Major trucking company shuts down operations permanently

The Great Freight Recession has victimized many of of companies within the trucking industry throughout the important thing half of 2025.

Dry van truckload contract rates were unchanged year-over-year, and trucking space rates, which shippers pay carriers for a one-time cargo, completed the important thing half of 2025 under closing year's ranges, FreightWaves reported.

Long-haul truckload request reportedly sank by 25% within the important thing half of 2025, with trucking turning into extra of a temporary-haul supply procedure for the final leg of freight hauling.

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Overall freight request resulted in an unseasonal decline in April 2025, "likely presaging further deterioration within the upcoming months," in conserving with Ryder and FreightWaves' Suppose of the Industry Story released on April 23.

The decline is unseasonal, as the starting up of the 2nd quarter normally sees request slowly ramp up in anticipation of summer inventories and produce deliveries, in conserving with the file.

Financial complications, litigation led trucking companies to shut

Deteriorating economic conditions and other factors, this kind of litigation concerns, high debt duties, or good a must retire from the industry, luxuriate in pushed companies to shut their doors.

The latter used to be the case for Florida-based trucking company Davis Categorical Inc., with 160 vehicles and 140 drivers, which shut down its industry completely on April 23 after he proprietor of the company mentioned he would retire and did no longer desire to support to any extent further for the industry to flip spherical or to search out a buyer.

Davis Categorical Inc. needed statistics:

• 140 drivers.
• 160 vehicles

The founder's family also used to be no longer attracted to continuing the industry as a consequence of industry challenges, he mentioned.

Carroll Fulmer Logistics closes its industry

And, now, iconic trucking and logistics company Carroll Fulmer Logistics is shutting down its operations after 58 years, claiming that the company can no longer continue as a consequence of frivolous complaints and the bad economic system, Clermont Solar reported.

The Groveland, Fla., trucking company, which owns or rents over 400 vehicles and 1,700 trailers, has confronted several private damage complaints, every so often combating six to eight at a time with claims over $250,000.

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“There are many attorneys who create it appear easy to sue a trucking company,” company partner Philip Fulmer told the Clermont Solar.

“Many of these complaints are bogus, that manner that no damage in actuality happened, however we gathered must fight them and that takes reasonably deal of money," Fulmer mentioned.

Carroll Fulmer's 100 employees will receive 60 days of pay and help from the company, local agencies, and the Groveland city government to search out positions with other agencies.

Carroll Fulmer Logistics needed statistics:

• 100 employees.
• 400 vehicles.
• 1,700 trailers.

“I dislike that it’s reach to this, however we haven't any different. We desire to thank Groveland for years of abet of our family’s industry. I’m good sorry it must terminate,” Fulmer mentioned.

Extra closings:

• Most critical furniture manufacturer closes down, no financial disaster
• Iconic pizza chain’s franchisees shut multiple ingesting locations
• Iconic retail chain closing over 100 stores in financial disaster

The trucking company used to be founded by Carroll Fulmer and his distinguished other Barbara in August 1967 in Orlando, Fla., as Fulmer Brothers Switch and Present, before altering its title to Carroll Fulmer & Co. in 1983, in conserving with the company web residing.

Carroll Fulmer began his truck riding profession in 1954 in Aiken, S.C., and lastly moved his family to Pine Island, N.Y., in 1962, before relocating to Florida to starting up his first trucking company.

By 1991, Fulmer began winding down his involvement within the company, handing it over to his kids at age 56 and grew to turn into good a handbook to the company by age 60.