16 U.S. Trucking Firms File for Bankruptcy as Diesel Prices Surge

16 American trucking companies file for bankruptcy as diesel costs rise sharply, pushing industry to breaking point.

September 30, 2026 One Min Read

POLICY WIRE — Washington, D.C. — More than a dozen U.S. trucking firms have filed for bankruptcy in the past month, driven by soaring fuel and operational costs, according to an industry report.

The report from FreightWaves identified 16 companies, including major players Xoco Transport and Globemaster, that have entered either Chapter 7 or Chapter 11 bankruptcy proceedings. These filings affect over 250 jobs and signal growing financial strain on the sector.

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Diesel prices reached a record $6.53 per gallon on September 22, up $2.76 over the past year, according to AAA. This surge has forced many companies to raise freight rates, but it has not been enough to offset rising labor, insurance, and maintenance expenses, as highlighted in reports from Deloitte and the ASM Group.

Reporting by Policy-Wire (PW)

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