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High Diesel Prices Bankrupted 16 Trucking Companies in Just 30 Days

High Diesel Prices Bankrupted 16 Trucking Companies in Just 30 Days

speckx

Comments (103)

  • thelastgallon
    Trucking is already subsidized because they don't pay their fair share of costs. Road damage is proportional to the 4th power: https://en.wikipedia.org/wiki/Fourth_power_lawRoads are entirely subsidized by people. Commercial trucks should bear the fair costs to make it equitable. Businesses will have the greatest incentive to cut costs and improve logistics.And we need to talk about the externalities and fossil fuel subsidies, $7T/year worldwide (yale).
  • celestialcheese
    This is a meaningless stat without comparison. There are nearly 500k trucking companies operating in the US, with ~91% operating 10 trucks or fewer.16 companies seems like standard churn (if not a significantly lower than what I'd expect in a low margin business like trucking).
  • simondotau
    I did a quick check to see how unusual this is. According to LLM-assisted research on actual U.S. trucking companies filing Chapter 7 or Chapter 11 (rather than carriers simply shutting down) the number isn't especially remarkable.16 trucking bankruptcies in 30 days looks elevated, but it's not unprecedented. FreightWaves counted more than 20 trucking-related Chapter 7/11 filings in another 30-day period earlier in 2026, while previous downturns have produced much larger waves of failures.What's happening here is that a sudden cost shock (like a diesel price spike) is probably clustering failures that might otherwise have been spread over several months. So 16 filings in a month may say something about timing, but by itself doesn't seem strong evidence of an extraordinary increase in the underlying rate of trucking bankruptcies.That isn't to say higher fuel costs are a non-event; clearly they're bad for an industry already operating on thin margins. But we'll need longer-term statistics before we can tell whether fuel prices caused a sustained, systemic increase in trucking bankruptcies.--https://www.freightwaves.com/news/freight-market-pushes-anot... (Early 2026)https://www.thestreet.com/retail/bulmaks-files-chapter-11-ba... (Late 2025)https://www.freightwaves.com/news/an-unusually-terrible-frei... (Mid 2023)https://www.freightwaves.com/news/the-trucking-bloodbath-isn... (Mid 2022)https://www.truckingdive.com/news/trucking-fleet-bankruptcy-... (Early 2021)https://www.propertycasualty360.com/fcs/2020/01/13/another-o... (Early 2020)
  • tptacek
    I'm sure there's something to this but unless I missed it this story is missing the one piece of data you really want in order to contextualize: how many trucking companies ordinarily go under any given month?
  • ectospheno
    Aren't there several orders of magnitude more trucking companies in the US than 16?
  • delichon
    The interstate pneumatic tube network I designed with macaroni in the fifth grade is looking visionary now.
  • SoftTalker
    I thought after previous fuel price shocks that freight companies had a separate line item on their invoices for fuel that was actual cost or close to it.So I had assumed that the $7-8/g diesel was already passed along to customers.
  • Neil44
    Truckers aren't just rolling around out there for their own enjoyment they're transporting the goods we all use every day, on pretty thin margins at that. I guess if you're trying to indirectly tax the users of trucking then OK.Roads are subsided by people - what else would they be subsidised by, aliens?
  • Cerium
    I felt this on my last truck shipment. My previous LTL provider suddenly closed and the next cheapest option is more than twice as expensive.
  • fn-mote
    Totally unsurprising.I expect these are small companies surviving month to month without the ability (or skill) to plan for catastrophic changes in the future (present).
  • ada1981
    MAGA!
  • _blk
    Mind you there's a hefty tax surcharge on Diesel that could easily be lowered if the trucking economy was that important to states like California. Two years ago Diesel was at 8$ when it was 4 everywhere else, last year 9$, 5-6 in most other states. Now 10$? Haven't been there lately but it's still at 6 in MO/AR. It's not the oil price that's the problem with the Diesel price.
  • syngrog66
    We've been the target of a stochastic economic sabotage campaign for years. I've been surprised the US economy has been in as good of shape as it is, considering all the obvious sabotaging events/trends.
  • genxy
    Good opportunity for oligarchs like Musk to move in.