layoffs

More layoffs in Texas aerospace and freight services companies as coronavirus case numbers climb

Mack Trucks and Volvo Trucks North America are cutting 450 salaried jobs as part of parent Volvo Group’s slashing of 4,100 whiite-collar positions. But Mack is holding the line for now against additional reductions in
production workers in Pennsylvania.

Glum Volvo Group financial report follows layoffs of 4,100 white-collar workers in second quarter. Uncertainty means the pain may continue for some time.

United Airlines said layoffs of more than 4,700 employees at airports in Houston and Dallas could be long term if economic conditions do not change.

With Texas halting business reopenings because of a surge in coronavirus cases, Navistar executives and others who would have tossed shovels full of dirt instead read prepared remarks over the internet to kick off construction of a $250 million high-tech plant.

Frac sand firm Vista Proppants and Logistics filed for Chapter 11 bankruptcy protection on Tuesday, saying it has around $500 million in liabilities.

Guest commentator Eric Masotti writes about the importance of technology in logistics – but also underscores the importance of dedicated people to the process.

Tulsa-based Stone Trucking is shutting down its operations and laying off 51 employees. The company was a flatbed, oversize and heavy haul carrier.

Mass layoffs can help a company survive the coronavirus recession for the time being, but the damage will hurt its long-term prospects, United CEO Scott Kirby says.

The U.S. government’s emergency aid package was only a Band-Aid for protecting jobs. Airlines promised not to have involuntary layoffs for six months, but now American Airlines is paving the way for mass layoffs.

Fleet management solutions provider also raises $400 million in equity to help sustain operations during coronavirus downturn

Officials with Cardone said the layoffs were part of the “dramatic, sudden and unforeseeable negative business circumstances the company is suffering due to COVID-19 pandemic.”

United Airlines isn’t sugar-coating the airline industry’s economic reality. United expects to survive the coronavirus crisis, but business will be slim for months to come.

Digital freight brokerage Transfix laid off about 10% of its staff on Tuesday

Revenue and profits look bleak for second quarter, but leading engine maker Cummins surprised analysts with better-than-expected first-quarter revenue and profits.

Companies across the Lone Star State have made another wave of job cuts with 3,000 more workers losing their jobs.

Airlines and analysts are lowering expectations for a quick bounce back in business this summer because there still is so much uncertainty about the coronavirus.

Sources say TQL postponed the start date of nearly 200 of its 400 new hires, citing the economic downturn and COVID-19.

Companies with layoffs include Step Energy Solutions, Pioneer Frozen Foods, Zachary Industrial-LyndellBasell, Turner Industries and UTLX Manufacturing.

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.