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Layoff wave hits freight sector as nearly 9,000 jobs slashed

Freight Waves

Layoffs continue to impact the freight industry as firms across the U.S. The workforce reductions are tied to companies operating in sectors such as trucking, warehousing, logistics, food suppliers and manufacturing. Freight-related companies in Mexico have also recently announced major workforce reductions. In the U.S.,

El Paso 145
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Driver Shortage Myths Debunked: Freight Demand Drives Trucking Jobs

Freight Waves

Yet, researchers and industry experts argue the labor market functions well when freight demand is strong. A December 2024 study by Professors Jonathan Phares, Jason Miller, and Stephen Burks, published by the Association for Supply Chain Management, shows carriers hire drivers when freight demand rises and reduce staff when it falls.

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This Week in Logistics News (May 21 – 27)

Logistics Viewpoints

I also had the benefit of attending a beautiful location, The Diplomat Hotel in Hollywood, Florida. Amazon Aims to Sublet, End Warehouse Leases as Online Sales Cool. North American Transborder Freight up 23.8% The more cautious outlook is driven by wage and inflationary pressures, as well as increased freight costs.

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The Logistics of Customer Experience with Scott Perry

The Logistics of Logistics

From humble beginnings in 1919 as a moving company in Jacksonville, Florida, The company has grown into a $600-million global transportation, relocation management and logistics company, serving 180 countries with 2,000 employees around the globe. million square feet of warehouse space in the U.S., About Scott Perry.

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3PL Basics: An Introduction to 3rd Party Logistics with Roberto Cadena

The Logistics of Logistics

Warehousing 3.) Robert earned a Bachelor’s degree in Economics from Florida International University. Sometimes 3rd party logistics companies are described as: Asset-based – companies that own actual assets like trucks, boats, planes, warehouses. Warehousing 4.) Warehousing Services. Transportation 2.)

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Transportation pricing grows faster than capacity again in May

Freight Waves

The dynamic could represent an improving freight market, but it also reflects transportation companies offsetting higher operating costs through rate increases. Elevated but static inventories kept available warehouse capacity neutral at 50, which was 5.4 Warehouse utilization (62.5) points higher, keeping warehouse prices (72.1)

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Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. Today, there are many top 3PL warehousing companies that handle warehousing, fulfillment, logistics and distribution services for companies of all sizes. Revenue: €63.3 billion/$72.43