Xoco Transport Files Chapter 11 as Diesel Hits $6.53: 16 Carriers Down in 30 Days

Xoco Transport filed for Chapter 11 protection on September 16, 2026, listing $2.2 million in assets against $3.3 million in liabilities, one of 16 trucking companies that entered bankruptcy court in a 30-day stretch as diesel prices climbed toward a record $6.53 a gallon.

Diesel climbed 70% in a year, and carriers couldn’t absorb it

The fuel line item broke containment before most of these smaller carriers could pass the increase through to shippers.

• The U.S. average diesel price hit $6.5276 a gallon on September 22, 2026, an all-time high, before easing to $6.3554 by October 3, according to AAA.
• That price sits more than 70% above the $3.7020 a gallon AAA recorded one year earlier.
• The American Transportation Research Institute put 2025’s average operating cost at $2.336 per mile, a 3.4% increase, with non-fuel costs up 4.2% and repair and maintenance costs up 8.6% industry-wide.

16 carriers filed in 30 days, from Amazon delivery partners to flatbed haulers

The filings span the full range of carrier sizes, from single-truck owner-operators to fleets running more than 50 power units, against a backdrop of U.S. corporate bankruptcies at a 16-year high.

• Xoco Transport, a Hidalgo, Texas produce hauler for Mirasoles Produce USA, saw annual revenue drop from $15.4 million in 2024 to $11.3 million in 2025 before its Chapter 11 filing.
• Globemaster Incorporated of Bolingbrook, Illinois filed Chapter 11 in the Northern District of Illinois on September 15, 2026, listing $1 million to $10 million in liabilities against a 51-power-unit fleet.
• CLJ Transporting, an Amazon Delivery Service Partner based in Auburndale, Florida, filed Chapter 11 in the Middle District of Florida with 18 trucks and 30 drivers still on payroll.
• Eight of the 16 filings were Chapter 7 liquidations, including C. Pride Transport in the Northern District of Illinois, meaning those carriers are winding down rather than reorganizing.

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