{"id":4446,"date":"2020-01-20T13:57:27","date_gmt":"2020-01-20T18:57:27","guid":{"rendered":"https:\/\/www.alltruckjobs.com\/blog\/?p=4446"},"modified":"2020-07-15T10:45:42","modified_gmt":"2020-07-15T14:45:42","slug":"trucking-company-closes-now-what","status":"publish","type":"post","link":"https:\/\/www.alltruckjobs.com\/blog\/trucking-company-closes-now-what\/","title":{"rendered":"Trucking Company Closes | Now What?!"},"content":{"rendered":"\n\n
\n \n
\n \n
\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n <\/div>\n \n
\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n <\/div>\n<\/div>\n \n\n
\n 5\/5 - (1 vote) <\/div>\n <\/div>\n

It can be a trucker\u2019s worst nightmare. You\u2019re traveling down the road, with your next load in tow. As you\u2019re approaching your loading dock you get a text, email, or notification on your ELD. It\u2019s your boss letting you know that the trucking company you work for is shutting their doors. In a few short sentences, you\u2019ve just been told to abandon your rig at the nearest company location and that your last check will be in the mail within the next few weeks. You\u2019ve been left stranded without a rig, and more importantly, without a job. I know it sounds scary, and it is. Unfortunately, this has become the reality for many unlucky truckers. Below we\u2019re going to go over what to do if your trucking company closes. We\u2019ve even got a video highlighting some of these tips as well!<\/p>\n

What to Do if Your Trucking Company Closes<\/h2>\n

A Growing Trend<\/h3>\n

The holidays are supposed to be a time of joy and optimism. Many truckers get to spend a few precious days celebrating Christmas with his or her family while looking ahead to all the exciting things the New Year will hold. Sadly, for hundreds of truckers, they were left with a big lump of coal. Celadon Trucking and C.D.S. Express both closed their doors in December 2019, leaving drivers stranded and many scrambling just to make it home to their families. This has become too normal for many truckers. In fact, in 2019 we\u2019ve seen over 640 companies close<\/a>, more than triple than the previous year. Experts estimate that this has pulled over 20,000 rigs off the road in the last year.<\/p>\n

There\u2019s no one underlying reason why we\u2019re seeing this amount of closures, but there are a handful of factors. Overregulation is one factor that many experts are suggesting, specifically the required implementation of ELDs. We\u2019re seeing this mostly impacting the smaller trucking companies. ELDs aren\u2019t cheap, and if you\u2019re outfitting an entire rig with them, you can expect to have a hefty bill to pay. Many companies simply couldn\u2019t afford to comply with the regulations. Combine this with an increase in trucking insurance premiums, and you\u2019ve got a recipe for closures.<\/p>\n

The success of 2018 also could have played a role in this as well. The trucking industry was booming, which led to rapid expansion for many companies, which in turn led to a higher cost of production. The industry couldn\u2019t sustain that growth in 2019, so we\u2019ve seen companies taking huge hits.<\/p>\n