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US trucking industry
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The Trump administration is moving to lower federal fuel economy standards for cars and light trucks, rolling back efficiency requirements that had been set to tighten over the coming years. Automakers and environmental groups are expected to clash over the change: manufacturers may welcome reduced compliance costs, while critics warn it will raise gasoline consumption and emissions. The move marks a significant shift in US vehicle policy.
- 216 Trucking Companies File for Bankruptcy in 30 Days▼16 trucking companies filed for bankruptcy in 30 days
Sixteen trucking companies filed for bankruptcy within a single 30-day period, according to a report by TheStreet. The wave of failures highlights continued financial strain on freight carriers, amid weak freight demand, high operating costs, and excess capacity in the US trucking market. Industry watchers say the bankruptcies add to a string of carrier insolvencies that have squeezed shippers and raised questions about the sector's recovery.