A new wave of freight industry bankruptcies and layoffs is sweeping across the United States, affecting over 600 jobs in trucking, brokerage, warehousing, and logistics. Recent Chapter 11 and Chapter 7 filings include SP Trans Inc. (Illinois), SB Hauling & Crane Services (North Carolina), M&L Express (Maryland), and Saturn Trucking (Illinois). Major layoffs include HelloFresh/Factor closing a Burr Ridge, Illinois fulfillment center (254 jobs), Geodis Logistics shutting a Carlisle, Pennsylvania distribution center (185 jobs), FedEx closing a Phoenix facility (100 jobs), and Americold Logistics closing an Atlanta warehouse (69 jobs). The distress comes despite tender volumes being 43% higher year-over-year, highlighting that tight margins and higher operating costs continue to disproportionately affect small and medium-sized carriers.
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