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Diesel at $6.31 Drives Trucking Bankruptcies Ahead Holidays

By Drooid · Oct 23, 2026, 12:09 AM UTC · How we work

Summary

Story summary

U.S. trucking firms face driver shortages and soaring diesel costs ahead of the holiday season.
Diesel prices hit $6.31 per gallon on October 22, up more than 70% from a year earlier.
At least 16 trucking companies filed for bankruptcy between late August and September 21 as diesel reached record highs.
Owner-Operator Independent Drivers Association executive Lewie Pugh says each $1 diesel rise adds $400 weekly cost for independents.

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Story summary

U.S. trucking firms face driver shortages and soaring diesel costs ahead of the holiday season.
Diesel prices hit $6.31 per gallon on October 22, up more than 70% from a year earlier.
At least 16 trucking companies filed for bankruptcy between late August and September 21 as diesel reached record highs.
Owner-Operator Independent Drivers Association executive Lewie Pugh says each $1 diesel rise adds $400 weekly cost for independents.