The Great Freight Recession continues as iconic trucking companies close down permanently, with about 21 firms declaring bankruptcy in the third quarter of 2025. J.B. Hunt Transport Inc. shut its Lithonia, Ga., facility, while 10 Roads Express plans to end mail hauling operations, affecting 2,000 workers without filing for bankruptcy.

Standard Forwarding Freight, operating in 16 states, unexpectedly closed on Dec. 29, leaving employees terminated. The company suspended day-to-day operations and plans to evaluate its next steps, without indicating potential bankruptcy filing or asset sales. The closure impacted many drivers and the trucking industry as a whole, causing concern.

Read more at Yahoo Finance.: 91-year-old trucking company shuts down operations, no bankruptcy