layoffs

Boeing to sunset 767 freighter program, slow 777X rollout amid strike

Boeing said Friday afternoon it will stop production of the 767 freighter in 2027, sooner than expected, and won’t have the next-generation 777-8 freighter ready for commercial use until 2028, at least a year later than previously scheduled, as the company looks to stem financial losses amid a month-long machinists strike.

Management also announced it will take a $3 billion pre-tax charge on the 777X and 767 programs, lay off about 10% of its workforce and report a third-quarter loss of $9.97...

https://www.freightwaves.com/news/boeing-to-sunset-767-freighter-program-slow-777x-rollout-amid-strike

More layoffs at freight-related firms: 607 workers cut across 4 states

Layoffs continue across the commercial transportation and freight industry, according to a new round of worker reduction notices in Florida, Texas, Illinois and Wisconsin.

It is the second round of layoffs since the beginning of July. Averitt Express, Bath & Body Works Logistics Services, ShipBob, and Henry Avocado Corp. announced a total of 218 layoffs earlier in the month.

Menzies Aviation

Menzies Aviation announced July 17 that it will eliminate 409 positions from its facility at Miami...

https://www.freightwaves.com/news/more-layoffs-at-freight-related-firms-across-4-states

Forward Air cuts workforce as it navigates post-merger landscape

The dust continues to settle from numerous layoffs at Forward Air last week, multiple people familiar with the matter told FreightWaves. The sources said the job cuts range from clerical positions to the C-suite and include many sales and technology roles.

A representative for Forward was unable to confirm the total number of positions impacted but acknowledged the layoffs on Monday.

“As part of our previously announced efforts to improve Forward’s performance, we’ve made the difficult decision...

https://www.freightwaves.com/news/forward-air-cuts-workforce-as-it-navigates-post-merger-landscape

Workhorse on the bubble, or is it worse?

Less than three months after my generally upbeat visit to Workhorse Group’s refurbished plant near the Ohio-Indiana border, the electric truck maker’s situation appears dire.

Layoffs and furloughs

Workhorse has laid off 20% of its workforce. Much of the rest is on unpaid furlough and could be called back to work. 

The company is choked with inventory. It has less than $7 million in cash on the books and accounts payable for more than twice that amount. At a projected burn rate less than Q1’s $5.5...

https://www.freightwaves.com/news/workhorse-on-the-bubble-or-is-it-worse

Florida carrier shuts down OTR and dedicated fleets, lays off 57 drivers

Jacksonville, Florida-based Raven Transport Holding Inc. said it is shutting down its over-the-road (OTR) and dedicated fleets, according to a Worker Adjustment and Retraining Notification filing on Wednesday.

The closure of the two fleets will result in 83 laid-off employees, including 57 truck drivers, from Raven’s facility at 7150 Philips Highway in Jacksonville.

Officials for Raven Transport did not provide a reason for shutting down the OTR and dedicated fleets, but said the closure is...

https://www.freightwaves.com/news/florida-carrier-shuts-down-otr-and-dedicated-fleets-lays-off-57-drivers

Over 1,300 layoffs hit logistics companies across US

Layoffs continue across the freight and logistics industry, with companies in Florida, Georgia, Illinois, Michigan and Texas announcing job reductions and facility closures over the past two weeks.

Universal Logistics

Warren, Michigian-based Universal Logistics is permanently shuttering two of its subsidiaries and laying off a total of 677 employees, according to notices recently filed with the state.

The layoffs are related to Universal-operated entities Logistics Insights Corp. and Universal...

https://www.freightwaves.com/news/over-1300-layoffs-hit-logistics-companies-across-us

70-year-old California trucking company, freight brokerage closes abruptly

A 70-year-old California-based less-than-truckload carrier ceased operations Thursday, leaving over 170 truck drivers, warehouse workers and office personnel without jobs, paychecks and paid time off (PTO).

The formerly family-owned company, Tony’s Express, headquartered in Fontana, had 87 drivers and 42 power units at the time of its closure, according to the Federal Motor Carrier Safety Administration’s SAFER website. The company also had around 10 linehaul drivers, who were owner-operators.

Joh...

https://www.freightwaves.com/news/70-year-old-california-trucking-company-freight-brokerage-closes-abruptly

Flock reports layoffs, path to profitability

Friday marked a turn of events for Flock Freight, a provider of shared truckload solutions, as the company decided to reduce its workforce by 54 individuals. The company last reported layoffs in April of 2023. 

This strategic move was aimed at recalibrating the company’s trajectory towards profitability. The positions affected were primarily back office roles, focusing on enhancing automation for Flock’s operational efficiencies.

“The people supporting our customers and carriers and those...

https://www.freightwaves.com/news/flock-reports-layoffs-path-to-profitability

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