The freight and logistics industry is experiencing widespread financial distress. Numerous transportation and logistics firms sought bankruptcy protection. Sparhawk Trucking, SP Trans, and M&L Express are among those seeking Chapter 11 or Chapter 7. Facility closures and employee layoffs also impacted the sector. HelloFresh, GEODIS Logistics, FedEx, and Americold Logistics are closing sites.
https://finance.yahoo.com/economy/policy/articles/freight-distress-spreads-bankruptcies-layoffs-120000808.html