Add Truckstop.com to the list of logistics companies implementing layoffs.
The specific size of the cutbacks at the load board provider are not known and were not disclosed by the company.
In response to a FreightWaves query on Thursday, a spokeswoman for Truckstop.com issued the following statement:
“As a premier and trusted SaaS [software-as-service] provider to the freight transportation community, Truckstop is constantly working to find new ways to better serve its customers while keeping them at the forefront of everything we do. We are a growth company. Growth requires continuous improvement, evolution and change. This week we restructured our organization to allow us to operate more efficiently and deliver more customer value. We continue to build on our momentum and invest in areas of the business poised for even greater success and profitability.”
A check of the careers section of the Truckstop.com website shows only four open positions. Its fierce load board rival, DAT, listed 22 open job slots Thursday afternoon.
The size of Truckstop.com is not known, but in November 2020 it was said to be more than 400 employees.
Just in the first two months of the year, there have been layoffs in the logistics sector at Convoy, Amerijet, Arrival, Amazon (18,000 in total but with the drone unit experiencing “significant” job cutbacks), Ryder and Flexport.
Ron Hummel, CEO, TruckingPlanet.com
This business is driven by the freight their customers post. Access to good paying freight makes it a worthwhile purchase. When business turns south and the load boards are full of non profitable freight, the luster wears off quick. The additional features like graphs, charts, spread sheets lose their meaning when the core contains cheap freight.
The problem feeds on itself when only paid members can view the same info from the same people.
In my opinion, let the entire shipping and carrier community view information for free, it opens up a world of opportunity with new customers and carriers. Paid subscription are kind of like being locked in a room on a hamster wheel, no new opportunity, just the same people posting, and in today’s market, you need to bring ALL shippers and carriers to the table
Atex Freight Broker Training Inc
It’s an interesting and intriguing inquiry into the “Why” of these layoffs – not only in logistics but across the entire spectrum in employment. MY take is this (right or wrong): NOW is the time to do some housecleaning. NOW is the time to get rid of dead wood. NOW is the time to fine tune focus, strategies, opportunities. Get ready for the next wave with a learner, meaner operation.
I’m betting on this as I’ve decided to EXPAND and, hopefully, I’ll be around for that next wave. It’s coming.
Tracy ALAN Quinn
The price kept going up yet less and less freight was being posted. I used to use truckstop exclusively but droped them because they only had cheap garbage from jb hunt and suck
BrokerKnowsBest
Good riddance.