cost improvement plan

Werner suspends 401(k) match for employees to cut costs

Truckload carrier Werner Enterprises, coming off a first quarter in which it posted an operating loss, has suspended its 401(k) matching program for employees.

A Werner (NASDAQ: WERN) spokeswoman confirmed the validity of a screenshot circulating online that announced the suspension of the matching program. She added that the suspension is considered “temporary.”

“As part of our previously communicated $40 million cost savings initiative for 2025, Werner is taking intentional steps to streamline...

https://www.freightwaves.com/news/werner-suspends-401k-match-for-employees-to-cut-costs

UPS to eliminate 20K jobs as Amazon decoupling accelerates

UPS plans to shed about 20,000 front-line positions in 2025 as it manages the decline in unprofitable business from Amazon and a huge restructuring of its delivery network, executives said Tuesday during a first-quarter earnings briefing.

The integrated parcel and logistics giant in January reached an agreement to reduce Amazon volumes in its network by more than 50% by June 2026. Outbound deliveries from Amazon fulfillment centers are not profitable compared to returns and outbound volumes from...

https://www.freightwaves.com/news/ups-to-eliminate-20k-jobs-as-amazon-decoupling-accelerates