Freight Distress Report: More than 7,000 jobs cut in new wave of closures
A new round of layoffs and closures is hitting thousands of workers across manufacturing, distribution, warehousing, trucking and parcel networks. The post Freight Distress Report: More than 7,000 jobs cut in new wave of closures appeared first on FreightWaves .
The freight and logistics sector in the United States is facing a wave of job cuts and facility closures, with more than 7,000 positions impacted by recent workforce reductions involving major companies like Tyson Foods, FedEx, Ryder, CJ Logistics America, and Daimler Truck. The most significant layoff is from Tyson Foods, which is eliminating over 3,000 jobs as it closes operations in Joslin, Illinois, and Eagle Mountain, Utah, due to a historic cattle shortage.
Essendant, a wholesale distributor, is planning to cut more than 1,200 jobs across six states as it seeks additional capital or a potential buyer. Significant reductions are also set to occur at Ryder, CJ Logistics America, and Daimler Truck, with 73, 57, and 375 jobs affected, respectively. These layoffs are scheduled to begin on October 3, and some companies, like FedEx, may cease operations entirely if they cannot secure financing or a buyer.
The restructuring efforts are part of a broader trend affecting transportation, warehousing, fulfillment, and manufacturing operations across 15 or more states.
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