Consolidated Freightways.
- The year 2019 was rocked with a trucking "bloodbath" after two major trucking companies filed for bankruptcy and let go of at least 1,000 truck drivers.
- But 2019 isn't' unique: several trucking bankruptcies throughout the past few decades have left thousands of truck drivers jobless.
- Some have left drivers jobless before the holidays, while others have caused federal-level controversies, resulting in SEC charges and lawsuits.
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The year 2019 was a time of trucking "bloodbath": about 640 trucking companies filed for bankruptcy during the first half of this year alone, according to data from Broughton Capital LLC.
But this hasn't been the only year that has seen major trucking services fold. Several trucking bankruptcies throughout the past few decades have left thousands of truck drivers jobless, some right before the holiday season.
Other bankruptcies resulted in federal-level controversies. When NationsWays Transport Services went under, former employees sued over unpaid wages. The SEC charged two former executives of Celadon Group - which folded in 2019 - for repeated fraud.
Keep scrolling to see the list of the 10 largest trucking company collapses with help from VP of FTR Transportation Intelligence Avery Vise and founder of SJ Consulting Group Satish Jindel.