Via Gellia Transport, of Middleton, Derbyshire, has closed with the loss of 50 jobs at the depot.
The firm's training school is also closed, for the moment at least.
But its in-house workshop - well known in the area - has re-opened as a new commercial company, HGV Repairs. Former workshop manager David Nash is general manager.
Via Gellia was long-established and specialised in the distribution of bulk materials, recycled products and solid fuels, in the UK and also internationally.
Managing director John Fairey was unavailable for comment this week. But reports locally quoted a spokesman saying: "It's very disappointing and a sad time for us.
"It was an incredibly difficult decision. We've been enduring problems endemic to the whole of the UK road haulage industry - namely high fuel costs and overheads."