Bankruptcies across the freight transportation and logistics sector continued to mount in March, with trucking companies, logistics providers, last-mile delivery firms and marine operators filing for Chapter 11 protection, continuing a trend that began in January and February as financial pressure across the supply chain persists.
A wide range of companies filed for bankruptcy protection, from small trucking fleets with only a handful of drivers to larger marine transportation operators and last-mile delivery contractors employing over 100 workers. Many of the companies said they intend to continue operating while restructuring debt under court supervision.
Trucking carriers filing Chapter 11
Several trucking companies filed for bankruptcy in March, many operating small fleets:
- SP Trans Inc. (Illinois) — approximately 13 drivers.
- Harlow Enterprises LLC (West Virginia) — approximately 8 drivers.
- Dynamic Transport Service Inc. (Florida) — 1 driver.
- W. Jackson Trucking LLC (Arkansas) — approximately 12 drivers hauling agricultural commodities.
- SN Transport Inc. (Puerto Rico) — approximately 23 drivers, including U.S. mail hauling.
- G & R Systems LLC (New Jersey) — 1 driver and 1 truck.
Most of these carriers reported relatively small asset bases but significant liabilities, a pattern that has become increasingly common among small and midsize trucking companies during the freight downturn.
Logistics, last-mile and transportation services companies
Bankruptcy filings in March also included logistics and delivery providers:
- Cal Logistics Group LLC — freight brokerage firm (employee count not listed).
- Hyse Industries Inc. — third-party logistics and shipping brokerage (employee count not listed).
- Patriot DSP LLC — Amazon Delivery Service Partner with approximately 95–120 delivery associates and a fleet of 35–45 vans.
Marine and transportation support companies
Several larger transportation-related companies also filed for Chapter 11:
- Crosby Marine Transportation LLC — marine towing company operating approximately 45 vessels.
- Swiftships LLC — shipbuilding and repair company.
- Sparhawk Truck and Trailer Inc. — heavy-duty truck and trailer maintenance and repair company.
These filings show that financial distress is spreading beyond trucking into marine transportation, equipment services and last-mile delivery — all key parts of the freight ecosystem.
Chapter 11 filings – March 2026 (Freight-related)
| Company | Segment | Employees/Drivers | Assets | Liabilities |
| SP Trans Inc. | Trucking | 13 drivers | $0–$50K | $1M–$10M |
| Harlow Enterprises LLC | Trucking | 8 drivers | $50K–$100K | $0–$50K |
| Dynamic Transport Service Inc. | Trucking | 1 driver | $50K–$100K | $100K–$500K |
| W. Jackson Trucking LLC | Trucking | 12 drivers | $0–$50K | $1M–$10M |
| SN Transport Inc. | Trucking | 23 drivers | $100K–$500K | $1M–$10M |
| G & R Systems LLC | Trucking/Logistics | 1 driver | $0–$50K | $100K–$500K |
| Cal Logistics Group LLC | Freight Broker | Not listed | $100K–$500K | $100K–$500K |
| Hyse Industries Inc. | 3PL | Not listed | $50K–$100K | $0–$50K |
| Patriot DSP LLC | Last-mile delivery | 95–120 employees | $100K–$500K | $1M–$10M |
| Sparhawk Truck & Trailer Inc. | Truck repair | Not listed | $1M–$10M | $10M–$50M |
| Crosby Marine Transportation LLC | Marine transport | Fleet of 45 vessels | $100M–$500M | $100M–$500M |
| Swiftships LLC | Shipbuilding | Not listed | $10M–$50M | $10M–$50M |
The continued rise in bankruptcies across trucking, brokerage, last-mile delivery and marine transportation signals that the freight recession is still working its way through the supply chain. While bankruptcies and restructurings can remove excess capacity and help rebalance freight markets, they also create risks for shippers, brokers and carriers through unpaid invoices, service disruptions and tighter credit conditions.
If the pace of Chapter 11 filings continues through 2026, the industry could see increased consolidation across trucking, logistics and transportation services as financially weaker operators restructure or exit the market.
Freight Fraud Symposium
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Rock & Roll Hall of Fame • Cleveland, OH Register NowPast the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post Office • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now