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The post Daily Infographic: 573 layoffs hit logistics firms in California, Illinois and Michigan appeared first on FreightWaves.
The post Daily Infographic: 573 layoffs hit logistics firms in California, Illinois and Michigan appeared first on FreightWaves.
Transportation and logistics provider R&R Express announced Monday the acquisition of truckload carrier Taylor Transportation. Taylor primarily provides dedicated transportation services for the tire and auto industries out of two locations in North Carolina and Tennessee. The deal includes the acquisition of Taylor’s 85 tractors and more than 200 trailers. The company has 104 employees,…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. Trains have been a part of pop culture since its invention, especially film. Here at FreightWaves, some of our favorite films are about rail or take place on trains. This is a list of our favorite train…
Yellow, the third-largest less-than-truckload company that’s in the midst of financial chaos, is laying off an unknown number of office employees, most of which were nonunion. Employees were notified of the layoffs on Friday morning in voice-only calls. At least three executives laid off large portions of their teams: Yellow Chief Information Officer Annlea Rumfola…
Trailer and body builder Wabash reported record second-quarter earnings despite lower trailer deliveries and only a modest increase in truck body deliveries. Highlights included: Quarterly revenue of $686.6 million versus $642.7 million a year ago. Record operating income of $103 million with an operating margin of 15% on strong material margin and favorable product mix….
Less than a month after taking a billion-dollar stake in railroad Norfolk Southern Corp. (NYSE: NSC) and vowing to oust CEO Alan Shaw, activist group Ancora Holdings Group on Tuesday proposed a new slate of directors at Norfolk Southern, as well as a new CEO, former UPS Inc. executive Jim Barber. Ancora has also proposed…
COVID steered shipping markets in 2000-2022. Geopolitics has steered markets ever since — and future war effects on ocean trade could be even more extreme than they are today. Russia’s invasion of Ukraine rerouted crude oil, refined products, LNG, coal and grain trades. The Israel-Hamas war spawned attacks by Houthi rebels on vessels in the…