Layoff wave hits freight sector as nearly 9,000 jobs slashed
Companies across the U.S. and Mexico announced more than 8,790 freight-related job cuts in recent weeks.
Companies across the U.S. and Mexico announced more than 8,790 freight-related job cuts in recent weeks.
Creditors are claiming millions of dollars from two trucking companies and a distribution service provider after all three companies filed for bankruptcy at the start of this week.
Nortia Logistics filed for bankruptcy in the U.S. Bankruptcy Court for the Northern District of Illinois on Monday, listing both liabilities and assets of $1 million-$10 million.
TransAxle LLC plans to shut down all its facilities across the U.S. and lay off 209 workers.
Volvo Cars has announced layoffs at facilities in Sweden and the U.S. amid a “challenging period,” officials said.
A Chicago-area carrier has filed for bankruptcy protection.
Freight-related layoffs hit Amazon, FedEx, UPS and F&S Produce West over the past week.
A Merrill, Wisconsin trucking company and its affiliate brokerage business have filed for Chapter 11 bankruptcy.
BMX Transport filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Georgia on Tuesday.
International Paper Co. is closing two plants in Texas, resulting in 117 layoffs, officials said.
Another round of layoffs, closures and furloughs has hit workers and companies tied to the freight industry in the U.S. and Germany.
BNSF has laid off a number of workers as it restructures its technology operations.
DHL’s supply chain unit says it plans to close a distribution center in Ontario, California.
A Detroit-based grocery-hauling company with over 300 trucks has filed for bankruptcy alongside several partner companies.
More than 1,800 layoffs since the beginning of April are tied to the manufacturing, distribution and freight sectors.
Penske, US Xpress, UPS, and more are in already planning workforce reductions.
Balkan Express and its affiliate brokerage filed for Chapter 11 protection citing debts of $25 million.
Penske Logistics plans to lay off 337 warehouse and other workers in Missouri due to the loss of a contract.
Supply chain businesses ranging from rail to trucking to warehousing saw layoffs and bankruptcies throughout April, as tariffs and other economic factors slam freight markets.
Kingsley Trucking ceased operations on Thursday after a Canadian court placed the 46-year-old carrier into receivership.
Apollo Global Management has a grim warning for the trucking industry: a recession is coming and mass layoffs will come with it.
Citing tariffs and other factors, Volvo Trucks layoffs could total 1,000 manufacturing jobs across US
Mack Trucks will eliminate up to 450 jobs at facilities in Pennsylvania and Maryland due to tariffs and economic uncertainty.
A family-owned and -operated Florida trucking company has announced it will close after 44 years in business.
General Motors is temporarily laying off hundreds of workers at plants in Detroit and Ingersoll, Ontario.
C & C Freight Network, Best Choice Trucking and Best Logistics Inc. each filed for Chapter 11 bankruptcy protection Monday.
Illinois-based LTI Trucking Services notified its 250 drivers Wednesday that the company was closing immediately.
Stellantis said on Thursday it paused production at assembly plants in Canada and Mexico and temporarily laid off 900 U.S. employees.
The freight and transportation industry saw another big round of layoffs at the end of the first-quarter.
A UPS modernization project will require its Portland, Oregon, package hub to temporarily close for more than a year, putting some jobs at risk.
Details around final distributions to Yellow Corp.’s creditors are out, but the company’s largest shareholder may not be on board.
A Henderson, Texas, business owner has filed bankruptcy for three businesses, including a trucking company.
Roughly 1,400 U.S. and Canadian steelworkers have been laid off due to tariffs, company officials said.
Defunct Yellow Corp. liquidates another property as creditors await a final bankruptcy plan.
Yellow’s final bankruptcy plan didn’t garner the needed support and will now be countered by a competing plan from the estate’s unsecured creditors.
Postmaster General Louis DeJoy is welcoming assistance from Elon Musk’s DOGE team to help address perceived mismanagement by partner agencies and the Postal Service Commission.
Equity Transportation’s reported closure underscores the reality that in today’s freight market, even long-established carriers are not immune to the economic downturn.
Geodis Logistics is closing a distribution center in New Jersey and DHL is eliminating 8,000 jobs in Germany.
Franco Hauling LLC, a service-disabled veteran-owned construction hauling company based in Bensenville, Illinois, has filed for Chapter 11 bankruptcy protection in the Northern District of Illinois.
A wave of layoffs and furloughs has hit jobs tied to the manufacturing and freight sectors in the U.S., Canada and Mexico.
A federal bankruptcy court has been asked to approve settlement agreements between Yellow Corp. and two groups of former employees who were given shortened layoff notifications.
A federal bankruptcy court in Delaware sided with Yellow’s rationale for shortening the layoff notification period to union employees.
Recent filings paint a stark picture of Nikola’s financial woes, with assets estimated between $500 million and $1 billion against liabilities ranging from $1 billion to $10 billion.
Nikola, a Phoenix-based manufacturer of zero-emissions trucks, announced it will pursue an auction and sale process for its assets as it grapples with ongoing financial difficulties.
American Freight said it will lay off 19 executives after its parent company filed for Chapter 11 bankruptcy in November.
Turk Transportation filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Western District of Pennsylvania.
Jack Cooper’s end came just a few months after it was reportedly talking about some form of financial support from GM.
Auto hauler Jack Cooper is closing after recent contract difficulties with Ford and GM.
Supply chain-related firms in the U.S. have laid off 16,919 workers since the beginning of October.
A recent Bloomberg report said Nikola is considering a possible sale or partnership as it attempts to raise capital to stay afloat.
Airbus is terminating its charter cargo business, which used funky freighter aircraft to transport oversize loads, after less than a year.
A California trucking company, which provided earthwork, excavation, and demolition services, along with its affiliated company, recently filed for bankruptcy protection, citing cashflow issues after defaulting on its factoring agreement.
Decker Truck Line Inc. of Fort Dodge, Iowa, has permanently closed its terminal in Missoula, Montana, citing findings from a review of its operations and freight network as the main reason for the closure.
A St. Louis trucking company and its equipment leasing affiliate recently filed for Chapter 11 bankruptcy, citing the “challenges of the freight market” as one of the main reasons they are seeking to reorganize.
2024 was another brutal year for trucking companies and freight brokerages. Thousands of firms called it quits, sought bankruptcy protection or both. Fraud-related stories also dominated the headlines. FreightWaves looks back at some of the year’s key stories.
Firms in the U.S. have announced supply chain-related layoffs totaling 9,746 workers since the beginning of September.
RBX Inc. and its affiliate, Humper Equipment, of Strafford, Missouri, filed suit against Paccar Financial Inc. of Bellevue, Washington. They are asking a Missouri bankruptcy judge to force Paccar to turn over 28 Kenworth and Peterbilt tractors it repossessed in late November amid an ongoing engine performance dispute with the global commercial truck financing company and its subsidiary, Paccar Engine Co.
Supply chain firms in the U.S. have laid off more than 5,235 workers since the beginning of October.
A family-owned Missouri trucking company with 265 trucks and 255 drivers recently filed for Chapter 11 bankruptcy protection.
A West Virginia-based trucking company, which hauls coal, logs and wood chips, recently filed for bankruptcy.
Bankruptcy filings carry a stigma but sometimes the outcomes promise new life. Proterra might be one such story.
Kal Freight, a Texas-based trucking company that filed for Chapter 11 bankruptcy last week, does not plan to lay off any drivers.
UPS, Advance Auto Parts, Great Dane LLC and Ryder Transportation Solutions recently announced a total of 1,277 freight-related job cuts.
Amazon, DHL, GXO, Kuehne+Nagel, Pepsico and True Value Co. are among firms announcing job cuts, according to a new round of worker reduction notices.
A California logistics company has filed for bankruptcy protection, citing the loss of its largest “anchor” customers as one of the main reasons it is seeking to reorganize.
A family-owned cross-border trucking company — McKevitt Trucking, headquartered in Thunder Bay, Ontario – has ceased operations after more than three-quarters of a century.
A Miami trucking company and its five affiliates with more than 400 drivers recently filed for Chapter 11 bankruptcy protection.
A shuttered Illinois-based trucking company that once hauled general freight, liquids and gases, beverages and paper products recently filed for Chapter 7.
An Illinois trucking company recently notified most of its company drivers that it could “no longer support part of its fleet operations” and terminated their positions “due to current market conditions.”
A Texas trucking company and its affiliated companies have shuttered operations and recently filed for bankruptcy liquidation, citing serious financial conditions as the main reason.
Boeing’s striking machinists are not currently expected to be the target of job cuts by the company, according to an internal presentation obtained by The Seattle Times.
Over 600 layoffs hit freight-related companies in California, Illinois and New York, with the businesses citing loss of customers and an acquisition as reasons for the cuts.
Flexport, a global supply chain solutions provider, is reducing its headcount by 2% as part of a reorganization aimed at helping the company drive profitability.
Digital freight broker Next Trucking and sister trucking company Next Freight Solutions may close after furloughing most of their remaining employees and drivers, according to sources familiar with the situation.
A shuttered California-based trucking company that once pulled intermodal containers out of the Port of Oakland has filed for Chapter 7 bankruptcy liquidation.
A former employee of Midwest Transport Inc. has filed a WARN Act lawsuit, alleging the trucking company failed to give a 60-day notice of a planned shutdown before laying off 650 employees, including 480 truck drivers.
An Illinois-based trucking and logistics company that contracted with the U.S. Postal Service to haul mail and had more than 480 drivers ceased operations abruptly Thursday, according to sources familiar with the closure.
In today’s volatile economy, it is vital to choose a factoring partner that can offer the financial support and expertise needed to navigate the complexities of Chapter 11 bankruptcy.
Nashville-based Universal Capacity Solutions ceased operations Tuesday, laying off around 130 freight brokers and office personnel after its parent company, publicly traded Universal Logistics Holdings, pulled the plug without warning.
About 30 regional drivers for Maryland-based Perdue Transportation Inc. were called in to a meeting Monday and told to clean out their trucks and hand in their fuel cards and badges.
Refrigerated carrier A&A Express announced plans to lay off 111 employees, including 85 truck drivers, and wind down operations by Friday at its Brandon, South Dakota, facility.
The decision to liquidate trucking giant Pride Group could have ripple effects across the trucking industry, an industry observer says.
With so many players in the trucking industry having to close, one company was able to recover from the brink of bankruptcy.
Freight-related companies in California, Georgia, Illinois, New York and Texas are laying off a total of 1,234 employees.
A New Jersey-based trucking company, cited numerous times for safety violations for both its drivers and equipment, recently filed for Chapter 11.
Companies across the freight industry have announced another wave of layoffs, with over 600 workers in four states losing their jobs.
Blue Thunder Trucking of Broadview, Illinois, and its three affiliates filed for bankruptcy liquidation on July 19.
Two Miami-based trucking companies, A1 Transport Network and AB Brothers USA, filed for Chapter 11 bankruptcy protection Saturday.
Freight-related companies in California, Florida, Ohio and Texas are laying off a total of 218 employees.
Truck brokerage giant C.H. Robinson Worldwide laid off around 80 members of its remaining 150 sales representatives in the U.S. on Thursday, according to sources familiar with the cuts.
Less-than-truckload carrier Tony’s Express of Fontana, California, has filed for bankruptcy protection, nearly three months after it terminated 200 truck drivers, dock and warehouse workers, and office personnel via text message.
A packaging provider in Houston and a Dallas food supplier have announced facilities closures resulting in 285 layoffs.
Texas-based U.S. Logistics Solutions has filed for Chapter 7, stating that its lender pulled the plug on its funding, forcing the company to shutter operations Thursday.
About 2,000 truck drivers, warehouse and dock workers, and office personnel of Humble, Texas-based U.S. Logistics Solutions say they were notified Thursday that the company was ceasing operations and they would not be paid Friday.
An Indiana trucking company that has filed for bankruptcy protection says a financing deal with a company providing the carrier factoring services is “critical” to continuing operations.
An Indiana trucking company with 122 drivers and 142 power units recently filed for Chapter 11 bankruptcy protection.
A California company, which once contracted with FedEx Ground to deliver packages before filing suit against the global delivery giant over alleged illegal business practices, has filed for bankruptcy liquidation.
Illinois-based Patriot Transport and sister company Expeditor Systems recently filed for Chapter 11 bankruptcy protection.
A CDL training school that had facilities in Washington and Oregon has ceased operations and filed for bankruptcy liquidation.
FedEx Freight, the less-than-truckload unit of FedEx Corp. (NYSE: FDX), is closing seven service centers in the U.S. as the division continues to make alignments to its freight network.