According to www.freightwaves.com, 12 freight transportation and logistics companies filed for Chapter 11 bankruptcy protection in March 2026, extending a wave of financial distress that began in January and intensified through February. The filings spanned trucking carriers, freight brokers, third-party logistics (3PL) providers, last-mile delivery contractors, marine transportation operators, and equipment service firms — signaling broad-based stress across interdependent segments of the U.S. freight ecosystem.
Trucking Carriers: Small Fleets, Disproportionate Liabilities
Most trucking bankruptcies involved small operators with limited asset bases but substantial debt burdens. SP Trans Inc. (Illinois), with approximately 13 drivers, reported assets of $0–$50K against liabilities of $1M–$10M. Harlow Enterprises LLC (West Virginia) listed 8 drivers, $50K–$100K in assets, and $0–$50K in liabilities. Dynamic Transport Service Inc. (Florida) operated with just 1 driver and $50K–$100K in assets, yet carried $100K–$500K in liabilities. W. Jackson Trucking LLC (Arkansas), hauling agricultural commodities with 12 drivers, disclosed $0–$50K in assets versus $1M–$10M in liabilities. SN Transport Inc. (Puerto Rico), which hauls U.S. mail and employs 23 drivers, reported $100K–$500K in assets and $1M–$10M in liabilities. G & R Systems LLC (New Jersey) — a 1-driver, 1-truck operation — listed $0–$50K in assets and $100K–$500K in liabilities.
Logistics, Last-Mile, and Marine Operators Under Pressure
Bankruptcy filings also included Cal Logistics Group LLC, a freight brokerage firm; Hyse Industries Inc., a third-party logistics and shipping brokerage; and Patriot DSP LLC — an Amazon Delivery Service Partner employing 95–120 delivery associates and operating a fleet of 35–45 vans. Patriot DSP reported $100K–$500K in assets but $1M–$10M in liabilities. In marine and infrastructure-adjacent sectors, Crosby Marine Transportation LLC — operating a fleet of 45 vessels — filed with $100M–$500M in both assets and liabilities. Swiftships LLC, a shipbuilding and repair company, reported $10M–$50M in both categories. Sparhawk Truck and Trailer Inc., a heavy-duty truck and trailer maintenance provider, listed $1M–$10M in assets and $10M–$50M in liabilities.
Operational Continuity and Systemic Risks
Many filers stated their intent to continue operations under court supervision while restructuring debt — a hallmark of Chapter 11 proceedings. However, the scale and scope of filings indicate that financial pressure is no longer isolated to marginal trucking fleets. As FreightWaves notes:
“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 restructurings may eventually remove excess capacity and rebalance freight markets, they simultaneously introduce tangible risks for shippers and brokers — including unpaid invoices, service disruptions, and tightening credit terms. For supply chain professionals, this means heightened due diligence on carrier financial health, more rigorous contract terms around payment guarantees and insurance verification, and proactive contingency planning for last-mile and marine transport dependencies. With filings accelerating early in 2026, consolidation appears increasingly likely across trucking, logistics, and transportation services as weaker operators exit or restructure.
Source: FreightWaves
Compiled from international media by the SCI.AI editorial team.
