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. By comparison, annual bankruptcies were below 100 in both 2021 and 2022. Furthermore, ~66% of small US trucking firms, typically operating 20 or fewer trucks, reported flat or declining revenue YoY, according to a Truckstop and Bloomberg survey of hundreds of carriers. At the same time, ~40% expect to leave the industry or are unsure of their future over the next 6 months. This comes as surging diesel prices, rising insurance premiums, and higher interest rates are increasingly squeezing smaller trucking companies. The US trucking industry needs help.