High Diesel Prices Bankrupted 16 Trucking Companies in Just 30 Days

What happened: Rising diesel costs contributed to 16 freight operators filing for Chapter 7 or Chapter 11 bankruptcy protection in late August and early September, per multiple sources. Four were based in Texas. Key numbers: 16 trucking companies filed; four based in Texas; filings came in late August and early September. Why it matters: TheStreet's Daniel Kline said diesel is the latest pressure on carriers already weakened by poor freight economics and rising operating costs, and small players struggle to pass costs to customers.

Rising diesel costs contributed to 16 freight operators filing for Chapter 7 or Chapter 11 bankruptcy protection in late August and early September, per multiple sources. Four were based in Texas.

TheStreet's Daniel Kline said diesel is the latest pressure on carriers already weakened by poor freight economics and rising operating costs, and small players struggle to pass costs to customers.