Layoffs and Bankruptcies

Layoffs hit up to 350 more workers at Volvo Trucks plant in Virginia

Volvo Trucks North America plans to lay off up to another 350 workers from a Virginia plant as part of job cuts affecting up to 980 employees across the country since the beginning of the year.

Employees at the New River Valley plant in Dublin, Virginia, were notified of the workforce reduction on Thursday, and their last day at the facility will be June 27, Volvo spokesperson Janie Coley said.

“Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates...

https://www.freightwaves.com/news/layoffs-hit-up-to-350-more-workers-at-volvo-trucks-plant-in-virginia

Mack Trucks plans layoffs at Pennsylvania, Maryland factories

Mack Trucks said Thursday it will lay off up to 450 workers from factories in Pennsylvania and Maryland due to the impact of tariffs and other economic factors.

The company will cut between 250 to 350 jobs at the Lehigh Valley Operations in Lower Macungie Township, Pennsylvania, over the next 90 days.

Mack Trucks will lay off between 50 to 100 workers from its factory in Hagerstown, Maryland, by May 2. This is in addition to 43 people already laid off earlier this year from the Hagerstown...

https://www.freightwaves.com/news/mack-trucks-plans-layoffs-at-pennsylvania-maryland-factories

Illinois trucking company with 250 drivers abruptly ceases operation

An Illinois-based trucking and logistics company has notified its 250 drivers that the carrier is ceasing operations immediately.

Truck drivers for LTI Trucking Services said they received a fleetwide message Wednesday stating the company was closing.

“After exhausting all possible options and careful consideration of our circumstances, we have made the difficult decision to close LTI Trucking Services,” read the message sent to drivers. 

LTI Trucking Services did not return a request for comment...

https://www.freightwaves.com/news/illinois-trucking-company-with-250-drivers-abruptly-ceases-operation

Automaker to temporarily lay off 900 US workers due to tariffs

Stellantis said on Thursday it will pause production at assembly plants in Canada and Mexico and temporarily lay off about 900 employees at auto factories in Michigan and Indiana. 

The announcement comes just hours after President Donald Trump’s reciprocal tariff plan went into effect at midnight, including 25% import duties on foreign-made cars.

The pause begins Monday at Stellantis assembly plants in Windsor, Ontario, and Toluca, Mexico. 

Lou Ann Gosselin, Stellantis’ spokeswoman for Canada,...

https://www.freightwaves.com/news/automaker-to-temporarily-lay-off-900-us-workers-due-to-tariffs

Q1 ends with thousands more freight layoffs

Freight-related layoffs across North America continue to mount, with companies citing economic uncertainty, tariffs, declining demand and rising production costs as reasons for the job cuts.

There have been 5,608 job cuts over the past several weeks, according to media reports and Worker Adjustment and Retraining Notification (WARN) Act notices.

Since Jan. 1, almost 23,000 freight-related job cuts have been announced, impacting workers in autos, food distribution, manufacturing, transportation...

https://www.freightwaves.com/news/q1-ends-with-thousands-more-freight-layoffs

UPS to temporarily close Portland package facility for major retrofit

UPS plans to temporarily close its Swan Island package facility in Portland, Oregon, and lay off up to 244 workers as the integrated logistics carrier moves forward with consolidating and automating facilities under a network optimization strategy announced a year ago.

The parcel giant on Friday notified Oregon authorities that it will close the facility on June 20 and release 244 unionized workers, according to the Office of Workforce Investments.

That figure represents the total number of...

https://www.freightwaves.com/news/ups-to-temporarily-close-portland-package-facility-for-major-retrofit

Yellow’s new bankruptcy plan revealed, next steps still uncertain

An amended Chapter 11 bankruptcy plan outlining final distributions to Yellow Corp.’s creditors was submitted to a U.S. bankruptcy court in Delaware on Friday. As with the prior plan, the latest iteration would make former employees whole for their priority claims of unpaid time off and commissions due. The current version is backed by Yellow and the defunct estate’s committee of unsecured creditors but may not have the support of a key party in interest.

Classes for secured, priority, employee...

https://www.freightwaves.com/news/yellows-new-bankruptcy-plan-revealed-next-steps-still-uncertain

Texas trucking company, affiliates file for bankruptcy

A Henderson, Texas, business owner has filed bankruptcy for three businesses, including a trucking company.

According to court documents obtained by FreightWaves, Billy J. Townley filed Chapter 11 bankruptcy for his three companies on Wednesday: TLC Transportation, Townley Pallet Manufacturing, and W.D. Townley and Son Lumber Co.

All three filed for Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Texas.

W.D. Townley and Son Lumber Co. manufactures pine and hardwood pallets,...

https://www.freightwaves.com/news/texas-trucking-company-affiliates-file-for-bankruptcy

US, Canadian steelworkers hit with layoffs amid tariff uncertainty

Cleveland-Cliffs Inc. said it will lay off more than 1,200 steel and mine workers in Michigan and Minnesota, citing market conditions and weak automotive production in the U.S.

The Cleveland-based steelmaker’s announcement comes after a steelmaker in Canada said it was eliminating about 140 workers’ jobs last month due to the effect of U.S. tariffs.

President Donald Trump imposed 25% steel and aluminum tariffs on all countries on March 12, which may go higher if the White House follows through...

https://www.freightwaves.com/news/us-canadian-steelworkers-hit-with-layoffs-amid-tariff-uncertainty

Yellow’s 325-door California terminal fetches $55M

In dribs and drabs, bankrupt Yellow Corp.’s handlers continue to liquidate assets. A Tuesday filing with the U.S. Bankruptcy Court in Delaware showed the estate will fetch $55 million for terminating a lease on a 325-door property in Bloomington, California.

The filing said the offer represents the “highest or otherwise best value for the Lease” after Yellow (OTC: YELLQ) marketed the property for 20 months through its broker CBRE and its bankruptcy adviser Ducera.

The landlord is listed as NATMI...

https://www.freightwaves.com/news/yellows-325-door-california-terminal-fetches-55m

+ More