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.
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.
This story was originally published by FreightWaves. Read the full story at FreightWaves →
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