“FedEx is not just making an investment. They are also rightly identifying tracking and visibility as vital areas in the supply chain,” says Cambridge Capital’s Benjamin Gordon.
Chattanooga, Tennessee-based U.S. Xpress is cutting another 5% of its corporate workforce in the trucking company’s second round of layoffs in three months.
According to an email sent by FourKites founder and CEO Mathew Elenjickal and acquired by FreightWaves, the board of the Chicago-based company has requested a full “product portfolio review to align with market realities.”
Electric vehicle maker Rivian is cutting its workforce by 6% amid growing inflation pressure and tightening capital markets, according to reports.
Shopify cites slowing growth in e-commerce as it cuts 10% of its workforce.
GXO Logistics Inc. plans to permanently shutter its Milwaukee-area facility and lay off 144 workers by September.
Layoffs get the attention but plenty of electric transportation startups are still hiring. They are getting creative with fundraising, too.
Baton eliminates 25% of its workforce to pivot its business model to focus on its artificial intelligence transportation management software for drop-freight operation
Logistics provider DB Schenker will lay off 130 employees from a distribution center in Fort Worth, Texas.
A pair of logistics companies — one with fresh funding, the other entering a worker appraisal period — trimmed headcounts significantly.
Global 3PL Neovia Logistics Services recently announced plans to cut nearly 100 jobs at its Tannersville, Pennsylvania, facility on July 29.
Last Mile Solutions told the Securities and Exchange Commission it is nearly out of cash and could run out of money this month.
Turkish ultrafast delivery company Getir told employees in an internal memo this week that it would be laying off about 14% of its workforce.
Gorillas, a Berlin-based startup that delivers grocery, food and convenience items in 15 minutes or less, is laying off half of its employees.
GoPuff, the 30-minute food and grocery delivery business that bills itself as an “instant needs” company, plans to cut 3% of its workforce.
Reasons for Unemployment – Transportation & Warehousing industry
Ryder System is closing its operations in Tracy, California, where the company operated a distribution center for PepsiCo.
The semiconductor shortage takes a 7,000-truck toll on Paccar in Q3 with no sign of relief in sight.
QX Logistix said it is closing four facilities in California, and CEVA Logistics announced it is laying off 87 employees at a Dallas-area location.
About 180 truck drivers being laid off in Texas, New York and California.
