The Kobeissi Letter reported on Monday, November 9, 2026, that the U.S. trucking industry is experiencing a severe downturn, with bankruptcies reaching levels not seen in over two decades. The publication stated, "BREAKING: 221 US trucking companies have filed for bankruptcy so far in 2026, on track for the highest annual total in 23 years. This marks the 3rd consecutive year with at least 220 bankruptcies." The post further detailed that approximately 66% of small U.S. trucking firms, those operating 20 or fewer trucks, reported flat or declining year-over-year revenue, according to a survey by Truckstop and Bloomberg.
This trend represents a stark contrast to 2021 and 2022, when annual bankruptcies were below 100. The current struggles are attributed to several factors, including surging diesel prices, rising insurance premiums, and higher interest rates, which are collectively squeezing smaller trucking companies. The broader economic context shows some market segments experiencing stability, with the S&P 500 up 0.3% today and Nasdaq up 1.1% today, but the trucking sector faces distinct headwinds.
The Kobeissi Letter's report suggests a significant portion of the industry is in distress, with about 40% of small firms expecting to exit or being uncertain about their future within the next six months. This outlook implies continued pressure on supply chains and potentially higher costs for goods if transportation capacity diminishes. The publication concluded that "The US trucking industry needs help," indicating a call for attention to the sector's challenges.
