Layoffs And Bankruptcies Pile Up In Logistics Amid Shocking Downturn
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Source: zerohedge.com
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Layoffs and bankruptcies pile up in logistics amid shocking downturn
Trucking and logistics companies are seeing a massive downturn. FreightWaves has reported on the biggest shutdowns and layoffs since 2022. The post Layoffs and bankruptcies pile up in logistics amid shocking downturn appeared first on FreightWaves.
Source: yahoo.com
PROBLEM SOLVERS: Former GR trucking company drivers reportedly paid
In September, Sunset Logistics closed. Former employees, like Whetstone, say it happened without notice and the company never issued their last paychecks or reimbursements for money held in escrow.
Source: fox17online.com
Loaded and Rolling: Morgan Stanley sees freight industry move 'deeper into limbo'
A Q3 shipper survey by Morgan Stanley suggests the freight industry has moved “deeper into limbo” as completion of an excess inventory purge now leads to uncertainty as there is no immediate need to restock. The post Loaded and Rolling: Morgan Stanley sees freight industry move ‘deeper into limbo’ appeared first on FreightWaves.
Source: yahoo.com
PROBLEM SOLVERS: Former drivers out thousands after GR trucking company closes
Workers say a Grand Rapids trucking company owes them thousands of dollars after it abruptly shut down last month, but never issued final paychecks or reimbursements for money held in escrow.
Source: fox17online.com