Freight Downturn Deepens as Supply Chain Bankruptcies Mount

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Bankruptcy filings continued to mount across the U.S. supply chain sector in January and February, underscoring persistent financial pressure on trucking companies, third-party logistics providers, repair shops, and manufacturers. The latest filings reflect the prolonged strain of a freight market still grappling with excess trucking capacity, soft spot rates, and uneven freight volumes.

Why it matters

The bankruptcy filings highlight the ongoing challenges facing the freight and logistics industry, which has been impacted by factors such as overcapacity, declining rates, and uneven demand. These issues are straining companies across the supply chain, from trucking firms to repair shops and manufacturers.

The details

Several companies have filed for Chapter 11 bankruptcy protection in recent weeks, including Bee & G Enterprises, a Tacoma-based intermodal and drayage carrier; Mare Island Dry Dock, a ship repair and maintenance company in Vallejo, California; Santin Auto and Truck Repair Center in San Antonio; Lancaster Packaging, an industrial packaging distributor in Fitchburg, Massachusetts; Fettes Manufacturing, an automotive and industrial steel supplier in Sterling Heights, Michigan; and Global Logistics and Fulfillment, a third-party logistics provider in Las Vegas. The filings underscore the financial pressures facing companies in the freight and logistics sector.

• The latest bankruptcy filings were made in January and February 2026.