Supply Chain Cuts 1,222 Jobs as 10 Freight Firms File Bankruptcy
Amazon, Temco, and Freight Handlers account for most layoffs from July 10-24 while seven trucking companies seek Chapter 11 protection.
#Freight Bankruptcy
5 posts tagged with this topic.
Yellow Escapes $300M WARN Act Liability in Federal Ruling
Federal court affirms Yellow qualified as a 'faltering company' when it laid off 22,000 union workers in July 2023. New Jersey employees may still see limited…
586 Indiana Warehouse Jobs Cut as Small Carriers File Bankruptcy
Humano, SIMOS close Avon operations in August. Five freight and logistics companies filed Chapter 11 or Chapter 7 in the past two weeks.
177-Truck Border Carrier Liquidates as Freight Bankruptcies Spread
Triple RRR Carriers, GLS Materials, and four other trucking companies filed Chapter 7 or 11 in the past 10 days. Logistics firms cut 548 jobs.
Yellow Corp. Workers May Get Paid by July After 3-Year Wait
Bankruptcy court approved liquidation plan in November. Employee claims classified as priority. Transition to liquidating trust expected June or July, but…