Trucking, logistics, and other shipping companies have faced economic issues over the last year that have resulted in these firms restructuring their businesses out of court or in Chapter 11 bankruptcy, selling their assets, or sometimes permanently closing down operations.
Many shipping businesses have been dealing with the Great Freight Recession over the last two years that has been driven by a bad economy; decline in demand; low freight rates; rising costs of labor, fuel, and insurance; and fallout from the Covid-19 pandemic, which created a glut of trucks and drivers in the U.S.
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Several trucking companies shut down their operations, suffering severe financial issues and didn't file for bankruptcy.
Related: Popular furniture manufacturer closes down, liquidates assets
LTI Trucking, with about 250 drivers, shut down its operations on April 2. LTI's closing was followed by another trucking company, Davis Express Inc., which also didn't file for bankruptcy.
Florida-based Davis Express shut down its business permanently after making its final deliveries on April 23 and returning all trucks to its terminal by April 30.
Not every trucking company just shut their doors and walked away.
Trucking companies file for bankruptcy
Transportation and logistics company Balkan Express and its affiliate Balkan Logistics, which operate 159 power units and employ about 166 drivers, filed for Chapter 11 bankruptcy to restructure their debts on April 30. Balkan Express ships general freight, including beverages.
Major nationwide trucking and logistics company Dolche Truckload Corp., which operates 70 trucks for interstate shipping to 48 contiguous states, filed for Chapter 11 protection on June 15 to reorganize its business and restructure its debts.
Another major shipping company, UPS, revealed in April 2025 that it would reduce its workforce by about 20,000 employees by the end of 2025 and close 73 leased and owned buildings in the first half of the year, afer scaling back its business with Amazon.
Image source: Getty Images
Deliver It shipping company shuts down
And now, parcel delivery service Deliver It, which offered next-day service and business-to-business customer shipping to over 45 million consumers, abruptly shut down all operations on July 7, FreightWaves reported.
Related: Major furniture manufacturer closes down, no bankruptcy
The Anaheim, Calif.-based shipping company provided parcel delivery services in California, Arizona, and Nevada, according to its LinkedIn page, but its website also listed services provided to Oregon, Washington, and Texas.
More closings:
- Major furniture manufacturer closes down, no bankruptcy
- Iconic pizza chain’s franchisees close multiple restaurants
- Iconic retail chain closing over 100 stores in bankruptcy
Kendra Jackson, who was appointed chief commercail officer at Deliver It in May 2025, announced the company's closing on LinkedIn on July 8.
“As I received notice yesterday that Deliver It has unexpectedly closed its doors, I reflect on how thankful I am for the time spent with old coworkers and all the hardworking employees at Deliver It. The journey continues …,” Jackson wrote.
Deliver It's website does not reveal any information about the company's closing.
The company's closure follows several other parcel service closings over the last year, including Maergo, which closed in July 2024; Point Pickup Technologies, which ceased operations in March 2024; and Pitney Bowes' Global E-Commerce, which in August 2024 revealed that it would shut down its operations by October 2024.
Deliver It's closure follows intense competition in the domestic last-mile shipping industry over the last five years since the industry began expanding during the pandemic based on high demand, FreightWaves reported.
Shipping companies began competing on pricing, which cut into the the dominance of the leading parcel services of FedEx, UPS and the U.S. Postal Service.
Related: Bankrupt retail chain closer to shutting down permanently
