COVID, oil glut behind many small trucking companies' bankruptcies in 2020
COVID, oil glut behind many small trucking companies’ bankruptcies in 2020 As the demand for essential goods soared amid the COVID-19 pandemic, larger trucking companies were able to pivot faster than smaller fleets that didn’t have the necessary equipment, finances or drivers. 3,485 10 minutes read The COVID-19 pandemic, an oil glut and legal issues forced small-business carriers to cease operations or file for bankruptcy protection in 2020. Photo: Jim Allen/FreightWaves In 2020, the U.S. trucking industry was turned on its head by a pandemic and an oil glut that forced many s...
Source: freightwaves.com