True Value

Over 2,400 layoffs hit supply chain-related firms across US

Layoffs continue across the freight and logistics industry, with 2,402 job cuts announced by companies in Arizona, California, Georgia, Illinois, Missouri, Ohio and Texas over the past three weeks.

True Value Co.

Hardware wholesaler True Value Co. filed for Chapter 11 bankruptcy Oct. 14 and plans to sell the majority of its assets to competitor Do it Best for $153 million.

The Chicago-based company operates as a member-owned wholesaler cooperative that sells products to hardware sellers, garden...

https://www.freightwaves.com/news/over-2400-layoffs-hit-supply-chain-related-firms-across-us

White House unveils freight data exchange to bolster supply chains

The White House announced on Tuesday a freight data exchange to be coordinated by the U.S. Department of Transportation. The Biden administration sees the exchange as the next step toward strengthening supply chains.

The Freight Logistics Optimization Works (FLOW) includes 18 initial participants including shippers, trucking, warehousing, logistics companies and ports.

“These key stakeholders will work together with the Administration to develop a proof-of-concept information exchange to ease...

https://www.freightwaves.com/news/white-house-unveils-freight-data-exchange-to-bolster-supply-chains