Closures
Carrier shutdowns, bankruptcies, layoffs, acquisitions, and fraud cases affecting trucking companies.
7 stories, newest first
Wall Street backs the C.H. Robinson–RXO deal; S&P turns cautious on the debt
Analysts see a credible path to $300 million in synergies as the largest brokerage merger in history moves toward a first-half 2027 close — while S&P shifted C.H. Robinson's debt outlook to negative.
C.H. Robinson to acquire RXO in deal valuing each RXO share at $30.25
C.H. Robinson will pay $17.25 a share in cash plus 0.856 of its own shares for each RXO share — a $30.25-a-share valuation at Friday's close — in a deal announced Monday morning.
After nearly 80 years, an Indiana mail-hauling trucking company closes its doors
Creviston Trucking of Indiana started in 1948 hauling bulk mail from the Gary Post Office; owner Cindy Creviston is retiring, all drivers were hired on by the successor company, and more than 60 trucks and trailers go to online auction.
Trucking company owner indicted in alleged $105.9M lease Ponzi scheme
Prosecutors say Kristopher Lunsford sold investors semi-truck "leases" promising guaranteed weekly payouts — while spending more than $25M of their money on real estate, sports cars and casinos.
Six carriers file RICO suit against C.H. Robinson and TQL over chameleon carriers
A Sept. 23 Texas federal filing alleges the two mega-brokers funneled loads to illegal chameleon carriers at unprofitable rates; C.H. Robinson strongly rejects the claims.
Feds charge truck investment promoter in $105M fraud scheme
Kristopher Lunsford faces wire fraud and money laundering charges over a semi-truck investment operation prosecutors say ran as a Ponzi scheme.
16 trucking companies hit bankruptcy court in less than a month
Filings from Texas to Illinois pile up as diesel prices and operating costs squeeze carriers.