345 vans.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"h-marine-and-transportation-support-companies\">Marine and transportation support companies<\/h2>\n<p>Several larger transportation-related companies also filed for Chapter 11:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Crosby Marine Transportation LLC<\/strong> \u2014 marine towing company operating approximately 45 vessels.<\/li>\n<li><strong>Swiftships LLC<\/strong> \u2014 shipbuilding and repair company.<\/li>\n<li><strong>Sparhawk Truck and Trailer Inc.<\/strong> \u2014 heavy-duty truck and trailer maintenance and repair company.<\/li>\n<\/ul>\n<p>These filings show that financial distress is spreading beyond trucking into marine transportation, equipment services and last-mile delivery \u2014 all key parts of the freight ecosystem.&nbsp;<\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-background has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Company<\/strong><\/td>\n<td><strong>Segment<\/strong><\/td>\n<td><strong>Employees\/Drivers<\/strong><\/td>\n<td><strong>Assets<\/strong><\/td>\n<td><strong>Liabilities<\/strong><\/td>\n<\/tr>\n<tr>\n<td>SP Trans Inc.<\/td>\n<td>Trucking<\/td>\n<td>13 drivers<\/td>\n<td>$0\u2013$50K<\/td>\n<td>$1M\u2013$10M<\/td>\n<\/tr>\n<tr>\n<td>Harlow Enterprises LLC<\/td>\n<td>Trucking<\/td>\n<td>8 drivers<\/td>\n<td>$50K\u2013$100K<\/td>\n<td>$0\u2013$50K<\/td>\n<\/tr>\n<tr>\n<td>Dynamic Transport Service Inc.<\/td>\n<td>Trucking<\/td>\n<td>1 driver<\/td>\n<td>$50K\u2013$100K<\/td>\n<td>$100K\u2013$500K<\/td>\n<\/tr>\n<tr>\n<td>W. Jackson Trucking LLC<\/td>\n<td>Trucking<\/td>\n<td>12 drivers<\/td>\n<td>$0\u2013$50K<\/td>\n<td>$1M\u2013$10M<\/td>\n<\/tr>\n<tr>\n<td>SN Transport Inc.<\/td>\n<td>Trucking<\/td>\n<td>23 drivers<\/td>\n<td>$100K\u2013$500K<\/td>\n<td>$1M\u2013$10M<\/td>\n<\/tr>\n<tr>\n<td>G &amp; R Systems LLC<\/td>\n<td>Trucking\/Logistics<\/td>\n<td>1 driver<\/td>\n<td>$0\u2013$50K<\/td>\n<td>$100K\u2013$500K<\/td>\n<\/tr>\n<tr>\n<td>Cal Logistics Group LLC<\/td>\n<td>Freight Broker<\/td>\n<td>Not listed<\/td>\n<td>$100K\u2013$500K<\/td>\n<td>$100K\u2013$500K<\/td>\n<\/tr>\n<tr>\n<td>Hyse Industries Inc.<\/td>\n<td>3PL<\/td>\n<td>Not listed<\/td>\n<td>$50K\u2013$100K<\/td>\n<td>$0\u2013$50K<\/td>\n<\/tr>\n<tr>\n<td>Patriot DSP LLC<\/td>\n<td>Last-mile delivery<\/td>\n<td>95\u2013120 employees<\/td>\n<td>$100K\u2013$500K<\/td>\n<td>$1M\u2013$10M<\/td>\n<\/tr>\n<tr>\n<td>Sparhawk Truck &amp; Trailer Inc.<\/td>\n<td>Truck repair<\/td>\n<td>Not listed<\/td>\n<td>$1M\u2013$10M<\/td>\n<td>$10M\u2013$50M<\/td>\n<\/tr>\n<tr>\n<td>Crosby Marine Transportation LLC<\/td>\n<td>Marine transport<\/td>\n<td>Fleet of 45 vessels<\/td>\n<td>$100M\u2013$500M<\/td>\n<td>$100M\u2013$500M<\/td>\n<\/tr>\n<tr>\n<td>Swiftships LLC<\/td>\n<td>Shipbuilding<\/td>\n<td>Not listed<\/td>\n<td>$10M\u2013$50M<\/td>\n<td>$10M\u2013$50M<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>The continued rise in bankruptcies across trucking, brokerage, last-mile delivery and marine transportation signals that the freight recession is still working its way through the supply chain. While bankruptcies and restructurings can remove excess capacity and help rebalance freight markets, they also create risks for shippers, brokers and carriers through unpaid invoices, service disruptions and tighter credit conditions.<\/p>\n<p>If the pace of Chapter 11 filings continues through 2026, the industry could see increased consolidation across trucking, logistics and transportation services as financially weaker operators restructure or exit the market.<\/p>\n<\/div>\n<p>.fw-events-wrap { font-family: &#8216;Poppins&#8217;, sans-serif !important; width: 100% !important; box-sizing: border-box !important; margin: 20px 0 0 !important; padding: 0 !important; }<br \/>\n.fw-eyebrow { font-size: 16px !important; font-weight: 600 !important; color: rgb(52 117 182) !important; display: block !important; margin: 0 0 6px !important; letter-spacing: 0 !important; text-transform: none !important; }<br \/>\n.fw-divider { position: relative !important; height: 1px !important; background: #e5e5e5 !important; 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Join shippers, rail executives, and government officials to shape the next decade.<\/p>\n<p> <span class=\"fw-acc-venue\">The Signal at Chattanooga Choo Choo \u2022 Chattanooga, TN<\/span> <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/live.freightwaves.com\/future-of-rail-symposium?utm_source=freightwaves&amp;utm_medium=article-widget&amp;utm_campaign=future-of-rail-symposium\" class=\"fw-acc-cta\">Register Now<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>function fwToggle(trigger) { var body = trigger.nextElementSibling; var chevron = trigger.querySelector(&#8216;.fw-chevron&#8217;); var isOpen = body.classList.contains(&#8216;open&#8217;); document.querySelectorAll(&#8216;.fw-acc-body.open&#8217;).forEach(function(b){ b.classList.remove(&#8216;open&#8217;); }); document.querySelectorAll(&#8216;.fw-chevron.open&#8217;).forEach(function(c){ c.classList.remove(&#8216;open&#8217;); }); if (!isOpen) { body.classList.add(&#8216;open&#8217;); chevron.classList.add(&#8216;open&#8217;); }<br \/>\n}<\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; Inc. \u00e2\u0080\u0094 third-party logistics and <span class=\"match\">shipping<\/span> brokerage (employee count not listed &#8230; approximately 45 vessels. Swiftships LLC \u00e2\u0080\u0094 <span class=\"match\">shipbuilding<\/span> and repair company. Sparhawk Truck &#8230; Chattanooga, TN Reshoring is rewriting <span class=\"match\">freight<\/span> demand. Join shippers, rail &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-137975","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/137975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=137975"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/137975\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=137975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=137975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=137975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}