Order cancellations and only essential replacement bookings dropped new trailer orders to just 6,500 units in March. Separately, Wabash National announced a two-week suspension of production and cash-conservation moves.
TravelCenters of America is laying off more than 3,000 employees because its full-service restaurants are idle and stay-home orders keep most motorists off the highways.
Diminished railcar demand and COVID-19 headwinds force railcar maker to halt production and trim staff.
Two more significant companies in the trucking and transportation field have implemented layoffs and furloughs. In response to an email query from FreightWaves, Doug Waggoner, the CEO of Echo Global Logistics (NASDAQ: ECHO), said the third-party logistics provider (3PL) had a “small reduction” in staff this week that constitutes less than 5% of the company’s […]
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.
More funds for loans could help protect small and midsize carriers from layoffs.
CEO Matt Pyatt said some industries served by Arrive are shipping less freight.
Truck component supplier Meritor idles plants and cuts base salaries up to 50% to save the ship from rough seas.
Zach Strickland and JP Hampstead talk about these uncertain times as volumes continue steady growth and tender rejections are up to 15%.
The latest news on the coronavirus impact on freight.
Blanked sailings blamed for two terminals scheduling one- and two-day suspensions of operations.
Approximately 30 former Lipsey Logistics employees say they were blindsided after they were called into a meeting and laid off without warning on Wednesday.
It’s a full red alert for the airline industry as the coronavirus crushes travel demand. Companies are racing to shore up their finances as revenues dry up.
Companies from all corners of the freight ecosystem are beginning to implement layoffs as an economic downturn starts to take hold.
And a small loadboard company gains hosannas for offering…five parking spots.
CLS has specialized in last mile delivery, expedited LTL, cross-border transportation, sprinter vans, box trucks and e-commerce fulfilment.
Anthony Levandowski still faces criminal charges after federal prosecutors allege he stole secrets about Google’s self-driving arm.
CEO John Babic says Canadian oil and gas services firm was trying to ride out a slowdown in spending in a struggling industry, but his lender ran out of patience.
Houston-based TPC Group will eliminate 100 jobs but work to restore production within five years at the Port Neches plant damaged during Nov. 27 explosions.
