Layoffs and Bankruptcies

Georgia carrier disputes top creditors’ claims in bankruptcy filing

BMX Transport filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Georgia on Tuesday.

According to the filing obtained by FreightWaves, the Gainesville, Georgia-based trucking company owes $1 million-$10million in liabilities to between 100 and 199 creditors. The company has $1 million-$10 million in estimated assets.

The two top creditors have claims disputed by BMX. One is a $250,000 unliquidated negligence claim from Rhona Michelle Crenshaw for a vehicle...

https://www.freightwaves.com/news/georgia-carrier-disputes-top-creditors-claims-in-bankruptcy-filing

International Paper closes Texas plants, cuts 117 jobs 

International Paper Co. recently said it was shuttering two Texas facilities and laying off 117 workers as it restructures its presence along the U.S.-Mexico border.

The company is closing two production facilities in Edinburg, Texas, one that manufactures containers and another that makes paper sheets. The sheet plant will be converted into a warehouse.

While the company is closing two production plants in Edinburg, it is investing more funds at a nearby facility in McAllen, Texas, as well as a...

https://www.freightwaves.com/news/international-paper-closes-texas-plants-cuts-117-jobs

Mass layoffs from freight-related jobs continue across US, Germany

Mass layoffs continue across freight-related companies in the U.S. and Germany.

More than 3,500 job cuts have been announced since April 30, according to media reports and Worker Adjustment and Retraining Notification (WARN) Act notices.

Since Jan. 1, more than 30,000 freight-related layoffs have been announced, impacting workers in food production and distribution, manufacturing, transportation, warehousing, and logistics.

Manufacturing, food production industries hit hard

Among the companies...

https://www.freightwaves.com/news/mass-layoffs-from-freight-related-jobs-continue-across-us-germany

Layoffs hit BNSF tech staff amid restructuring

BNSF Railway has laid off a portion of its technology services staff as part of a departmental restructuring effort.

While BNSF did not disclose specific numbers, the cuts are believed to have affected between 140 and 175 workers.

The Fort Worth, Texas-based carrier is creating a division called “bnsf | tech” as part of what it describes as “a strategic initiative to transform the future of rail operations through innovation.” According to a prepared statement, this new organization “will be...

https://www.freightwaves.com/news/layoffs-hit-bnsf-tech-staff-amid-restructuring

DHL to close Southern California warehouse, lay off 346

The contract logistics unit of DHL will lay off 346 workers and close a distribution center in Ontario, California, by the end of August, according to a notice the company filed with California’s Employment Development Department. 

DHL Supply Chain is leaving the warehouse because an undisclosed customer is relocating part of its distribution operations, spokeswoman Marcia McLaughlin confirmed in an email. The facility will begin to wind down operations on July 1. 

“DHL Supply Chain has been...

https://www.freightwaves.com/news/dhl-to-close-southern-california-warehouse-lay-off-346

Detroit carrier joins distributor in large-scale bankruptcy

A Detroit-based grocery-hauling company with over 300 trucks has filed for bankruptcy alongside several partner companies.

SFD Transportation filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas on Monday. The filing was in Texas because a bankruptcy case concerning an affiliate of the debtor was already pending there.

According to the filing obtained by FreightWaves, SFD estimated it has between 5,001 and 10,000 creditors, with liabilities totaling...

https://www.freightwaves.com/news/detroit-carrier-joins-distributor-in-large-scale-bankruptcy

Trade war’s toll mounts as transportation industry faces major layoffs

🛩

The ongoing trade war between the United States and China is beginning to show significant impacts on the American economy, particularly in the transportation and logistics sectors. Industry experts are warning of substantial job losses and economic disruption as the effects of reduced trade volumes begin to materialize.

“We’re just at the start of the trade war,” said Craig Fuller, CEO of Firecrown Media and SONAR, in a new video on X. “We’ve been at this for a couple of weeks, but things are...

https://www.freightwaves.com/news/trade-wars-toll-mounts-as-transportation-industry-faces-major-layoffs

Layoffs hit freight-related companies across Southeast

Layoffs tied to the manufacturing, distribution and freight sectors have surged across the southeastern U.S. since the beginning of April.

More than 1,300 job cuts have been announced, according to media reports and Worker Adjustment and Retraining Notification (WARN) Act notices.

C&S Wholesale Services LLC

C&S Wholesale Services LLC said it is ceasing operations at its distribution center in Baldwin, Florida, and laying off 490 workers. 

The facility will close by July Fourth. The company did not...

https://www.freightwaves.com/news/layoffs-hit-freight-related-companies-across-southeast

Texas trucking company, brokerage file for Chapter 11 bankruptcy

Balkan Express and its affiliate, Balkan Logistics, have filed for Chapter 11 bankruptcy protection, citing debts of more than $25 million.

The companies, which seek to reorganize, filed for Chapter 11 protection on Wednesday in the U.S. Bankruptcy Court for the Northern District of Texas.

Fort Worth-based Balkan Express is a dry van trucking company that has been operating since 2007. It has 166 drivers and 159 power units, according to the Federal Motor Carrier Safety Administration.

Balkan...

https://www.freightwaves.com/news/texas-trucking-company-brokerage-file-for-chapter-11-bankruptcy

Penske Logistics slashing 330 jobs in Missouri

Penske Logistics plans to permanently lay off 337 warehouse and other workers in Kinloch, Missouri, according to a Worker Adjustment and Retraining Notification Act (WARN) notice filed on Wednesday.

The layoffs are the result of losing a contract for warehousing services for supermarket chain Schnucks.

Kinloch is a suburb of St. Louis, where Schucks is headquartered.

“Penske Logistics employs approximately 337 individuals at this location,” according to the WARN notice. “Effective July 15, Penske...

https://www.freightwaves.com/news/penske-logistics-slashing-330-jobs-in-missouri

+ More