16 trucking companies filed for bankruptcy amid high diesel prices
Surging diesel prices have forced at least 16 trucking companies to file for bankruptcy, with carriers in five states affected by the financial strain. The crisis stems from record-high fuel costs linked to global oil disruptions, prompting federal action including expanded use of tax-exempt red-dyed diesel and strategic oil releases by G7 nations to ease pressure on the industry.
Not a good year to be hauling freight. Or farming. Or heating your home.
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