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About 4,000 US truck drivers notified on Monday Celadon was ceasing operations, leaving them jobless and without benefits
by applewood

    But Celadon’s collapse also comes at a difficult moment for the industry. Thousands of truckers have lost their job in 2019 as the freight market stalled and “spot” prices for shipping – those bought on the open market rather than as part of a contract – fell.

    A slowdown in a variety of markets, including housing and autos, and the impact of the US’s ongoing trade wars have also contributed to the drop.

    About 795 companies shutdown in the first three quarters of 2019, according to transportation industry data firm Broughton Capital, three times the total number of trucker failures for the same period in 2018.