Expensive diesel fuel isn't just driving up costs—it's driving trucking companies out of business.

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[–] 2 points 1 month ago

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.

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