The trucking industry’s Great Freight recession has led to dozens of trucking company bankruptcies over the last three years.
The second quarter of 2025 had at least 17 bankruptcy filings alone, Equipment Finance News reported.
But not all distressed trucking companies that closed down also filed for bankruptcy. There are plenty of examples of companies that shut down without filing a bankruptcy petition.
Related: Iconic trucking company closes down business permanently
Regional trucking company Davis Express Inc., which had 160 trucks and 140 drivers, closed its business permanently in April 2025 after making its final deliveries on April 23 and returning all trucks to its terminal by April 30.
The Florida-based company, which operated in Florida, Alabama, Georgia, and South Carolina, had been unprofitable since 2023, and the owner did not expect to see improvement in 2025.
LTI Trucking closes down with 250 drivers employed
Madison, Ill.-based LTI Trucking, with about 250 drivers, 300 tractors, and 575 trailers, ceased operations on April 2, 2025, and did not file for bankruptcy protection.
LTI, which was a major shipper of products for AB InBev, KraftHeinz, Vlasic, Hershey’s, Nestle, Tyson, Hillshire Farm, Kroger, Hostess, and Sara Lee, did not state a reason for closing down.
And now, long-established drayage and logistics provider TGS Transportation Inc. has shut down all operations after 40 years in the business.
Trucking companies shut down in 2025:
- LTI Trucking, closed April 2, 2025.
- Davis Express Inc. closed April 30, 2025.
- TGS Transportation Inc., July 31, 2025.
Image source: Shutterstock
TGS Transportation closes after 40 years in business
And now, drayage and logistics company TGS Transportation Inc. has shut down its facilities after 40 years in business.
The Fresno, Calif.-based trucking company revealed in a July 31 LinkedIn message that it was closing down operations immediately because of challenging market conditions.
It did not file for bankruptcy.
“It is with profound sadness and a heavy heart that TGS announces the official closure of its operations, effective July 31, 2025,” the message said.
Related: Major parcel shipping company closes down, no bankruptcy
“After four decades of dedicated service to the transportation industry, we will be parking our trucks for good,” the message continued.
More closings:
- Major furniture manufacturer closes down, no bankruptcy
- Iconic pizza chain’s franchisees close multiple restaurants
- Iconic retail chain closing over 100 stores in bankruptcy
TGS Transportation added that some former employees of the company will continue operating with a new company.
Former employees plan to continue with a new company
“While TGS is closing, we are pleased to inform you that some members of our dedicated team will continue to serve the industry under a new flag,” the message said.
“We will be sharing more detailed information about
Founder Timothy G. Schneider launched TGS in Fresno in 1985, and his son Peter joined the operations in 1993.
TGS Transportation expanded over the years
In addition to the Fresno headquarters, TGS expanded over the years to facilities in Carson, Calif., and Reno, Nev.
TGS operated 20 trucks with 20 drivers, according to the Federal Motor Carrier Safety Administration’s SAFER website.
The company shipped general freight, metal products, building materials, machinery, fresh produce, meat, refrigerated food, beverages, grain, feed, hay, agricultural and farm supplies, paper products, dry bulk commodities, chemicals, liquids, and gases.
Trucking company bankrupcies in June and July
- Integral Express, Chapter 11, June 15, 2025.
- JJJ Convoy, Chapter 11, June 20, 2025.
- GD Transport LLC, Chapter 11, June 16, 2025.
- Lynda Transportation Inc., Chapter 11, July 9, 2025.
- TJ Trucking, Chapter 11, July 11, 2025.
- Double H Services LLC, Chapter 11, July 14.
Over the last two months, several smaller trucking companies, which have struggled in the Great Freight Recession, were forced to file for Chapter 11 bankruptcy, including Hoffman Estates, Ill.-based Lynda Transportation Inc. on July 9; Toledo, Ohio-based TJ Trucking on July 11; and Enid, Okla.-based Double H Services LLC on July 14.
In June, Bloomingdale, Ill.-based trucking company Integral Express filed for Chapter 11 bankruptcy protection on June 15, Orlando, Fla.-based GD Transport LLC filed for bankruptcy on June 16, and Corpus Christi, Texas-based JJJ Convoy filed for Chapter 11 protection on June 20.
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