Less-than-truckload carriers have been vocal that they will be rightsizing head counts to match a recent pullback in volumes.
On Tuesday, XPO (NYSE: XPO) confirmed to FreightWaves that it will be offering voluntary furloughs.
“As we’ve done in the past, some of our terminals are doing local voluntary furloughs to rightsize their teams over the holidays,” a spokesperson with XPO stated. “As furloughs are voluntary, we don’t expect it to [impact] a meaningful number of employees.”
Individuals...
https://www.freightwaves.com/news/ltl-carriers-dialing-down-labor-expenses-as-volumes-sag