Well according to the DOT, there are just north of 2.1 Million registered motor carriers. Of those. 1,083,501 are for hire.
A couple of these were Amazon contractors, 7 were 6 or fewer trucks and drivers. Pretty much all of the midsize or larger companies went into chapter 11, so they’ll continue operating just with a restructured debt plan.
It was the 8 small companies with 6 or fewer trucks and drivers that entered chapter 7 liquidation. And I imagine that’s pretty typical for those tiny companies any time diesel spikes.
Well according to the DOT, there are just north of 2.1 Million registered motor carriers. Of those. 1,083,501 are for hire.
A couple of these were Amazon contractors, 7 were 6 or fewer trucks and drivers. Pretty much all of the midsize or larger companies went into chapter 11, so they’ll continue operating just with a restructured debt plan.
It was the 8 small companies with 6 or fewer trucks and drivers that entered chapter 7 liquidation. And I imagine that’s pretty typical for those tiny companies any time diesel spikes.