Global 3PL Neovia Logistics Services recently announced plans to cut nearly 100 jobs at one of its facilities in Pennsylvania on July 29.
According to a Worker Adjustment and Retraining Notification (WARN) Act notice posted on the Pennsylvania Department of Labor’s website, the 98 permanent layoffs will occur at its Tannersville facility.
As of publication time, Stephen Boone, communications director for Neovia, had not responded to FreightWaves’ request seeking comment about the layoffs.
Worldwide, Neovia, headquartered in Irving, Texas, operates more than 100 facilities in 20 countries, serving the automotive, industrial, aerospace and consumer products sectors, according to its website.
Neovia was founded as Caterpillar Logistics Services in 1987 to provide support to Caterpillar International and its partner companies before becoming a stand-alone company in 2012.
Although it’s unclear what led to the layoffs in Pennsylvania, the transportation industry is closely monitoring global economic conditions as freight is slowing and rates are dropping, according to Craig Fuller, CEO of FreightWaves.
FreightWaves reported on Friday that digital freight startup Convoy is cutting 7% of its workforce in an effort to slash operating costs amid concerns about a downturn in the economy and its potential impact on customers’ businesses.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now