Financial distress continues to ripple through the U.S. transportation and logistics industry, with more than 1,000 announced job cuts and a new round of bankruptcy filings involving trucking companies, warehouse operators and freight-related businesses.
July 23, 2026 9:06 am, EDT Loading bay at the Kuehne + Nagel International Logistics Center in Hager, Germany. (Alex Cross/Bloomberg) key takeaways: Kuehne+Nagel is considering strategic options for Apex Logistics, including selling a stake of about 20% or a Hong Kong listing, the people said. The review matters because Kuehne+Nagel took full ownership of
July 15, 2026 4:06 pm, EDT During this process STG reduced its funded debt obligations by more than $1 billion. (STG Logistics) key takeaways: STG Logistics emerged from Chapter 11 bankruptcy on July 9 after filing on January 12 in New Jersey, and continued operations during the reorganization process. The company reduced funded debt by
Palmer, founded in 1965, operates 14 facilities and approximately 3.8 million square feet of storage capacity, primarily on the Gulf Coast. July 7, 2026 12:00 PM, EDT key takeaways: H.Essers entered the US market by acquiring Houston-based chemical warehousing firm Palmer Logistics into its operations, financial terms were not disclosed. Palmer operates 14 Gulf Coast-focused
Packages are sorted at a regional processing and distribution center in Phoenix. USPS aims to establish 60 RPDCs. (US Postal Service) July 6, 2026 3:41 pm, EDT key takeaways: USPS is restructuring its logistics network with regional hubs and optimized transportation to improve efficiency and reduce costs. Postmaster General David Steiner warned that without structural