Boeing is scaling back production plans for the 767 and next-gen 777-X freighters, which could create a shortage of widebody cargo aircraft later this decade.
To view more FreightWaves infographics, click here
Companies across the freight industry have announced another wave of layoffs, with over 600 workers in four states losing their jobs.
Forward Air confirms it has implemented workforce reductions and other restructuring initiatives.
Perpetually troubled electric van maker Workhorse Group may be in worse shape than it appears. Little cash and slack orders are two factors.
To view more FreightWaves infographics, click here
Jacksonville, Florida-based Raven Transport is shutting down its over-the-road and dedicated fleets and laying off 83 employees.
More than 1,300 layoffs hit freight-related companies in Texas, Florida, Illinois, Michigan and Georgia over the past two weeks.
A California-based less-than-truckload carrier has ceased operations, leaving over 200 truck drivers, warehouse workers and office personnel without jobs or paychecks.
Friday saw a pivotal shift for Flock Freight as the company opted to downsize its workforce by 54 individuals, a strategic decision aimed at realigning the company’s trajectory towards profitability.
To view more FreightWaves infographics, click here
Amazon Air is closing a Texas cargo-handling facility, which will result in the layoff of 65 workers.
Houston-based Vroom is closing two facilities in Texas and laying off 515 workers as part of a nationwide restructuring.
Subpar 2023 results and uncertain 2024 guidance sent shares falling.
Digital freight forwarder Flexport reportedly may let go of a large part of its staff after closing on $260 million in funding from Shopify.
WWL Vehicle Services Americas is closing a Houston logistics operation and moving to Freeport, Texas.
New owners have taken control of troubled Amerijet, which is scuttling several aircraft leases and laying off more workers to preserve cash.
Seattle-based logistics startup Flexe is laying off 99 workers, its third round of layoffs in two years.
The move included the departure of a key executive, Glenn Koepke, vice president of strategy.
TuSimple Holdings is following through on winding down its U.S. autonomous trucking business, laying off 150 more employees.
