Trucking recession: biggest freight brokerage layoffs in 2020 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Truck brokerage giants have been forced to lay off hundreds as the coronavirus slams trucking – here's a list of the biggest job cuts so far in 2020

Big names like C.H. Robinson would duel with techy upstarts like Uber Freight to see who would be able to control the freight-brokerage market — the sometimes costly, cumbersome process in which truck drivers are matched with retailers and manufacturers to move their goods.

Several brokerages have been forced to lay off workers before the coronavirus, while others have had to cut jobs because of the virus' impact on freight.if you have more information about layoffs in the trucking industry.Arrive Logistics, an Austin, Texas-based freight brokerage, reduced its workforce by 10% on April 4. Of the 110 who were affected, 35 were put on furlough and 75 were permanently laid off.

"This decision didn't come lightly because we know the impact it had on many of our colleagues and their families," Chelsea Woodhead, chief people officer at Arrive Logistics, said in a statement to Business Insider. An additional five employees in Coyote's information-technology department were laid off that month as well.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Best businesses to start despite the 2020 pandemic and recession - Business InsiderAccording to WarrenBuffett, it's time to 'bet on America. That's what's really gotten me through ever since I bought my first stock when I was 11.' WarrenBuffett With 137bn in cash not being bet with. WarrenBuffett Like he bet on airlines?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Seeking nominations for the most innovative chief marketing officers in the world in 2020 - Business InsiderWe're getting ready to publish Business Insider's fifth annual list of the most innovative CMOs, and we want to hear from you. So this IS the Burger King, finally.
Source: BusinessInsider - 🏆 729. / 51 Read more »