Freight distress persists as logistics layoffs top 1,000, bankruptcies mount
More than 1,000 job cuts and 15 bankruptcy filings highlight financial strains across the freight and logistics sector in recent weeks. The post Freight distress persists as logistics layoffs top 1,000, bankruptcies mount appeared first on FreightWaves.
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Financial distress continues to ripple through the U. S. transportation and logistics industry, with more than 1,000 announced job cuts and a new round of bankruptcy filings involving trucking companies, warehouse operators and freight-related businesses.
At least 10 companies have disclosed plans to eliminate a combined 1,021 jobs, according to layoff announcements and Worker Adjustment and Retraining Notification (WARN) notices compiled by FreightWaves between late October and Nov. 11.
The reductions affect workers in California, Ohio, Illinois, Pennsylvania, Wisconsin, Connecticut and New York, with several warehouse closures and layoffs scheduled to take effect in early 2027.
Meanwhile, 15 transportation, distribution and freight-related businesses have filed for Chapter 7 liquidation or Chapter 11 bankruptcy protection in cases dated between Sept. 14 and Nov. 10, including 13 filings since Oct. 19. window. googletag = window. googletag || {cmd: []}; googletag. cmd. push(function() {var gptSlot = googletag.
defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668545404-0'). defineSizeMapping(gptSizeMaps. banner1). addService(googletag. pubads()); googletag. pubads(). enableSingleRequest(); googletag. pubads(). collapseEmptyDivs(); googletag. enableServices(); setInterval(function() {if (!
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display('div-gpt-ad-1709668545404-0'); }); Warehouse and logistics layoffs account for hundreds of jobs Among the largest announced reductions is DSV Contract Logistics LLC, which plans to eliminate 175 jobs at its Edwardsville, Illinois, facility beginning Dec. 5.
According to an Illinois WARN notice, the permanent layoffs at the company’s Illinois facility are tied to a lost contract. National Distribution Centers LLC also announced significant workforce reductions at two facilities. The company plans to close its distribution facility in Perris, California, eliminating 167 jobs effective Jan. 4, 2027.
In Groveport, Ohio, the company intends to permanently eliminate another 126 positions between Jan. 5 and Jan. 19. Combined, the two actions account for 293 announced job cuts. Other logistics companies announcing reductions include CEVA Supply Chain Inc.
, which plans to eliminate 120 positions at its Lockbourne, Ohio, facility by June 2027, and Kenco Logistic Services LLC, which is permanently closing a warehouse operation near Myerstown, Pennsylvania. Kenco’s closure will affect 81 employees, with layoffs beginning March 1 and concluding by June 15. window. googletag = window.
googletag || {cmd: []}; googletag. cmd. push(function() {var gptSlot = googletag. defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0'). defineSizeMapping(gptSizeMaps. banner1). addService(googletag. pubads()); googletag. pubads(). enableSingleRequest(); googletag. pubads().
collapseEmptyDivs(); googletag. enableServices(); setInterval(function() {if (! document. hidden) {googletag. pubads(). refresh([gptSlot]); } }, 60000); }); googletag. cmd. push(function() {googletag. display('div-gpt-ad-1665767553440-0'); }); Worldwide Flight Services Inc. , an air cargo handling and ground services provider, filed an Oct.
29 WARN notice covering 59 permanent layoffs at its San Diego facility. Amazon also announced plans Nov. 9 to close its La Puente fulfillment center in Southern California, affecting 94 employees at the end of January. Some employees may be eligible to transfer to other Amazon locations. The reductions extend beyond warehouses and distribution centers.
Oshkosh Corp. eliminated approximately 80 salaried positions in its transport segment in late October. The cuts coincided with the specialty vehicle manufacturer’s third-quarter earnings announcement, when it lowered its full-year profit outlook. S&S Worldwide, a Connecticut-based distributor of crafts and educational supplies, announced 70 layoffs, while S.
S. Delivery Systems LLC filed a facility closure notice affecting 49 workers in Rochester, New York. window. googletag = window. googletag || {cmd: []}; googletag. cmd. push(function() {var gptSlot = googletag. defineSlot('/21776187881/fw-responsive-main_content-slot4', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668086344-0').
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display('div-gpt-ad-1709668086344-0'); }); Freight and logistics layoffs The following table summarizes the 10 layoff and closure announcements included in this report. CompanyLocationType of companyLayoffsReason for layoffsNational Distributio
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