Another shuts down.

[markhamboy]

Texas Carrier With 260 Drivers and Owner Operators Shuts Down

Diboll, TX - A year defined by a devastating number of trucking company closures will end with Fleetwood Transportation Services shutting down on New Year's Eve afte

transportationnation.com

 

[Nawk]

Brace yourself... there will be more.

Smaller fleets, fleets with less than stellar loss records will struggle to secure an insurance carrier. Even those with good records will (and are) seeing increases of 20% or more and with only a handful of insurers left... there isn't a lot of places to go.

This is an unfortunate situation in our industry. A situation that will cause many to lose their livelihood.