Reported 2 days ago
In April 2025, several transportation firms across the U.S., including Truck & Trailer Leasing Avenue and LML Logistics, filed for Chapter 11 bankruptcy amid ongoing supply chain challenges and impending tariffs. The bankruptcies have led to significant layoffs, with companies like Accelerate360 announcing the closure of operations that will affect hundreds of workers. As financial struggles continue to mount, the sector is bracing for further turbulence.
Source: YAHOO