Trucking and logistics companies have faced severe economic distress over the last three years as they continue to navigate the Great Freight Recession.

Companies have identified several issues that have led to financial problems, including reduced shipping demand, lower freight rates, and rising costs of labor, fuel, and insurance, which have impacted revenues and profits.

Don't miss the move: Subscribe to TheStreet's free daily newsletter

Financial distress was too much for several trucking firms, which closed their businesses permanently in April without filing for bankruptcy.

Related: Major logistics and trucking company files Chapter 11 bankruptcy

Madison, Ill.-based LTI Trucking, with about 250 drivers, 300 tractors, and 575 trailers, shut down its operations on April 2 and did

See Full Page