2025 proved to be a rough year for the trucking industry. From interstate freight carriers to longtime national trucking chains, around eight well-known companies filed for bankruptcy. Rate compression, mounting debts, and unorganized finances were among the different reasons that contributed to the bankruptcies.
8 Trucking Companies That Filed for Bankruptcy in 2025
As the year moves closer to its end, below are bankruptcy filings by eight popular trucking service providers. Each section explains when the bankruptcy occurred, what type it was, why it happened, and what the trucking company’s future may look like.
1. Elite Carriers
- When: May 21, 2025
- Filing Type: Chapter 11
- Bankruptcy Court: U.S. Bankruptcy Court for the Eastern District of Wisconsin
The long-haul trucking company, along with its four affiliates, applied for a Chapter 11 process this May, PacerMonitor records show. Elite Carriers opted for this filing so as to restructure its surging debts. Among its four creditors who also applied for bankruptcy were ECI Inc., KLE Equipment Leasing LLC, Olson Equipment Leasing LLC, and Wausau Office Space LLC.
Media reports suggest that the assets and liabilities of Elite Carriers were between $1 million and $10 million each during the filing in May. Additionally, the filing indicated that the trucking service provider from Merrill, Wisconsin, could repay creditors after restructuring.
Founded in 1999, Elite Carriers has been operating 70 trucks and managing 70 drivers in total. Its goods are transported from the Midwest to the East Coast and Canada.
The latest Chapter 11 reorganization case filed by Elite Carriers is still active in the court.
2. Dolche Truckload Corp.
- When: June 15, 2025
- Filing Type: Chapter 11
- Bankruptcy Court: U.S. Bankruptcy Court for the Northern District of Illinois
This trucking company from Palatine, Illinois, submitted its bankruptcy petition back in August, PacerMonitor says. The decision stemmed from its hopes to reorganize the business while continuing to offer normal trucking services.
Dolce Truckload Corp. stated in its Chapter 11 petition that it had around $1,000,001 to $10 million in both assets and liabilities. Roughly, around 49 creditors made unsecured claims during the bankruptcy filing by the trucking company.
The company from Illinois transports a range of items, including hazardous materials, dry and refrigerated freight, cargo, and high-value goods. Dolce Truckload Corp. currently has a fleet of 70 trucks in total.
The Chapter 11 continues for the Illinois trucking company with attorney David Freydin representing it in the court.
3. Xtreme Quality Logistic, LLC
- When: August 15, 2025
- Filing Type: Chapter 11
- Bankruptcy Court: U.S. Bankruptcy Court for the Middle District of Florida
The Florida-based trucking service provider applied for a Chapter 11 bankruptcy process this August. Xtreme Quality Logistic, LLC made a joint filing along with another logistics company called Lumo Logistics, Inc., PacerMonitor data suggests.
Both assets and liabilities of the trucking company are in the range of $100,001 to $500,000 each. PacerMonitor added that Xtreme Quality Logistic, LLC owed around 49 creditors in total during the time of filing.
Attorney Daniel A Velasquez of Latham, Luna, Eden & Beaudine, LLP is still representing Xtreme Quality Logistic, LLC in the court.
4. L.S. Trucking, Inc.
- When: September 23, 2025
- Filing Type: Chapter 11
- Bankruptcy Court: U.S. Bankruptcy Court for the Northern District of California
L.S. Trucking, Inc. made a Chapter 11 filing to proceed under the guidance of the court for a reorganization plan that obliged creditor obligations, latest PacerMonitor records suggest. This type of filing allowed the trucking company from Hayward, California, to keep operating even during the proceedings.
Attorney Lars T. Fuller of The Fuller Law Firm is legally representing L.S. Trucking, Inc. in the court. Court proceedings, as shown on PacerMonitor, state that the company faced eviction issues as landlord Redwood Properties III, LLC had filed a Motion for Relief from Stay during the proceedings. The eviction was withheld after L.S. Trucking, Inc. and the landlord reached an agreement.
The trucking company from California mainly offers its services in the construction industry. From quarry to landscaping materials like hot asphalt and dirt, LS Trucking, Inc. delivers different types of goods.
The latest update on the ongoing bankruptcy is that the claims deadline for creditors in this case is due by January 26, 2026.
5. GEC Transport Solutions LLC
- When: October 6, 2025
- Filing Type: Chapter 11
- Bankruptcy Court: U.S. Bankruptcy Court for the Northern District of Texas
According to PacerMonitor, GEC Transport Solutions LLC filed its bankruptcy petition to reorganize its business amid issues related to rate compression. Rising insurance charges also led to the decision in October this year.
The trucking company from Pharr, Texas, stated in the bankruptcy court that both its assets and liabilities were in the range of $1 million to $10 million. As per the media reports, GEC Transport Solutions LLC then owed around 50 to 99 unsecured creditors in total.
The Texas-based trucking company has been offering a variety of freight-carrying services since its inception in 2015. GEC Transport Solutions LLC covers international, door-to-door, and border crossing services across North America. It operates its regional freight carrying solutions through a fleet of dry vans and flatbeds.
The latest media records show that the bankruptcy case of GEC Transport Solutions LLC has most recently been transferred to the McAllen Division of the bankruptcy court.
6. Montgomery Transport, LLC
- When: October 9, 2025
- Filing Type: Chapter 7
- Bankruptcy Court: U.S. Bankruptcy Court for the Northern District of Alabama
Latest media reports suggest that the well-known trucking company from Birmingham, Alabama, made a Chapter 7 filing this October. Montgomery Transport, LLC took the step following a failed sale to P & S Transportation, a 2004-launched trucking company.
While not many details are available regarding the total number of assets, liabilities, and creditors, the bankruptcy of Montgomery Transport, LLC made quite the headlines this year. A primary reason for the same is that the Alabama-based company shut down following the proceedings.
Based on the complete closure, nearly 1,000 employees at Montgomery Transport, LLC were suddenly jobless. The future state of the trucking company also seems to be uncertain as of now.
7. Ricky Sellers Trucking, LLC
- When: October 22, 2025
- Filing Type: Chapter 11
- Bankruptcy Court: U.S. Bankruptcy Court for the Southern District of Alabama
The interstate freight carrier from Linden, Alabama, voluntarily filed for Chapter 11 in October to reorganize its business and operational framework. Ricky Sellers Trucking, LLC opted for this type of filing to continue regular operations during the process as well.
Represented by attorney Barry A. Friedman, the trucking-based company listed assets between $500,001 and $1 million. The liabilities of the Alabama company were in the range of $1 million to $10 million, with nearly 1 to 49 creditors making unsecured claims.
Established in 2010, the trucking company operates roughly two dozen trucks and trailers (including Peterbilt and Volvo trucks, along with Utility and CIMC trailers). The operations involve moving lumber, construction materials, fresh and refrigerated produce, and more items across state lines.
Ricky Sellers Trucking, LLC still appears in the bankruptcy proceedings, which continues to date.
8. VP Direct, Inc.
- When: November 6, 2025
- Filing Type: Chapter 11
- Bankruptcy Court: U.S. Bankruptcy Court for the Northern District of Illinois
VP Direct, Inc. submitted a Subchapter V Chapter 11 bankruptcy petition in November to restructure its operations under the guidance of the court. The decision followed the trucking company’s challenges due to surging debts, worsened by an imbalance between assets and liabilities.
Attorney David Freydin made the filing on behalf of the trucking firm from Schaumburg, Illinois. The assets of VP Direct, Inc. were in the range of $100,001 and $500,000 in the case. In comparison, the liabilities were between $1,000,001 and $10 million. The trucking service provider added that it owed 49 unsecured creditors during the filing.
VP Direct, Inc. delivers freight services for both truckload and long-distance transportation. As a registered active carrier, its operations include nearly 10 power units that are supported by 10 drivers.
VP Direct, Inc. must submit a Chapter 11 Subchapter V Plan by February 4, 2026, the official filing says.
The eight bankruptcy filings discussed above highlight the continued financial strain in the trucking industry for the whole year. While most trucking service providers are using a Chapter 7 or Chapter 11 filing system to liquidate assets or restructure operations, others, like Montgomery Transport, LLC, have even shut operations.
As the ongoing cases progress through the courts, their outcomes may influence the trucking industry in the coming year.
