Layoffs and Bankruptcies

A pay dispute leads to about 1,400 warehouse workers and truck drivers in Teamsters Local 202 walking the picket line.

Penske Logistics “strongly refutes” claims by Loves but defers other comments.

Missouri-based Boomerang Tube lays off 185 workers from its manufacturing operation in Liberty, Texas.

In 2020, the U.S. trucking industry was turned on its head by a pandemic and an oil glut that forced many small fleets and owner-operators to cease operations or file for bankruptcy protection. Others cited legal woes as the main reason to file Chapter 7 or 11 this year.

Company said sale of its SHIP tokens was not an unregistered securities sale, but government agency disagreed

EVO Transportation, which hauls for the U.S. Postal Service, is permanently closing its terminal in Austin, Texas.

The heavy equipment manufacturer is closing its facility in Waco and transferring operations to South Dakota and France.

More than 45 trucking companies are collectively owed hundreds of thousands of dollars after a Texas-based logistics files Chapter 7 bankruptcy.

Southwest Airlines furloughing additional 827 workers; Texas auto parts supplier closes facility.

Former Celadon truck drivers and employees are still bitter one year after the trucking conglomerate filed Chapter 11 and abruptly shuttered operations on Dec. 9, 2019.

Truckers are owed hundreds of thousands of dollars after Jamco Services LLC of Midland, Texas, filed for Chapter 11 protection on Wednesday.

A Texas oilfield services company filed for bankruptcy protection, leaving small-business truckers that haul oilfield equipment in the lurch.

Michigan-based DIS Transportation and DIS Express file for Chapter 11 protection after working with a consultant for more than a year to improve operations.

Trucking companies are among the major unsecured creditors owed money after Eagle Manufacturing Inc. of Red Lake, Minnesota, filed Chapter 11.

Its sale from a bankrupt firm complete, Rand rolls out new product, has been generating cash for more than a decade

Documents indicate company was in a financial bind before private equity company Teleo scooped it up

$1.65 billion borrowed is more than rental car company had been seeking

A California-based trucking and warehousing company, forced to cease operations more than a year ago, filed for Chapter 7 liquidation.

A court-appointed receiver has assumed control over Canadian cross-border trucking companies Kings Cargo Express and Canada Cargo Lines in Manitoba, which owe CA$2.2 million to Toronto-Dominion Bank.

Truck drivers for Dallas-based Trinity Logistics Group say they were blindsided by the carrier’s recent decision to close its heavy-haul operation.

FTS International lists $517.2 million in assets and $535.3 million in debts.

Court-approved access to $2.45 billion is expected to help the South American carrier weather the pandemic.

Canadian trucking and logistics firm TFI International buys U.S. bulk carrier CCC Transportation, its third acquisition from bankrupt Comcar Industries.

Contentious deal with former CEO is settled, allowing the sale of CCC

A.P. Moller-Maersk’s recent announcement that Damco will no longer exist as a separate brand is expected to drive some shippers into the arms of others.

Bainbridge Uinta, an oil and gas exploration and production company headquartered in Dallas, filed for Chapter 11 bankruptcy in Fort Worth, Texas, on Tuesday.

WARN notice to state leads to confusion about facility’s fate; new owner will operate facility

In response to the COVID-19 pandemic, two freight-related companies in Texas are eliminating 382 jobs.

FreightWaves’ Kevin Hill interviews co-founders of Baton about their technology plans to eliminate long-haul truck driver dwell times.

The first of 31 giants of the sky in British Airways’ fleet says goodbye.

Amazon is cutting ties with more last-mile delivery companies, resulting in the layoffs of more than 1,700 drivers

Don’t confuse Florianopolis with Indianapolis. It’s in Brazil and LATAM is flying freighters there from Miami.

After the revision of the June numbers, July preliminary trucking employment is less than where the market thought it was a month ago.

Even as trucking jobs rose, rail jobs declined

Airlines are saving every penny possible and with so few people traveling they don’t need more airplanes. That’s hurting sales at Airbus and Boeing.

Deutsche Post DHL saw a significant rise in e-commerce activity during the second quarter due to continued COVID-19 travel restrictions and retail store closures.

A small trucking company and a logistics firm filed for Chapter 7 bankruptcy protection in late July.

Kentucky lumber processor filed for bankruptcy, leaving several flatbed carriers in the lurch for thousands in unpaid freight bills.

The export plant employs 2,000 workers and makes electronic parts used in vehicles manufactured by Chrysler, General Motors, Ford and others.

Boeing commercial aircraft deliveries fell by more than half over the past six months, compared to the same period last year.

More layoffs in Texas aerospace and freight services companies as coronavirus case numbers climb

American Airlines’ cargo revenue for the first half of the year was $277 million, or 37% lower than the first half of 2019.

American Airlines lands $2.7 billion pretax loss in second quarter.

Latin American airline mobilized five Boeing 777 passenger planes to move 1,200 tons of N95 masks on board 39 cargo-only flights from China to São Paulo.

The U.S. Federal Maritime Commission enters “phase two” of its fact-finding investigation into COVID-19 impacts on container shipping in the Port of New York and New Jersey.

American Airlines, United Airlines and Delta Airlines are planning for mass layoffs unless workers take unpaid leave or separation packages as COVID continues to batter the industry.

Virgin Atlantic is recapitalizing without support from the U.K. government thanks to internal and external investors and creditors.

Delta Air Lines will retire more than 100 planes by year’s end, reducing the carrier’s available cargo capacity to some destinations after coronavirus passes.

Atlanta-based airline posted $3.9 billion pretax loss for the second quarter.

Airlines are leaning heavily on governments for support until they can get back on their feet once the COVID crisis subsides. Next up: KLM.

Slumping oil prices and COVID-19 pandemic forced Houston-based Hi-Crush to file for Chapter 11 bankruptcy protection on Sunday.

Even before Hawaii imposed COVID-19 travel restrictions earlier this year, Young Brothers lost money and last year sought a rate increase valued at $13 million from state regulators.

United Airlines said layoffs of more than 4,700 employees at airports in Houston and Dallas could be long term if economic conditions do not change.

Federal loan during the COVID-19 pandemic couldn’t keep Alabama-based Foster Freights LLC afloat, as it filed for Chapter 7 bankruptcy protection.

Lufthansa Airlines is transforming itself into a smaller airline, while its Cargo division settles on a single company to manage its central warehouse.

Reviewing the voluminous data about recipients a day after its release

Funding for the extension will be the money that didn’t get sent out so far

Deluxe Express filed for bankruptcy protection, citing skyrocketing insurance rates, fatal crash.

Airlines are sweating the coronavirus pandemic despite the recent upturn in travel. El Al says it might fail and Aeromexico went the bankruptcy route.

The family-owned company, which filed for Chapter 11 bankruptcy protection, has been in business since 1994 and has 23 employees.

TFI International grows U.S. specialty businesses with CT Transportation in second acquisition from bankrupt Comcar industries.

Company has new DIP financing and new financing for when it exits bankruptcy, will continue operating

Payouts begin flowing to truck drivers from Celadon Group’s Hyndman Transport months after forcing the bankrupt trucking company to court in Canada.

Last-minute bid prevails over PS

TFI engages in a bidding war over CT; creditors committee highly critical of deal on CCC.

New loans under PPP were less than $2 billion last week, and there’s plenty left on the table

Jaguar Transport won a public auction for Celadon’s Mexican businesses, with a winning bid of $6.8 million.

Court ruling was needed for disposal of mostly reefer carrier to proceed

The Illinois-based carrier is being sued by its principal lender and landlord for failing to pay its financial obligations.

Boeing’s stop-work order to its fuselage supplier has a lot to do with COVID-19 and the state of the airline industry.

Frac sand firm Vista Proppants and Logistics filed for Chapter 11 bankruptcy protection on Tuesday, saying it has around $500 million in liabilities.

Guest commentator Eric Masotti writes about the importance of technology in logistics – but also underscores the importance of dedicated people to the process.

Tulsa-based Stone Trucking is shutting down its operations and laying off 51 employees. The company was a flatbed, oversize and heavy haul carrier.

Third-party logistics services providers involved in international trade remain concerned about how their businesses will remerge post-COVID-19. They are addressing tough questions about what it will take in terms of staff, systems and office space to operate a successful company.

Young Brothers will curtail service without rapid $25 million infusion of CARES Act funding from state regulators.

Canadian heavy equipment hauler secures Chapter 15 bankruptcy protection, clearing the way for the company to court buyers and investors for its trucking and crane assets in Alberta and Texas.

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  News reports that Uber is re-evaluating non-core units […]

“Crew changes cannot be postponed indefinitely,” warned the world’s largest maritime and air transport organizations.

Program was for eight weeks, starting in April, setting up an end to some protection

Car rental giant Hertz files for Chapter 11 bankruptcy protection after failing to reach an agreement with creditors; blames COVID-19 pandemic for economic freefall

Digital freight matching has pushed the industry to adapt.

NCBFAA President Janet Fields has knowledge and skills to lead industry through worst of times, former association President Amy Magnus says.

Unlike many other bankruptcies, this one looks like jobs are being kept

Israel’s flagship carrier El Al is struggling to hold on financially during the COVID-19 pandemic and is looking to the government for a lifeline.

The Honolulu-based carrier has used some passenger airplanes to transport face masks from China, as well as food and medical supplies between islands.

U.S. Federal Maritime Commission asks lawmakers to consider “financial bridge” to help container terminals make their lease payments.

Digital freight brokerage Transfix laid off about 10% of its staff on Tuesday

Small fleets file for Chapter 7 bankruptcy in April

The duty deferment applies to qualifying importers facing “significant financial hardship,” Customs and Border Protection said.

The current $61 billion set-aside for the domestic airline industry left out the forwarders.

On this week’s Drilling Deep, host John Kingston heard from Jack Rybicki, a managing principal at the accounting and consulting firm CLA.  Jack has been steering many clients through the […]

Problem-solving supply chain bottlenecks is the way to build customer loyalty, freight experts say.

Concurrent EILD program definitely appears to be a less desired option.

Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of a prolonged economic downturn caused by the coronavirus pandemic.

P.A.M. Transportation says it has temporarily laid off approximately 75 employees as auto plant closures increase.

Brian Aoaeh is a contributor of commentaries to FreightWaves. Last week he wrote Commentary: Supply Chain Caucus established in U.S. House of Representatives. That spurred an idea to write the […]

Approximately 30 former Lipsey Logistics employees say they were blindsided after they were called into a meeting and laid off without warning on Wednesday.