Layoffs and Bankruptcies

FreightWaves Staff Saturday, January 10, 2026

Last mile provider FAST Group’s post-merger meltdown: PE-backer freezes fund amid financial red flags

In the fast-paced world of e-commerce logistics, mergers are often hailed as game-changers, promising synergies, expanded networks, and economies of scale. But for FAST Group—the entity born from the August 2025 merger of Australian parcel delivery firm Sendle, U.S.-based FirstMile, and ACI Logistix—the honeymoon was short-lived. Just months after the deal closed, Sydney-based Federation Asset […]

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John Kingston Monday, November 10, 2025

Freight tech VC-backed Zuum files for chapter 11 protection

The growing list of bankruptcies in trucking has caught up a significant new participant from the freight tech part of the business: Zuum . The startup that has been operating since 2021 filed for chapter 11 bankruptcy protection in Federal Bankruptcy Court for the Central District of California Thursday. Zuum is based in Irvine, California.  […]

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Eric Kulisch Thursday, October 30, 2025

2,000 drivers left UPS after taking buyouts, analyst says

About 2,000 unionized delivery drivers accepted a buyout offer from UPS in the third quarter, according to an estimate by Satish Jindel, a long-time parcel shipping consultant and president of ShipMatrix.  UPS CEO Carol Tomé said during Tuesday’s earnings briefing that the buyouts will cost the company $175 million. The Atlanta-based parcel logistics giant has […]

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Craig Fuller, CEO at FreightWaves Wednesday, October 29, 2025

29 truck carrier files Chapter 11

VIB Trans, Inc., an Illinois-based trucking carrier operating a fleet of 29 trucks, has filed for Chapter 11 bankruptcy protection amid the Great Freight Recession, the longest downturn in trucking history. Headquartered in Wood Dale, a suburb of Chicago, VIB Trans employed 34 drivers to support its operations. According to federal safety records, the company […]

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Craig Fuller, CEO at FreightWaves Thursday, October 9, 2025

1000 employees out of work as flatbed operator files for bankruptcy

Mutha Trucker, a YouTube news source covering the trucking industry has reported that Montgomery Transport LLC, a Birmingham, Alabama-based trucking company, filed for Chapter 7 bankruptcy and ceased operations effective immediately. 1000 employees out of work as trucker files for bankruptcy The sudden shutdown has left hundreds of drivers stranded across America as the company’s […]

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